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Main inducements for companies to adopt the corporate social responsibility strategy: environmental, social and economic stakes

Main inducements for companies to adopt the corporate social responsibility strategy:... The corporate social responsibility concept attracts increasing interest around the world. For companies, setting up a corporate social responsibility program and good governance makes perfect sense to promote transparency and dialogue with stakeholders while strengthening its credibility and reputation in the market. This managerial approach is a flexible and effective mode of management through which the company interacts harmoniously with its stakeholders. This article is part of an understanding of a complex phenomenon. Corporate social responsibility is multi-faceted and refers to a wide variety of definitions and meanings. The concept of corporate social responsibility requires conciliation of interdependent spheres (financial, social, ecological, and ethical) whose values and objectives can compete. This paper presents a broad review of the literature on corporate social responsibility. Indeed, we present the different strategies and incentives of companies in corporate social responsibility and the institutional and organisational determinants. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Sustainable Development Inderscience Publishers

Main inducements for companies to adopt the corporate social responsibility strategy: environmental, social and economic stakes

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd
ISSN
0960-1406
eISSN
1741-5268
DOI
10.1504/ijsd.2021.122713
Publisher site
See Article on Publisher Site

Abstract

The corporate social responsibility concept attracts increasing interest around the world. For companies, setting up a corporate social responsibility program and good governance makes perfect sense to promote transparency and dialogue with stakeholders while strengthening its credibility and reputation in the market. This managerial approach is a flexible and effective mode of management through which the company interacts harmoniously with its stakeholders. This article is part of an understanding of a complex phenomenon. Corporate social responsibility is multi-faceted and refers to a wide variety of definitions and meanings. The concept of corporate social responsibility requires conciliation of interdependent spheres (financial, social, ecological, and ethical) whose values and objectives can compete. This paper presents a broad review of the literature on corporate social responsibility. Indeed, we present the different strategies and incentives of companies in corporate social responsibility and the institutional and organisational determinants.

Journal

International Journal of Sustainable Development – Inderscience Publishers

Published: Jan 1, 2021

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