Corporate social responsibility and sustainable development – international legal framework for goals achievement and some theoretical insights
Автор: Marijana Dukić Mijatović S., Ozren N. Uzelac, Aleksandra V. Stoiljković
Журнал: Pravo - teorija i praksa @pravni-fakultet
Рубрика: Original scientific work
Статья в выпуске: S vol.40, 2023 года.
Бесплатный доступ
Achieving a sustainable development should be one of the top priorities for the whole society. However, achieving a sustainable development is a complex function of different economic, social, institutional, political and historical factors. By implementing the corporate social responsibility, companies contribute to a sustainable development of the entire social system. According to the fact that it is not entirely clear at the micro level what corporate social responsibility involves, and that most of the company-level social activities are voluntarily initiated, it is necessary the institutional bodies encourage socially desirable forms of corporate behavior and implement the legal framework to business obligations to elicit responsible business procedures. Though responsible corporate business is highly desirable, companies have to consider the fact that the corporate interests and corporate social responsibility will always be constrained by the profit-maximizing prerequisites and general economic circumstances.
Corporate social responsibility, sustainable development, business procedures, profit-maximizing orientation, legal framework
Короткий адрес: https://sciup.org/170202115
IDR: 170202115 | DOI: 10.5937/ptp2300001D
Список литературы Corporate social responsibility and sustainable development – international legal framework for goals achievement and some theoretical insights
- Aleksić, M., Komazec, Lj., & Stoiljković, A. (2017). Promocija korporativnih i društvenih cljeva u funkciji održivog razvoja primer R. Srbije. [Promotion of corporate and social values in the function of sustainable development, example of the Republic of Serbia]. In:Menadžment i marketing – trendovi i uticaji na efikasnost tržišta Republike Srbije [Scientific ConferenceManagement and Marketing – trends and impacts on the efficiency of theRepublic of Serbia market] (pp. 1-10), Subotica: Ekonomski fakultet u Subotici
- Blomkvist, P., & Uppvall, L. (2012). A Chain is only as Strong as its Weakest Link: Managing Change in the Curriculum of Industrial Management Education.International Journal of Industrial Engineering and Management (IJIEM), 3(2), pp. 53-65. Downloaded 2021, October 02 from http://www.ijiemjournal.org/images/journal/volume3/ijiem_vol3_no2_2.pdf
- Campbell, L. J. (2007). Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility. Academy of Management Review, 32(3), pp. 946–967. DOI:10.5465/amr.2007.25275684
- Ćeha, M., (2013). Analysis of the Application of the Concept of Corporate Social Responsibility in Local Businesses. The European Journal of Applied Economics, 10(1), pp. 1-10. DOI: 10.5937/sjas1301001C
- Certo, C. S., & Certo T. S. (2008). Moderni menadžment [Modern management]. Zagreb: Mate
- Cho, S. J., Chung, C. Y.,& Young, J. (2019). Study on the Relationship between CSR and Financial Performance. Sustainability, 11(2), pp. 343. https://doi.org/10.3390/su11020343
- Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups. Official Journal of the European Union, L 330, 15.11.2014, pp. 1-9
- Drašković, V., & Lojpur, A. 2014. Corporate social responsibility: Illusion vs. real possibility, voluntarism vs. compliance. Strategic Management, 19(1), pp. 16-21.
- Friedman, M. (1970). The New York Times Magazine, September 13
- Gjølberg, M. (2009). Measuring the immeasurable? Constructing an index of CSR practices and CSR performance in 20 countries. Scandinavian Journal of Management,25(1), pp. 10–22. DOI: 10.1016/j. scaman.2008.10.003
- Grubor, A., Berber, N., Aleksić, M., & Bjekić, R. (2020). The influence of corporate social responsibility on organizational performances: A research in AP Vojvodina. Anali Ekonomskog fakulteta u Subotici, 56(43), pp. 3-13. DOI:10.5937/AnEkSub2001003G
- Guidelines on non-financial reporting (methodology for reporting nonfinancial information). Official Journal of the European Union, C-215, 5.7.2017, pp. 1–20.
- Herrera, J., & de las Heras-Rosas, C. (2020). Corporate social responsibility and human resource management: Towards sustainable business organizations. Sustainability, 12(3), pp. 841-865. https://doi.org/10.3390/su12030841
- International Organization for Standardization. ISO 26000:2010(en) – Guidance on social responsibility. Geneva: ISO/TMB Working Group on Social Responsibility. Downloaded 2021, October 05 from https://www.iso.org/obp/ui/#iso:std:iso:26000:ed-1:v1:en
- Jarmuševiča, V., & Iliško, D. (2019). The politics of a corporate social responsibility in the enterprise x for a sustainable regional development. In: Proceedings of the 61th International Scientific Conference of Daugavpils University (pp. 82-91), Daugavpils: Daugavpils University
- Jovanović, S. (2012). Aristotelovi postulati društvenog uređenja kao uzor za modernu organizaciju države [Aristotle’a postulates of social organization as a model for modern state organization]. Pravo – teorija i praksa, 29(7–9), pp. 71–84
- Jovanović, S. (2013). Moralnost u osiguranju i društveno odgovorno ponašanje – Stvarnost ili cilj kojem se teži [Morality in insurance and socially responsible behavior – Reality or aspirational goal]. In: Marano, P., Jovanović, S., Labudović Stanković, J. (urednici),Pravo osiguranja Srbije u tranziciji ka evropskom (EU) pravu osiguranja [Serbian insurance law in transition to European (EU) insurance law] (pp. 155- 168). Beograd: Udruženje za pravo osiguranja Srbije
- Knežević, G., & Mijoković, M. (2017). Sustainability reporting of listed companies on the Belgrade stock exchange. In: Challenges in Modern Corporate Governance: book of proceedings (pp. 30-35). Belgrade: Singidunum University, DOI: https://doi.org/10.15308/finiz-2017-30-35
- Krivokapić, S. (2014). Analysis of the level of alignment of marketing objectives with social responsibility in the countries in transition. In: Marković, A., Barjaktarović Rakočević, S. (eds.), New Business Models and Sustainable Competitiveness: symposium proceedings(pp. 281-286). Belgrade: Faculty of organization science
- Mandarić, M., & Milovanović, V. (2016). The Role of CSR in the Development of Sustainable Tourism in Serbia. In: TISC – Tourism International Scientific Conference (pp. 412-429),Vrnjačka Banja
- McWilliams, A., Siegel, D. S., & Wright, P. M. 2006. Corporate social responsibility: Strategic implications. Journal of management studies, 43(1), pp. 1-18. https://doi.org/10.1111/j.1467-6486.2006.00580.x
- Orlitzky, M., Schmidt, L. F., & Rynes L. S. (2003). Corporate Social and Financial Performance: A Meta-analysis. Organization Studies, 24(3), pp. 403–441. https://doi.org/10.1177/0170840603024003910
- Pelgrin, T. (2008). Promena prirode industrije reosiguranja – poziv na etičko postupanje [The changing nature of the reinsurance industry – a call for ethical action]. Revija za pravo osiguranja, 7(3), pp. 13–19
- Petrov-Stoyanov, P. (2018). The impact of corporate social responsibility in building the corporate strategy. In: Proceedings of 2nd International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture–ITEMA. (pp. 728- 734). Graz, https://doi.org/10.31410/itema.2018.728
- Porter, E. M., & Kramer, R. M. (2006). Strategy and Society: The Link between Competitive Advantage and Corporate Social Responsibility. Harvard Business Review, 84(12), pp. 78-92. Downloaded 2021, October 01 from https://hbr.org/2006/12/strategy-and-society-the-link-betweencompetitive-advantage-and-corporate-social-responsibility
- Sales, A. (2019). The Institutionalization of the Domain of Corporate Social Responsibility. In: Sales, A. (ed.), Corporate Social Responsibility and Corporate Change (pp. 3-41). Springer International Publishing
- Smith, E. R. (2011). Defining Corporate Social Responsibility: A Systems Approach for Socially Responsible Capitalism: Master of Philosophy Theses. Pennsylvania: University of Pennsylvania. Downloaded 2021, October 01 from http://repository.upenn.edu/od_theses_mp/9 (01/10/2021).
- Stojanović-Aleksić, V. & Bošković, A. (2016). Corporate social responsibility: philanthropy, obligation or utilitarianism? In: Reshaping the Future through Sustainable Business Development and Entrepreneurship:XV International Symposium Symorg 2016 (1382-1388). Belgrade: Faculty of organization science
- Stone, D. (2002). Beyond Moral Hazard: Insurance as Moral Opportunity. Baker, T. & Simon, J. (eds.), In: Embracing Risk – The Changing Culture of Insurance and Responsibility (pp. 52-79). Chicago & London: The University of Chicago Press
- United Nations Global Compact. Downloaded 2021, October 01 from https://www.unglobalcompact.org/
- United Nations. 2012. Resolution adopted by the General Assembly on 27 July 2012 66/288. The future we want. New York: United Nations
- Van Marrewijk, M. (2003). Concepts and Definitions of CSR and Corporate Sustainability – between agency and communion. Journal of Business Ethics, 44(2/3), pp. 95–105
- World Business Council for Sustainable Development. Downloaded 2021, October 01 from https://www.wbcsd.org/Overview/About-us
Статья научная
