Corporate social responsibility and stakeholders: Review of the last decade (2006–2015)

Abstract

Background: Globalization, strong development of information-communication technologies and the emergence of new burning challenges for the global communities enabled the concept of corporate social responsibility to be perceived as a business model that allows for successful differentiation of companies, as well creating sustainable competitive advantage. Objective: The goal of the paper is to offer a short overview of the role of internal and external stakeholders within the concept of corporate social responsibility and point out the importance of quality relationships between the company and its stakeholders with the aim of improving the standard of living of all community members. Methods/approach: The paper is based on a systematic analysis of previously published relevant international scientific papers in the field of corporate social responsibility, stakeholder theory and information-communication technologies. Results: This paper demonstrates that the concept of corporate social responsibility has gone, in its several decades of existence, from the "unnecessary dependency" phase to the critical business model phase. Conclusions: As there is a natural connection between the concept of corporate social responsibility and the stakeholders, it can be concluded that the quality of the relationship between the company and its stakeholders represents a key factor that affects the success of the company in its notion of differentiating itself from competitors and creating sustainable competitive advantage.

Critical Success Factors for Corporate Social Responsibility Adoption in the Construction Industry in Malaysia

“…The concept of CSR has been viewed from several different theories to explain the behavior of economic units emerging from its activities [32]. However, the most widely used theoretical frameworks for analyzing the effects brought by CSR are stakeholder theory and resource-based view (RBV) theory [25,33]. In addition, theory of social capital has been suggested suitable for SMEs [34].…”

Soundness and Sustainability Research in the Regional and Settlement Development Programmes (2014-2020)

“…Authors agree with the reasoning of Németh [5], who believes that the solution of sustainability-related questions and the reaching of regional and national development policy objectives lies in the performance ability of smaller regional units of a country. Therefore, the cooperation with the stakeholders is the mainly important factor of the process [1,2].…”

“…A decision was made by the town administration to start the "Green town" project, which includes the self-governmental infrastructure development, and the establishment of commercial and service spaces. The economic and environmental sustainability is a key requirement and the development has to fit into the long-term strategic objectives of the town, which are higly relevant taking into accoun the relationship with the community stakeholderes [1,2].…”

Nonfinancial Reporting: Theoretical and Empirical Evidence

“…It is obviously apparent that sustainability message and image have an impact on attracting the best talent [59]. When companies were asked to rank three most important stakeholders in their sustainability initiatives, employees ranked second with 22% of replies, after consumers who ranked first with 37% replies, while owners ranked third with 15% of replies [60].…”