Driving Profitability through Social Responsibility: Unveiling the Success Story of Automotive Plant Stellantis Slovakia

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F24%3AN0100959" target="_blank" >RIV/71226401:_____/24:N0100959 - isvavai.cz</a>

Result on the web

<a href="https://bm.uni-svishtov.bg/title.asp?title=2988" target="_blank" >https://bm.uni-svishtov.bg/title.asp?title=2988</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.58861/tae.bm.2024.2.06" target="_blank" >10.58861/tae.bm.2024.2.06</a>

Result language

angličtina

Original language name

Driving Profitability through Social Responsibility: Unveiling the Success Story of Automotive Plant Stellantis Slovakia

Original language description

This study examines the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in Slovakia&#039;s unique context of the Stellantis automobile plant. Driven by the growing focus on mitigating business impacts and delivering value to stakeholders, the research explores CSR as a strategic tool to enhance competitiveness. The analysis utilises Stellantis Slovakia&#039;s financial reports from 2017 to 2021, incorporating horizontal and vertical analysis of assets. A questionnaire has also been administered to gauge employee perception of the company&#039;s CSR initiatives. The survey findings reveal a positive correlation between stakeholder engagement and CSR. Stellantis Slovakia&#039;s car plant showcases a commendable CSR commitment, with the potential to set more precise, measurable objectives to drive sustainability efforts. The company&#039;s robust financial performance, characterised by significant net profit growth, is in line with industry trends, suggesting that CSR-oriented firms enjoy enhanced CFP. The survey underscores the highly positive employee perception of CSR, related to moral commitment, thereby supporting previous research on CSR-driven employee engagement and productivity. This study deepens our understanding of CSR&#039;s impact on financial performance, offering practical recommendations for Stellantis Slovakia. Integrating CSR can improve the company&#039;s image, enhance employee motivation, reduce costs and drive revenue growth, thereby highlighting the strategic value of socially responsible practices and encouraging optimism about the potential benefits of these practices.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2024

Confidentiality

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

Name of the periodical

Business management

ISSN

0861-6604

e-ISSN

2534-8396

Volume of the periodical

34

Issue of the periodical within the volume

2

Country of publishing house

BG - BULGARIA

Number of pages

22

Pages from-to

97-118

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85196529145