Why has Corporate Social Responsibility become such a prominent part of the business world today? It is widely believed that Corporate Social Responsibility (CSR) is one of the most important tasks in the twenty century. Some people may consider that companies have always been the profit organizations‚ and social affairs are in charge by the government‚ which is a common sense that there are no directly relationships between each other. However‚ CSR is considered one of the key elements to sustain
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impact of corporate social responsibility on Nigerian society: The examples of banking and communication industries Adeyanju‚ Olanrewaju David Department of Financial Studies Redeemer’s University‚ km 46‚ Lagos Ibadan Expressway Mowe‚ Ogun State E-mail: davfol@yahoo.com‚ Tel No.: 07037794073 Accepted 30 January‚ 2012 In the Nigerian society‚ Corporate Social Responsibilities [CSR] has been a highly cotemporary and contextual issue to all stakeholders including the government‚ the corporate organization
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1. 0 Introduction This literature review examines and discusses the relationship between corporate social responsibility (CSR) and financial performance of firms in emerging markets through analysis made in relation to developing countries especially Malaysia‚ Indonesia‚ Turkey‚ Dubai‚ China and Brazil. Most of the studies examining the financial performance case for CSR show a positive association between CSR practices and financial performance (63 percent) whilst 15 percent present
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Can we rely on corporate social responsibility as a solution to poor corporate practices? The phrase Corporate Social Responsibility was coined in 1953 with the publication of Bowen’s ’Social Responsibility of Businessmen’‚ which posed the question ’what responsibilities to society can business people be reasonably expected to assume? (Bowen‚ 1953) At the most basic level‚ CSR is about a business taking responsibility for the economic‚ social‚ ethical and environmental impact of its activities (Harrison
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Tim Hortons Corporate Social Responsibility Corporate Social Responsibility (CSR) is a process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment‚ consumers‚ employees‚ communities and stakeholders. Tim Hortons understands well this concept and the importance of corporate social responsibility. Making a True Difference is the way Tim Hortons defines sustainability and responsibility and the overarching framework
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2.0 CORPORATE SOCIAL RESPONSIBILITY (CSR) The corporate social responsibility is an activity where it has been involved by almost all of the company in the world. However‚ normally it would be the big companies which will engage more in these corporate responsibility activities. According to Lord Holme and Richard Watts (2010)‚ Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of
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CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE OF ADVERTISING AGENCIES An Exploratory Analysis of Six Holding Companies’ Annual Reports David S. Waller and Roman Lanis ABSTRACT: The corporate annual report has become more than a mandatory financial report for public companies‚ with many companies also using it as an important marketing tool. As corporate social responsibility (CSR) is an issue of growing interest in the business world‚ many publicly listed companies‚ including advertising agencies
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Corporate social responsibility in the supply chain 1. Problem Despite the long history of CSR‚ applications of CSR (and sustainability) concepts to supply chains have started to emerge in the last years. Sustainable ‘Supply Chain Management’ is defined as the management of supply chains where all the three dimensions of sustainability namely the economic‚ the environmental‚ and the social ones‚ are taken into account. When sustainable Supply Chain Management principles are adopted‚ companies are
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References: Liu‚ J. H (1999). Press of Law‚ Corporate Social Responsibility (p2). Liu‚ L.Y (1999) Liu‚ J. H (1999). Press of Law‚ Corporate Social Responsibility (p6). Lu‚ D.F (2002) . Press of Law ‚Economics and Legal Analysis on CSR (p96). Lu‚ D Stephen P.R‚ David A. D‚ & Mary‚ C (2012) . Fundamental of Management(8th Ed) ‚ Essential Concepts and
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www.thetimes100.co.uk Business ethics and corporate social responsibility Introduction Anglo American is one of the world’s leading mining companies. It is a UK public limited company and operates on a global scale. Anglo American operates mainly in the primary sector of the world economy. This‚ as the name suggests‚ covers industries involved in the first stage of economic activity‚ such as mining and agriculture. Anglo American operates throughout the world. It has extensive operations in
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