Is Corporate Social Responsibility Really Able to Create Long-Term Sustainability Value?

Abstract

This chapter analyzes the academic debate regarding the need to adopt a long-term vision of CSR strategies. It's based on the premise that short run is the dominant approach in financial markets, and this situation could be negatively conditioning the long-term sustainability value creation. New social values may be requesting different management decisions from companies, prioritizing long-term over short term results. A thorough literature review has been done across specialized journals, international reports, and key legislation, trying to determine and model the elements facilitating this sustainable value creation. It shows the alignment needed between CEO and their shareholders within the framework of corporate governance to create long-term value within CSR. There are signs of a possible financial over-performance of companies that strategically create a shared value with stakeholders based on environmental, social, and governance objectives, selected due to their materiality. A model is proposed to consider a long-term approach creating sustainable value in organizations.

Analisis Penggunaan Akuntansi Keuangan dalam Penilaian Kinerja Manajerial dan Hubungannya dengan Pengembangan Strategi Bisnis di Perusahaan PQR

“…Selain itu, penelitian menunjukkan bahwa organisasi yang secara efektif menghubungkan akuntansi keuangan dengan pengembangan strategi cenderung mengungguli rekanrekan mereka. Penyelarasan ini memungkinkan pengambilan keputusan yang lebih tepat dan alokasi sumber daya untuk inisiatif yang secara strategis baik (Baykal, 2015;Moreno et al, 2022).…”