HOW TO DEAL WITH CORPORATE SOCIAL RESPONSIBILITY IN FINANCIAL CRISIS
The aim of the paper is to examine the effects of periods of financial crisis onCorporate Social Responsibility (CSR) practices. This paper represents a theoretical researchrelated to the latest developments in this field. We had documented our paper based on actualreferences on this matter. Firstly, in order to make correct assessments, this material seeks toexamine the level of understanding in respect of two jointly concepts: CSR and financial crisis, aswell as the resulted impact (on different stakeholders). We have also presented and commented on anew model that prescribes the reactions of CSR practices against the crisis and on differentresearches that have tried to quantify the link between the CSR and financial crisis. The result ofour research granted us various opinions on attitude that companies should undertake in financialcrisis: to cancel the CSR actions, to freeze the CSR actions or to be involved more in CSR actions.Based on our expertise, we assume and recommend that CSR efforts in financial crisis to becontinued due to the fact that would mainly bring positive results for involved companies in midand long-term basis.
Year of publication: |
2013
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Authors: | Stoian, Ciprian-Dumitru |
Published in: |
Annales Universitatis Apulensis Series Oeconomica. - Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia. - Vol. 1.2013, 15, p. 27-27
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Publisher: |
Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia |
Subject: | Corporate Social Responsibility | Financial crisis | Crisis Management |
Saved in:
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