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Legal or Discretionary CSR: The Directive 2014/95/EU Analysis

Author

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  • Frecea Georgiana-Loredana

    (The Bucharest University of Economic Studies)

Abstract

The corporate social responsibility concept has suffered various interpretations and changes inthe understanding of its voluntary nature, including some corporate functions in the legal sphereand introducing the mandatory CSR disclosure for certain groups of organizations. One of themost significant result in the CSR communication was trained by the achievement of the EUDirective which requires large undertakings functioning as public-interest entities to report on anon-financial basis. This paper addresses the legal context of developing the CSR understandingand the reporting issues in the international framework through a comparative analysis with thenational constraints in Romania, in order to discriminate between the mandatory and thediscretionary CSR characteristics. The identified particularities refer to the connection between theeconomic, the social and the environmental responsibility, describing the CSR implementation in astrong association with the legislative power and a shadowing effect of the authentic CSRvoluntary construction.

Suggested Citation

  • Frecea Georgiana-Loredana, 2018. "Legal or Discretionary CSR: The Directive 2014/95/EU Analysis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 17-21, July.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:17-21
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    References listed on IDEAS

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    1. Orhan Akisik & Graham Gal, 2014. "Financial performance and reviews of corporate social responsibility reports," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 25(3), pages 259-288, December.
    2. Eilbirt, Henry & Parket, I. Robert, 1973. "The practice of business : The current status of corporate social responsibility," Business Horizons, Elsevier, vol. 16(4), pages 5-14, August.
    3. Constantin Schipor, 2016. "A New Perspective of the Welfare State in the European Context," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 133-136, February.
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    More about this item

    Keywords

    corporate social responsibility; legal; discretionary;
    All these keywords.

    JEL classification:

    • K3 - Law and Economics - - Other Substantive Areas of Law
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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