Current Developments in Corporate Social Responsibility in the EU

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43888132" target="_blank" >RIV/62156489:43110/16:43888132 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.1007/978-3-319-17299-6_5" target="_blank" >http://dx.doi.org/10.1007/978-3-319-17299-6_5</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/978-3-319-17299-6_5" target="_blank" >10.1007/978-3-319-17299-6_5</a>

Result language

angličtina

Original language name

Current Developments in Corporate Social Responsibility in the EU

Original language description

The aim of this chapter is to introduce the concept of and current developments in corporate social responsibility in Europe, including the role of European institutions and their policies. The current trend in CSR, described as a corporate giving strategy that includes long-term commitments, is supported by the European Commission, which has declared it to be a responsible business behaviour that promotes sustainable growth and assumes responsibility for business&apos;s societal impact. This chapter focuses on CSR standards and norms, namely, ISO 26000 and SA8000 (2012-2013). The focus is on Italy as a country with exceptionally developed CSR. An economic analysis of Italian companies, based on the Amadeus database, was conducted to identify profitability-related differences between companies that are SA8000 certified and companies that are not. Our conclusions based on the Italian case suggest that SA8000 certification can be a good competitive tool for a company, might be required by state institutions for public services or can be important for supply-chain management. In Italy, SA8000 was primarily used by larger, more profitable companies. In 2007-2012, both groups of Italian companies-those that were SA8000 certified and those that were not-were confronted by a decrease in all indicators of profitability in 2012 as compared to 2007. Finally, based on a difference in difference estimation strategy, SA8000 certification has a potentially positive impact on firm growth but not on firm profitability, which could support our opinion of the importance of SA8000 certificates for companies expanding to other markets.

Czech name

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Czech description

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Type

C - Chapter in a specialist book

CEP classification

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OECD FORD branch

50402 - Demography

Project

<a href="/en/project/EE2.3.20.0006" target="_blank" >EE2.3.20.0006: Human Resource Development - Science Education & Research in Faculty of Business and Economics in Mendelu Brno</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Book/collection name

Competitiveness, Social Inclusion and Sustainability in a Diverse European Union: Perspectives from Old and New Member States

ISBN

978-3-319-17298-9

Number of pages of the result

22

Pages from-to

77-98

Number of pages of the book

212

Publisher name

Springer Switzerland

Place of publication

Cham

UT code for WoS chapter

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