Corporate Social Responsibility in Developing Countries : The Case of Most Successful Companies in Romania and Ghana

The article examines the extent to which the most successful companies in Romania and Ghana - emerging countries - practice corporate social responsibility and the way CSR is communicated through the corporate websites and CSR/annual reports. The authors analysed whether CSR is integrated in the companies' strategy, what are the most important categories of stakeholders addressed, in what way do companies report their CSR activity and which are the main differences and similarities between Romania and Ghana. The data covered the top 20 companies in both countries with a total sample of 40 most valuable companies. The results show that community is represented as primary stakeholders. Also, there are few companies that have a CSR report and others include social aspects in their annual reports. The findings indicate that corporate social responsibility is still in the infant stage in Romania and especially Ghana and has different representation among industrial sectors