The Corporate Social Responsibility System Practiced by Romanian Companies

Authors

  • Catalina SITNIKOV Prof. Ph.D, University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania
  • Anca BANDOI Assoc. Prof. Ph.D, University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania
  • Ionela STANECI (DRINCEANU) Ph.D Student, University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania
  • Costinel Cristian MILITARU Ph.D Student, University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania
  • Mariana Paraschiva OLARU (STAICU) Ph.D Student, Craiova, University of Craiova, Faculty of Economics and Business Administration, Romania
  • Ionut RIZA Ph.D, University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania

Keywords:

economic responsibility, legislative responsibility, ethical responsibility, philanthropic responsibility;

Abstract

Recent research has shown that the corporate social responsibility system has a positive impact on consumer behavior regarding products or services that promote social responsibility. Thus, it can be stated that customer loyalty to a particular company derives not only from commercial benefits but also from the components of corporate social responsibilities practiced by the company. The vast majority of company managers in Romania do not understand what it means to be a socially responsible company, which is why they do not even agree with most of the definitions given to corporate social responsibility; secondly, when asked to explain what social responsibility means, they are not able to make logical arguments; I argue that the involvement of companies in social responsibility activities has a purely economic motivation and that it is related to the size of the company, rather large companies integrating the implementation of CSR activities in its vision. From a marketing perspective, corporate social responsibility has proven its ability to generate many benefits for companies, implementing and communicating specific policies and actions in this regard with the potential to improve satisfaction and loyalty, both among customers and of employees.  The main objective of the article is to analyze the way in which consumers in Romania perceive the corporate social responsibility system of companies.

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Published

2021-04-29

How to Cite

SITNIKOV, C., BANDOI, A., STANECI (DRINCEANU), I. ., MILITARU, C. C. ., OLARU (STAICU), M. P., & RIZA, I. (2021). The Corporate Social Responsibility System Practiced by Romanian Companies. Postmodern Openings, 12(1Sup1). Retrieved from https://lumenpublishing.com/journals/index.php/po/article/view/4101

Issue

Section

Research Articles