Corporate Social Responsibility (CSR). A Conceptual and Theoretical Shift
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2017, Vol 7, Issue 1
Abstract
The purpose of the present study is to trace the conceptual evolutionary path of theories and philosophies on Corporate Social Responsibility (CSR) and to reflect on the implications of the development. The study reported a conceptual shift with respect to CSR, as that concept was first appeared as Corporate Responsibility which was viewed as an implicit relationship between organizations and its society. The study also found a shift with respect to philosophical underpinning the engagement on CSR practices. Furthermore, the study revealed a great shift in focus throughout the years from profit maximization being the exclusive objective of business organisations to social and environmental practices being integrated within companies’ operations. The findings help provide more understanding of how this area of research is moving forward. The results should, therefore, be of interest to regulators and standard-setters charged with developing regulations to control CSR, as these practices are still voluntary in nature by companies.
Authors and Affiliations
Tareq O. Bani-Khalid, Ahmed H. Ahmed
Keywords
Related Articles
- EP ID EP183143
- DOI 10.6007/IJARAFMS/v7-i1/2626
- Views 66
- Downloads 0
Examining the Impact of Institutional Ownership on Monitoring Cost. The Case of Iranian Firms Listed on Tehran Stock Exchange
Nowadays, in large corporations, owing to the vast number of owners and shareholders, the direct control by owners over firm performance is impossible and this group can only participate in the results of operations. The...
Financial and Economical Analysis of Banking Activities: Case Study of Jordan
The Impact of Ownership Structure on the Financial Performance of Listed Insurance Firms in Nigeria
Trends behind Implementation of Basel Core Principles in Banking Sector of Bosnia And Herzegovina - A Look Back and a Look Forward
The aim of this paper is to analyze banking regulation in Bosnia and Herzegovina (B&H), as well as the reflection of implementation of Basel Core Principles on business of banks and certain trends in domestic banking. Qu...
Economic Policy Management in Nigeria: Effective Diversification Approaches
The study examined effective approaches to diversifying policy management: The way forward. This paper examined the various approaches to diversifying policy management in Nigeria. The study also examines the effect of d...