CSR: Ensuring Reputation and Financial Sustainability

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Sustainability and Finance".

Deadline for manuscript submissions: closed (30 June 2023) | Viewed by 6766

Special Issue Editors


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Guest Editor
Department of Management and Marketing, European University Cyprus, Nicosia 1516, Cyprus
Interests: critical theory; organization ethics; culture; political marketing; communication; politics; CSR; new media technologies
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
School of Business Administration, European University Cyprus, Nicosia 1516, Cyprus
Interests: the development of the sophistication scale; people portfolio matrix; knowledge adaptability matrix; knowledge management intelligent system; knowledge transfer model; performance measurement; strategic management; strategic agility; project management; velocity theory and real quality
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
School of Agriculture and Food Science, University of Peloponnese, 24100 Kalamata, Greece
Interests: the structural characteristics of the agricultural sector; assessing the policies and indexes of competitiveness of agricultural products; comparison between the Balkan countries
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Corporate social responsibility (CSR)—an indispensable part of business ethics and the spirit of law—has become a fundamental pillar in the current global environment. As CSR intensifies clients' loyalty, employee attraction and access to capital, organizations depend profoundly on the value of their reputation to secure financial sustainability, business connectedness and constructive relationships with their communities.

Within this context, the World Bank described how, “companies with social responsibilities always think about their impact on environment, communities, and stakeholder goals to achieve profit.”

This Special Issue on, “CSR: Ensuring Brand Reputation and Financial Sustainability”, will further contribute to prior research in the domain of companies’/organizations’ social accountability to themselves, their stakeholders and the public. The focal objective of the Special Issue is a knowledge transfer toward CSR spheres by adding new understanding into today’s global marketplace. Moreover, the aim of the Special Issue is to contribute to the epistemological literature by analyzing the impact of CSR on sustainable values in the context of a perpetual vicious circle of crises disturbing the world financial system.

Specifically, the authors should examine and critically analyze the extent to which CSR influences enterprises’/organizations’ financial sustainability and reputation outcomes as a result of connecting tangible and intangible assets with value.

The present Special Issue is a resourceful reference in that it explores the impact of CSR on financial sustainability and reputation brand value from the perspective of key theoretical and practical associations in an emerging epoch of everlasting crises. 

Prof. Dr. Kostas Gouliamos
Dr. Pieris Chourides
Dr. Dimitrios Petropoulos
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • financial sustainability
  • brand image
  • reputation value
  • financial value
  • financial performance
  • brand value
  • ethical standards
  • tangible and intangible assets
  • corporate social responsibility
  • economic crisis
  • competitiveness
  • performance Measurement

Published Papers (3 papers)

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Research

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18 pages, 664 KiB  
Article
Interplay between CSR and the Digitalisation of Bulgarian Financial Enterprises: HRM Approach and Pandemic Evidence
by Andrey Zahariev, Petya Ivanova, Galina Zaharieva, Krasimira Slaveva, Margarita Mihaylova and Tanya Todorova
J. Risk Financial Manag. 2023, 16(9), 385; https://doi.org/10.3390/jrfm16090385 - 28 Aug 2023
Cited by 3 | Viewed by 1279
Abstract
The study presents the economic, managerial, and societal perspectives on corporate social responsibility (CSR) as a basis for adding value to enterprises. It investigates the interplay between the digitalisation of activities and the management of Bulgarian financial enterprises, with a focus on HRM [...] Read more.
The study presents the economic, managerial, and societal perspectives on corporate social responsibility (CSR) as a basis for adding value to enterprises. It investigates the interplay between the digitalisation of activities and the management of Bulgarian financial enterprises, with a focus on HRM and CSR initiatives in a pandemic situation. The study tests the hypothesis that, in pandemic conditions, the CSR of Bulgarian financial enterprises is positively correlated with the digitalisation of general and human resource management. To assess the level of engagement of financial enterprises with CSR causes during the pandemic, the study employs a methodology comprising descriptive statistics and ordinal regression. The main conclusion, based on a nationally representative survey of Bulgarian financial enterprises, is that banks and insurers that heavily invest in digitalisation have demonstrated a higher level of commitment to CSR causes during the COVID-19 pandemic, while conservative and less digitally advanced financial enterprises have had limited CSR activity. By adopting fintech and insurtech solutions directed towards societal needs, market demands, and customer satisfaction, financial enterprises increase their efficiency. Our analysis confirms the interplay between the digitalisation of financial enterprises and support for CSR causes. Full article
(This article belongs to the Special Issue CSR: Ensuring Reputation and Financial Sustainability)
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24 pages, 4867 KiB  
Article
Integration of Digital Technologies in Corporate Social Responsibility (CSR) Activities: A Systematic Literature Review and Bibliometric Analysis
by Atanas Atanasov, Galina Chipriyanova and Radosveta Krasteva-Hristova
J. Risk Financial Manag. 2023, 16(8), 373; https://doi.org/10.3390/jrfm16080373 - 14 Aug 2023
Cited by 1 | Viewed by 2479
Abstract
Modern technologies require the need to analyze the opportunities for improving the integration of digital technologies in CSR activities in the context of added values between business and science in perspective, including the future digital society. The main goal of this article is [...] Read more.
Modern technologies require the need to analyze the opportunities for improving the integration of digital technologies in CSR activities in the context of added values between business and science in perspective, including the future digital society. The main goal of this article is to identify the current state of research on the integration of digital technologies in CSR activities in business, as well as to prepare recommendations for further research and practice. Additionally, the study aims to recognize the relationship and dependencies between CSR and digital technologies. A systematic literature review and bibliometric analysis of 129 scientific articles published between 2014 to 2023 was performed. The bibliometric analysis was organized in two directions: descriptive and performance analysis, through which we can study the contribution of the analyzed objects to the given scientific area, and science mapping, which studies the relationships among them. The results indicate that companies more frequently use artificial intelligence, blockchain, the Internet of Things and other technologies to increase the efficiency and impact of their CSR activities. In addition, this research reveals the basis of bringing forward the new trends for future publications, which shall upgrade and enrich the theory and practice. Full article
(This article belongs to the Special Issue CSR: Ensuring Reputation and Financial Sustainability)
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Review

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17 pages, 328 KiB  
Review
Managing Financial Performance toward Achievements in Sustainability Prospects: Comparative Analysis of the e-Commerce and Hospitality Industries
by Gabrijela Velickovic, Jelena Stanojevic and Milan Veselinovic
J. Risk Financial Manag. 2023, 16(9), 395; https://doi.org/10.3390/jrfm16090395 - 05 Sep 2023
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Abstract
The recent pandemic has been identified as a driver of one of the most severe socio-economic crises over the last few decades. While some sectors have experienced an expansion, others have struggled with a changed business environment. The aim of this research is [...] Read more.
The recent pandemic has been identified as a driver of one of the most severe socio-economic crises over the last few decades. While some sectors have experienced an expansion, others have struggled with a changed business environment. The aim of this research is to simultaneously examine the financial performance and sustainability of the e-commerce and hospitality industries, applying asset and debt ratio analysis to the top five companies in the world from each sector in the time period from 2017 to 2022. The results indicate that the assessed companies demonstrated the ability to successfully manage some of their assets. The debt ratio analysis implies that the assessed companies in the hotel industry have reshaped their capital structure, increasing their reliance on debt in 2020 and 2021 to finance their assets. On the contrary, the selected e-commerce companies were found on average to rely less on debt to finance assets. In accordance with expectations, the differences across the examined sectors and companies that have been observed are mostly in regard to the lower scale of utilization of fixed assets to generate turnover, and in terms of the increased share of debts used to finance assets in the hotel industry, which was among the first and hardest hit by the pandemic. Consequently, the study allows policy makers to identify distinctive strategies for each area of economic activity. Full article
(This article belongs to the Special Issue CSR: Ensuring Reputation and Financial Sustainability)
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