Corporate responsibility: a tradition o f commitment

Masters
Essay
Finance & Accounting
Pages 15 (3765 words)
Download 0
1 Below are the tables comparing the possibilities of the effects of Corporate Social Responsibility on the Corporate Financial Performance of UK companies. Fifteen (15) companies from each of two sectors, namely the pharmaceuticals and telecommunications are analysed to detect: (i) the positive link between CSR and CFP; (ii) the possibility of no apparent link between CSR and CFP; (iii) the negative link between CSR and CFP…

Introduction

These activities are likely to encourage more patronage of Glaxo’s products; hence, leading to a better financial performance (GlaxoSmithKline, 2011) There are no direct statistical representations of how GlaxoSmithKline’s great Corporate Social Responsibility has actually affected its Corporate Financial Performance. However, the inference is that sticking to ethical conduct may have helped GlaxoSmithKline to gain positively from their CSR policies (GlaxoSmithKline, 2011) Apparently, there are no negative links between GlaxoSmithKline’s CSR policies and the company’s overall Corporate Financial Performance Merck & Co It is believed that highly organized and effective CSR will definitely produce a positive link with a company’s CFP (Carroll & Buchholtz, 2011). Merck operates transparently, monitors its corporate activities against the environment and involves in community building (Merck & Co, 2011) There are no statistical or documented evidence that there is no direct link with Merck & Co’s CSR and CFP There is no possibility of negative link between CSR and CFP for Merck & Co. ...
Download paper
Not exactly what you need?

Related papers

Corporate Social Responsibility and Disclosure
The abstract summarises in a very few words the contents of the paper. It is well written and divulges important and necessary information that is important from a reader’s perspective to decide whether the paper is of his/her interest or not. In the introduction, the author does a good job introducing the research topic and the reason behind choosing this topic. The introduction clearly states…
Corporate social responsibility
al, 2005). Activities of Corporately Socially Responsible (CSR) Firms: Coca cola international claims itself as a socially responsible multinational firm. It is currently operating in dozens of countries while honoring its commitment of being CSR efficient. As a sure sign of success not only has it been able to capture and sustain a remarkable 49% of market share in beverage market around the…
Corporate social responsibility reporting
CSER also commonly plays a central role in presenting a good picture of corporate accountability. For a long time now, CSER has been used as the best tool to encourage corporate strategies, policies and management decisions aimed at minimization of adverse environmental impacts of companies’ operations (UNEP, 1998). Since the development of the practices of corporate social environmental…
Corporate Social Responsibility
Corporate Social Responsibility reporting usually brings company graph higher which encourages more stakeholders, shareholders and investors. Many researches reveal the fact that through communicating CSR reports whether internally or externally, the ultimate benefit goes to the corporation. CSR reporting is usually related with positive virtues of the corporations which confirms that corporation…
Corporate Social Responsibility (CSR)
There are various potential conflicts in the method of preparing documents and construction of strong approach and business activities. Corporate Responsibility is just a relative approach and has an objective basis, which is also known as unsustainable development methodology (Aras, Aybars and Kutlu, 2010). It is also considered as a radical managerial approach. The various other CSR theories…
Corporate social responsibility
The research using accounting theories in this context will focus on the primary stakeholders without whom the company cannot survive. Studies on secondary stakeholders or non-economic shareholders, that is the ones who affect or influence, affected, or influenced, yet are not involved in transactions with a company are not very significant to its survival. According to research, while a number of…
corporate social responsibility
CSR Theories Corporate social responsibility reflects the responsibilities that firm have towards stakeholders and society. Corporations are often encountered with business choices that create a dilemma between their objective of maximizing profits and ethics. There are a few theories of CSR that provide the foundation to the CSR model for the implementation of the process. Political theory…