StudentShare solutions
Triangle menu

Risk management - Research Paper Example

Nobody downloaded yet
Demand for transparency has increased and expectations are rising for companies to evaluate report and improve their environmental, social, and economic performance. Corporate Social Responsibility (CSR) does not have intricate definition. According to McWilliams and Siegel (2001) “actions that appear to further some social good, beyond the interest of the firm and that which is required by law” (McWilliams and Siegel, 2001, p. 117). CSR is more than compliance with the law. Frooman (1997) exemplifies CSR as “An action by a firm, which the firm chooses to take, that substantially affects an identifiable social stakeholder’s welfare” (Frooman, 1997 p.227). In the light of these definitions, CSR can be viewed as a comprehensive set of rules, practices, programs, and policies that are incorporated into supply chain, business operations, and decision-making processes of the company. CSR usually include community investment, business ethics, governance, environmental concerns, human rights, workplace, as well as the market place. When it comes to Business performance, this is an area where companies pay great deal of attention since it provides integral information about the success and position of the company as well as development and future standpoint. All business operations, in one way or other, revolve around the targeted goal of an organization that is contributing to the success of the business. Business performance provides a neutral description of the efficiency and effectiveness of the company’s action. It can be characterized with attributes such as poor or well. Business performance is considered as vital area of interest for the top management of firm. Several elements contribute to the success or failure of the company. CSR is one such variable that contributes to the well-being, reputation, and financial performance of the company. This paper seeks to investigate the impact of CSR practices on firm’s performance. A critical analysis of prior literature conducted in the same field will be provided in order to evaluate the causal relationship between the two variables. Impact of Corporate Social Responsibility (CSR) on Financial Performance Ways in which companies implement practices of corporate social responsibility differs from one another. These differences are based on factors such as respective industry involved, size of company, demands of stakeholders, business culture of the firm, and historical progress of company while dealing with CSR. Numbers of studies have been conducted in order to test the relationship between ethical and social performance of corporation and its impact on financial performance. Erhemjamts, Li, and Venkateswaran, (2012) conducted a study to investigate the determinants of CSR and its implications on the organizational strategy, investment policy, and performance of the business. Erhemjamts, Li, and Venkateswaran, (2012) found that firms having higher R&D intensity, better performance and financial health are more likely to engage in Corporate Social Responsibilities (CSR) activities, whereas riskers firms are less likely to involve in such activities (Erhemjamts, Li, and Venkateswaran, 2012). Stanwick, and Stanwick, (1998) conducted a study to investigate the relationship between corporate social responsibility of a business with financial perform ...Show more
Cite this document
  • APA
  • MLA
(“Risk management Research Paper Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from
(Risk Management Research Paper Example | Topics and Well Written Essays - 2000 Words)
“Risk Management Research Paper Example | Topics and Well Written Essays - 2000 Words”, n.d.
  • Cited: 0 times


Date: Impact of Corporate Governance and Ethics on Firm’s Financial Performance Introduction The concern of corporate governance and ethics has increased exponentially among researchers in the past decade. More than fifty percent of companies included in Fortune 1000 publish corporate social responsibility reports…
Risk management
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Risk management"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Risk Management
The manner in which an organization responds to possible risks could determine whether a business succeeds or fails. Risk management is, therefore, a very important undertaking for any business that seeks to grow and avoid major crises in the future. Essentially, this paper aims to discuss various types of risks, identify the goals of risk management, analyze the risk identification process and finally, discuss the various strategies for managing risk.
7 pages (1750 words) Research Paper
Risk Management Process
Risk management activities in project life cycle are also identified. Potential risks to project management are also outlined. Risk Management Process Risk management is a managerial process of identifying, measuring and ensuring that uncertain events which will affect resources are minimized and avoided.
3 pages (750 words) Research Paper
Risk Management
The current data based on losses caused by employee theft amount to 75 percent of any of the above businesses in their annual earnings (Ramsey and Ramsey 44). Cash drawers are risky ways of storing a business’ finances especially in places where the allocated place for drawer is accessible by multiple workers.
4 pages (1000 words) Research Paper
Risk Management
This paper aptly discusses and describes the risk management issue at a large teaching hospital, identifies the steps taken to address the issue, discusses how the organization is determined to solve the problem. Furthermore, this article identifies other facilities that have are adopted three sources in addressing the same problem and describes the comparison of the research and the process being developed at the organization.
6 pages (1500 words) Research Paper
Risk Management / Organisational Risk
7-Eleven is headquartered in Dallas, Texas and it has various subsidiaries in different locations which are operated by in excess of 45,000 of its employees. The organisation is further recognised as one of the
13 pages (3250 words) Research Paper
Risk management
This case is about psychiatric emergencies, where care providers have to deal with crises relating to patient behavior. In this instance the emergency is of the nature that is non-medical. It is psychiatric, and the goal is to be able to up the
13 pages (3250 words) Research Paper
Mining Site Risk Management
Risk management systems are important to organizations in that they make them aware of what certain risks are capable of doing to them, and by identifying such, give them the advantage of being ready for them in case they materialize. Concisely, risk management systems are meant to identify potential risks.
8 pages (2000 words) Research Paper
Risk Management Program
The various stages of risk management together with the factors influencing the company’s practices, including environmental, financial and
8 pages (2000 words) Research Paper
Risk management
Nonetheless, the happening of a crisis is not limited to just one industry, as multiple industries bear the risk of encountering several types of crisis. Corporate crises for
14 pages (3500 words) Research Paper
Risk Management
Financial risk management comes within various financial functions of an organization and is an indication of changing nature of this
10 pages (2500 words) Research Paper
Comments (0)
Click to create a comment
Let us find you another Research Paper on topic Risk management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us