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Dynamics of Corporate Social Responsibility: A Critical Approach to Theory and Practice: An Introduction

In: The Dynamics of Corporate Social Responsibility

Author

Listed:
  • Samuel O. Idowu

    (London Guildhall)

  • Maria Aluchna

    (Warsaw School of Economics)

Abstract

That Corporate Social Responsibility has dynamically reoriented the global corporate scene, the global economy, the way corporate entities are managed and run by corporate executives, the realisation that all classes of stakeholder are important to corporate survival, the way we treat the environment and process our wastes over the last 30 or so years cannot be denied. The bar of responsibility has continued to be raised day in day out, basically because as we continue to innovate, new things come to our consciousness every time. Several factors have been responsible for this dynamic transformation which the world has experienced and continue to experience in this regard. It became apparent to us all that many of the financially and socially irresponsible actions which the old capitalist systems perhaps; unintentionally brought unto the corporate arena were unsustainable and damaging to humanity. It also became glaringly clear that many corporate and individual actions taken either consciously or subconsciously had high environmental, human, social and financial costs. This realisation has led to a number of advancements with regard to how corporate social responsibility is perceived and practiced in most economies of the world and we conduct the day to day running of business.

Suggested Citation

  • Samuel O. Idowu & Maria Aluchna, 2017. "Dynamics of Corporate Social Responsibility: A Critical Approach to Theory and Practice: An Introduction," CSR, Sustainability, Ethics & Governance, in: Maria Aluchna & Samuel O. Idowu (ed.), The Dynamics of Corporate Social Responsibility, chapter 0, pages 1-6, Springer.
  • Handle: RePEc:spr:csrchp:978-3-319-39089-5_1
    DOI: 10.1007/978-3-319-39089-5_1
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    Citations

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    Cited by:

    1. Rosane Maria Seibert & Clea Beatriz Macagnan & Robert Dixon, 2021. "Priority Stakeholders’ Perception: Social Responsibility Indicators," Sustainability, MDPI, vol. 13(3), pages 1-22, January.
    2. Muttanachai Suttipun & Pankaewta Lakkanawanit & Trairong Swatdikun & Wilawan Dungtripop, 2021. "The Impact of Corporate Social Responsibility on the Financial Performance of Listed Companies in Thailand," Sustainability, MDPI, vol. 13(16), pages 1-14, August.
    3. Syed Alamdar Ali Shah, 2019. "Integration Of Financial Risks With Non Financial Risks: An Exploratory Study From Pakistani Context," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 8(2), pages 49-65.
    4. Wenxuan Yu & Abeer Hassan & Mahalaxmi Adhikariparajuli, 2022. "How Did Amazon Achieve CSR and Some Sustainable Development Goals (SDGs)—Climate Change, Circular Economy, Water Resources and Employee Rights during COVID-19?," JRFM, MDPI, vol. 15(8), pages 1-18, August.
    5. Dyann Ross, 2017. "A research-informed model for corporate social responsibility: towards accountability to impacted stakeholders," International Journal of Corporate Social Responsibility, Springer, vol. 2(1), pages 1-11, December.
    6. Doddy Setiawan & Rayenda Khresna Brahmana & Andi Asrihapsari & Siti Maisaroh, 2021. "Does a Foreign Board Improve Corporate Social Responsibility?," Sustainability, MDPI, vol. 13(20), pages 1-17, October.

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