Cross-Country Study of Corporate Social Responsibility and Sustainable Development in Various Industries
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Date
2023
Authors
Stojanović, Anđelka
Milošević, Isidora
Arsić, Sanela
Mihajlović, Ivan
Journal Title
Journal ISSN
Volume Title
Publisher
Taylor and Francis, United Kingdom
Source
Engineering Management Journal
Volume
36
Issue
3
Abstract
There is a wide spectrum of industries and company-level features that influence the application of Corporate Social Responsibility to improve the business’s sustainability. This study aims to examine the understanding of the Corporate Social Responsibility concept and the impact of its implementation on sustainability in companies. Therefore, the research proposed and tested two scenarios where five industries sectors were ranked according to the importance (scenario 1) and implementation (scenario 2) of Corporate Social Responsibility activities. The integrated Entropy-TOSIS method to obtain results was employed. The research data were obtained from interviewing employees from Serbia, Russia, and Bulgaria working in various industries. The findings of this study revealed certain differences in perception and implementation of Corporate Social Responsibility depending on the country where the concept is applied as well as among the industries with their specific needs for sustainable development goals achieving. This research can be useful for engineering managers as a roadmap for reaching sustainable business while fulfilling economic, social, and environmental norms as well as stakeholder expectations.
Description
Keywords
Corporate Social Responsibility, Sustainability, Industries, Cross-Country Study
Citation
DOI
10.1080/10429247.2023.2264156
Scopus
ISSN
1042-9247
2377-0643
2377-0643
ISBN
License
ARR