Crisis and Corporate Social Responsibility: Threat or Opportunity?

International Journal of Economic Sciences and Applied Research, Vol. 2, No. 1, 2009

15 Pages Posted: 17 Dec 2009  

Date Written: June 2009

Abstract

The objective of this paper is to reflect on the consequences of the current economic and financial crisis on Corporate Social Responsibility (CSR), a concept of great importance nowadays. The core approach is the possible link between CSR and the crisis, if both elements can be combined. After an introduction to the current economic and financial situation, some conceptualizations about CSR are made to clarify the perspective used for this complex and incompletely defined concept. The last part of the paper presents an approach to the combination of both concepts, concluding with the idea that CSR in crisis periods can be converted from being a threat to an opportunity.

Keywords: crisis, corporate social responsibility, business ethics

JEL Classification: M1, M14, M21

Suggested Citation

Fernández-Feijóo Souto, Dra. Belén, Crisis and Corporate Social Responsibility: Threat or Opportunity? (June 2009). International Journal of Economic Sciences and Applied Research, Vol. 2, No. 1, 2009. Available at SSRN: https://ssrn.com/abstract=1517744

Dra. Belén Fernández-Feijóo Souto (Contact Author)

University of Vigo ( email )

E.U. de Enx. Técn. Industrial.
Vigo, Pontevedra E-36200
Spain

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