The relationship of CSR and the business profit: can the most responsible companies be more profitable?
Persistent financial crisis and the cases of corruption afflicting Spain have broken the trust of society that forcefully demands an ethical, responsible and sustainable management of organizations, which are not immune to environmental problems. The effects of globalization, the introduction of tec...
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| Format: | Article |
| Language: | English |
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Universidad Politécnica de Cartagena
2016-10-01
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| Series: | Faedpyme International Review |
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| Online Access: | http://faedpyme.ojs.upct.es/index.php/revista1/article/view/107 |
| _version_ | 1819098317908344832 |
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| author | Antonio Miguel Gil Salmerón |
| author_facet | Antonio Miguel Gil Salmerón |
| author_sort | Antonio Miguel Gil Salmerón |
| collection | DOAJ |
| description | Persistent financial crisis and the cases of corruption afflicting Spain have broken the trust of society that forcefully demands an ethical, responsible and sustainable management of organizations, which are not immune to environmental problems. The effects of globalization, the introduction of tecnoestructura as a management model, technological and socio-economic changes have reshaped the cultural, management and ownership system of the current company, the company nowadays is transferred the responsibility to combine growth and competitiveness with social development and environmental improvement. This reconfiguration of business management model is implemented with the introduction of Corporate Social Responsibility (CSR) in the strategic plans of the companies with the purpose of achieving a competitive advantage. The question is: can the most responsible companies be more profitable? The introduction of CSR in the organizational culture of the companies involved as a vector, accelerates the profitability of the companies that apply it: the higher level of CSR used, the more profitable the companies are. These conclusions are determined from a linear regression analysis comparing the ROA –return on assets– to CSR levels in a hundred companies with higher levels of sustainability that operate in Spain, according to a survey published in 2014 by the Monitor business Corporate Reputation (Merco) |
| first_indexed | 2024-12-22T00:29:04Z |
| format | Article |
| id | doaj.art-c7689a0ba8774db5985b3e8be500a83f |
| institution | Directory Open Access Journal |
| issn | 2255-078X |
| language | English |
| last_indexed | 2024-12-22T00:29:04Z |
| publishDate | 2016-10-01 |
| publisher | Universidad Politécnica de Cartagena |
| record_format | Article |
| series | Faedpyme International Review |
| spelling | doaj.art-c7689a0ba8774db5985b3e8be500a83f2022-12-21T18:44:59ZengUniversidad Politécnica de CartagenaFaedpyme International Review2255-078X2016-10-0158607110.15558/fir.v5i8.10768The relationship of CSR and the business profit: can the most responsible companies be more profitable?Antonio Miguel Gil Salmerón0Universitat Oberta de CatalunyaPersistent financial crisis and the cases of corruption afflicting Spain have broken the trust of society that forcefully demands an ethical, responsible and sustainable management of organizations, which are not immune to environmental problems. The effects of globalization, the introduction of tecnoestructura as a management model, technological and socio-economic changes have reshaped the cultural, management and ownership system of the current company, the company nowadays is transferred the responsibility to combine growth and competitiveness with social development and environmental improvement. This reconfiguration of business management model is implemented with the introduction of Corporate Social Responsibility (CSR) in the strategic plans of the companies with the purpose of achieving a competitive advantage. The question is: can the most responsible companies be more profitable? The introduction of CSR in the organizational culture of the companies involved as a vector, accelerates the profitability of the companies that apply it: the higher level of CSR used, the more profitable the companies are. These conclusions are determined from a linear regression analysis comparing the ROA –return on assets– to CSR levels in a hundred companies with higher levels of sustainability that operate in Spain, according to a survey published in 2014 by the Monitor business Corporate Reputation (Merco)http://faedpyme.ojs.upct.es/index.php/revista1/article/view/107Responsabilidad Social CorporativaRSCéticasostenibilidadresponsablerentabilidadmedio ambienteROAregresión linealEBITDA. |
| spellingShingle | Antonio Miguel Gil Salmerón The relationship of CSR and the business profit: can the most responsible companies be more profitable? Faedpyme International Review Responsabilidad Social Corporativa RSC ética sostenibilidad responsable rentabilidad medio ambiente ROA regresión lineal EBITDA. |
| title | The relationship of CSR and the business profit: can the most responsible companies be more profitable? |
| title_full | The relationship of CSR and the business profit: can the most responsible companies be more profitable? |
| title_fullStr | The relationship of CSR and the business profit: can the most responsible companies be more profitable? |
| title_full_unstemmed | The relationship of CSR and the business profit: can the most responsible companies be more profitable? |
| title_short | The relationship of CSR and the business profit: can the most responsible companies be more profitable? |
| title_sort | relationship of csr and the business profit can the most responsible companies be more profitable |
| topic | Responsabilidad Social Corporativa RSC ética sostenibilidad responsable rentabilidad medio ambiente ROA regresión lineal EBITDA. |
| url | http://faedpyme.ojs.upct.es/index.php/revista1/article/view/107 |
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