Corporate Social Responsibility (CSR) and Company Financial Performance: Empirical Evidence from Listed Companies in Romania

Dumitrescu, Dalina; Simionescu, Liliana Nicoleta

doi:10.1007/978-3-319-27573-4_44

Cited by 5 publications

(3 citation statements)

References 25 publications

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“…A similar examination for one country could not conclude a similar conclusion for CSR engagement financial characteristics worldwide. For example, the study of the Bucharest Stock Exchange examination noticed no significant difference in financial performance between CSR companies and non-CSR companies [60]. Similar results were performed for food and beverage companies from Greece.…”

Section: Discussionsupporting

confidence: 55%

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Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry

Mądra-Sawicka

Paliszkiewicz

2020

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This paper aims to identify financial measures that are related to Corporate Social Responsibility (CSR) involvement activities. The study concerns the food industry, in which clients, as well as stakeholders, increasingly appreciate socially responsible companies, which could be a crucial factor for future growth strategy. An analysis was made on a sample of 448 food companies from 50 countries in 2009–2020. As a financial measure for CSR assessment, we used profitability ratios, dividend payout ratio, price-to-earnings ratio and market capitalization. The results confirmed that CSR reporting was a crucial division that differentiated companies from the perspective of profitability, OE, market capitalization, and share price. The CSR practices that are realized and published in reports become an important signal for investors that the company has a good financial situation and is able to invest in CSR without reducing its performance.

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Section: Discussionsupporting

confidence: 55%

“…We include the companies to the group according to CSR reports availability. A similar approach was adopted by Maggina et al [59] and Dumitrescu and Simionescu [60]. The average age of the firm in the non-CSR group is 40, while in the CSR group, it is 47.…”

Section: Methodsmentioning

confidence: 98%

Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry

Mądra-Sawicka

Paliszkiewicz

2020

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“…Other research shows that healthier employees are already able to perform better physically and mentally in the short term, and they become more health-conscious, more efficient, more productive, more satisfied, more motivated and more loyal (Szabo and Juhasz 2019;Ozminkowski et al 2016;Hendriksen et al 2016;Gubler et al 2017). In addition, Dumitrescu and Simionescu (2015) conducted empirical analyses based on accounting measures to determine company financial performance related to CSR. Besides increasing revenues, other financial benefits of CSR have been observed through costs of production and equity reduction (Matthiesen and Salzmann 2017).…”

Section: Workplace Health Promotion As An Internal Csr Activitymentioning

confidence: 99%

Workplace Health Promotion, Employee Wellbeing and Loyalty during Covid-19 Pandemic—Large Scale Empirical Evidence from Hungary

Gorgenyi-Hegyes¹,

Nathan

Fekete-Farkas³

2021

Economies

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Corporate social responsibility (CSR) has become an innovative strategic management tool of socially and environmentally conscious business organizations in the 21st century. Although external CSR activities are better researched, firms’ internal CSR activities such as workplace health promotion and its impact on employee wellbeing are less understood, especially during a pandemic where job security is relatively lower in many sectors of employment. Additionally, wellbeing and good health have been recognized as important targets to achieve as part of the United Nation’s Sustainable Development Goal 3. Therefore, this study investigates the relationship between health-related work benefits and employee wellbeing, satisfaction and loyalty to their workplace. Large scale survey research was performed with responses from 537 employees in Hungary and 16 hypotheses were tested. Data analysis and path modelling using PLS-SEM (Partial Least Squares Structural Equation Modelling) reveal two-layers of factors that impact employee wellbeing, satisfaction and loyalty. We term this as ‘internal locus of control’ and ‘external locus of control’ variables. Internal locus of control variables such as mental and emotional health leads to wellbeing at the workplace but do not directly impact employee satisfaction and loyalty. In contrast, external locus of control factors such as healthcare support leads to wellbeing, satisfaction and loyalty. Employer commitment to healthcare support system is found pertinent especially during the pandemic. We discover wellbeing as a unique standalone construct in this study, which is vital as is it formed by mental and emotional wellbeing of employees, albeit not a determinant of employee workplace satisfaction and loyalty. We theorize workers’ self-reliance and preservation as possible explanations to the disassociation between employee wellbeing and loyalty to workplace during times of crisis and the pandemic.

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Organizational structure as a factor of development of corporate social responsibility in Romanian companies

Crişan-Mitra

2019

Вест. ПГУ. Экономика

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The role of corporate social responsibility for the development of fundamental basis of social-economic interaction on sustainable development basis is significant for the existing corporate relations in the global economy. Corporate social responsibility means a voluntary initiative of separate corporations to implement a system social policy in the interests of society in general through the implementation of socially significant obligations established by laws, ethical standards, adopted rules of behaviour. In this regard the importance to study the corporate social responsibility phenomenon is that corporations with their socially significant behaviour predetermine social values in society in general and determine the vector of its socio-economic development. Considering the fact that the system of corporate social responsibility is based on labour relations incorporated into social-economic mechanism of a corporation and the mechanism in its turn is based on a company's organizational structure the impact of an organizational structure on the corporate social responsibility practice is investigated in the research. The purpose of the article is to assess the impact of organizational structures of a company on the development of the systems of corporate social responsibility and to reveal differences in the corporate social responsibility systems of companies with different types of organizational structures. To achieve the aim of the study a theoretical review of approaches to understanding the essence of organizational structures and models of corporate social responsibility has been made. To analyse organizational structures we have used a synthetic approach that differentiates the structures into two types: mechanistic (with a high level of hierarchy and division of labour) and organic (flexible and better adapted to the rapid change of external conditions, including the emergence of new technologies). The hypothesis of the research is the assumption that companies with organic organizational structures are more progressive in the development of corporate social responsibility systems and the introduction of the principles of corporate social responsibility into their business practices. The study is based on social and ecological reports of Romanian companies that have more than 249 employees. The case-study method, interviewing, the tools of economic-mathematical analysis of data have been used in the research. While analyzing the contemporary status of the corporate social responsibility in Romania and 87 results of the questioning of the representatives of the Romanian companies we have come to the conclusion that despite the type of the organizational structure the key factors of the development of the system of corporate social structure are a company image and its reputation at the market, practice of purchasing (e.g. the compliance of the ethical code of a company by business partners and suppliers), the assessment of human rights in the company by business partners and industry trends of sustaina...

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Corporate Social Responsibility (CSR) and Company Financial Performance: Empirical Evidence from Listed Companies in Romania

Cited by 5 publications

References 25 publications

Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry

Information Sharing Strategies in the Social Media Era: The Perspective of Financial Performance and CSR in the Food Industry

Workplace Health Promotion, Employee Wellbeing and Loyalty during Covid-19 Pandemic—Large Scale Empirical Evidence from Hungary

Organizational structure as a factor of development of corporate social responsibility in Romanian companies

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