IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxviiiy2018i1p17-21.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2018/08/4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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. 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.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Meyer, Margit & Waßmann, Jan, 2011. "Strategische Corporate Social Responsibility. Konzeptionelle Entwicklung und Implementierung in der Praxis am Beispiel 'dm-drogerie markt'," Research Papers on Marketing Strategy 3/2011, Julius-Maximilians-Universität Würzburg, Lehrstuhl für BWL und Marketing.
    2. Hamad Alhumoudi, 2017. "External Social Accounting Developments: Analysis and Discussion of Academic Critiques," Business and Economic Research, Macrothink Institute, vol. 7(1), pages 33-45, June.
    3. Hong Yuh Ching & Fábio Gerab & Thiago Henrique Toste, 2017. "The Quality of Sustainability Reports and Corporate Financial Performance: Evidence From Brazilian Listed Companies," SAGE Open, , vol. 7(2), pages 21582440177, June.
    4. Nneka Logan, 2019. "Corporate Personhood and the Corporate Responsibility to Race," Journal of Business Ethics, Springer, vol. 154(4), pages 977-988, February.
    5. Oscar Licandro & José Luis Vázquez-Burguete & Luis Ortigueira & Patricia Correa, 2023. "Definition of Corporate Social Responsibility as a Management Philosophy Oriented towards the Management of Externalities: Proposal and Argumentation," Sustainability, MDPI, vol. 15(13), pages 1-18, July.
    6. Se-Yeon Ahn & Dong-Jun Park, 2018. "Corporate Social Responsibility and Corporate Longevity: The Mediating Role of Social Capital and Moral Legitimacy in Korea," Journal of Business Ethics, Springer, vol. 150(1), pages 117-134, June.
    7. Aleksandra Gasior, 2013. "Financial liquidity analysis of CSR based Capital Group Zywiec SA," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(Special 7), pages 784-801, November.
    8. Xhesilda Vogli, 2021. "Csr In The Czech Republic Through The Lens Of High Dimensional Data Analysis," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 15(1), pages 440-451.
    9. Mei Peng Low, 2016. "Corporate Social Responsibility and the Evolution of Internal Corporate Social Responsibility in 21st CenturyOrganization Performance: A Case Study of Pakistan Telecommunication Authority," Asian Journal of Social Sciences and Management Studies, Asian Online Journal Publishing Group, vol. 3(1), pages 56-74.
    10. Syed Shoaib Nazir & Taimur Ashiq & Mazhar Farid Chishti & Riffat Ullah & Athar Marwat, 2024. "Assessing Financial Stability through ESG: The Impact of Sustainable Finance on Commercial Banks listed in Pakistan Stock Exchange (PSX)," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(3), pages 120-129.
    11. Oscar Daniel Licandro & Adán Guillermo Ramírez García & Lisandro José Alvarado-Peña & Luis Alfredo Vega Osuna & Patricia Correa, 2019. "Implementation of the ISO 26000 Guidelines on Active Participation and Community Development," Social Sciences, MDPI, vol. 8(9), pages 1-18, September.
    12. Amin Jan & Maran Marimuthu & Muhammad Pisol bin @Mat Isa & Pia A. Albinsson, 2021. "Sustainability Practices and Banks Financial Performance: A Conceptual Review from the Islamic Banking Industry in Malaysia," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(11), pages 1-61, July.
    13. Benedict Sheehy, 2015. "Defining CSR: Problems and Solutions," Journal of Business Ethics, Springer, vol. 131(3), pages 625-648, October.
    14. Kofi Mintah Oware & Harshitha Moulya & Thathaiah Mallikarjunappa, 2024. "Corporate social responsibility assurance, board characteristics and social performance disclosure. Evidence of listed firms in India," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1707-1721, April.
    15. Oscar Licandro & Luis Camilo Ortigueira Sánchez & Oscar Huapaya-Huertas, 2023. "Consistency between Definition and Reasons for Applying Corporate Social Responsibility: The Perspective of Social Responsibility Managers," Sustainability, MDPI, vol. 15(20), pages 1-16, October.
    16. Maignan, Isabelle & Ferrell, O. C., 2003. "Nature of corporate responsibilities: Perspectives from American, French, and German consumers," Journal of Business Research, Elsevier, vol. 56(1), pages 55-67, January.
    17. Natalia Kelchevskaya & Ilia Chernenko & Ekaterina Popova, 2017. "The Impact of Corporate Social Responsibility on the Investment Attractiveness of the Russian Companies," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 157-169.
    18. Miguel Arato & Stijn Speelman & Guido Van Huylenbroeck, 2016. "Corporate Social Responsibility Applied for Rural Development: An Empirical Analysis of Firms from the American Continent," Sustainability, MDPI, vol. 8(1), pages 1-17, January.
    19. Maignan, Isabelle & Ferrell, O. C., 2001. "Antecedents and benefits of corporate citizenship: an investigation of French businesses," Journal of Business Research, Elsevier, vol. 51(1), pages 37-51, January.
    20. Graham Gal & Orhan Akisik, 2020. "The impact of internal control, external assurance, and integrated reports on market value," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(3), pages 1227-1240, May.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:17-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.