Nobody downloaded yet

Corporate Social Responsibility Reports - Essay Example

Comments (0) Cite this document
Summary
This essay discusses the relationship the corporate social responsibility report has with all its stakeholders like employees, communities, customers, suppliers, governments, and environment and whether it provides the shareholders and all the stakeholders with useful information…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.9% of users find it useful
Corporate Social Responsibility Reports
Read TextPreview

Extract of sample "Corporate Social Responsibility Reports"

Download file to see previous pages The essay "Corporate Social Responsibility Reports" discusses the relationship the corporate social responsibility report has with all its stakeholders like employees, communities, customers, suppliers, governments, and environment and whether it provides the shareholders and all the stakeholders with useful information. The readers of a CSR report expect that the company should go beyond simple community affairs in their report. Companies which are new to this CSR reporting may confine the CSR reports to reporting only the charitable giving and the volunteer programs. Corporations are now increasingly expected to issue the CSR report to their stakeholders. A CSR report which focuses only on the community is too narrow to be considered as a comprehensive reporting on their commitments to the community through the CSR report. Such Community affairs reports may be useful for the local communities which want to understand how the firms support their causes. But they fail to provide the others with substantive information which is necessary to assess the strengths and the weakness of a corporation to all its stakeholders. There are many accounting theories in this respect. The Stakeholder theory implies that a business has to interact with a number of parties in the environment. These groups or actors are known as the stakeholders. They can be investors, customers, political groups, employees, communities, trade associations, governments, suppliers etc. The communication between them is bidirectional in nature. (Deegan and Rankin, 1996, pp. 50-69). It means that the business influences the stakeholders while the stakeholders also influence the business at the same time. Figure 1: Directions of influence between the business and the stakeholders Stake in a business is defined as the potential benefit which a company provides to the stakeholders. Business has to consider many people, groups or anyone who have interest in the business. This theory can be viewed as instrumental, descriptive or normative. Presence of any relationship between the stakeholders and the profitability denotes the instrumental nature of the theory (Hooghiemstra, 2000, pp. 55-68). Explanation of the past, present and future of the business and the stakeholders denotes the descriptive nature of the theory. Presenting the function of the business through codes of conduct denotes the normative perspective. According to several studies, it is unethical to focus only on the intent of the shareowners and not on the interest of the customers and employers. The central idea of this theory is that it is not only the shareowners but also the interest of cast set of stakeholders which needs to be satisfied by the managers. According to this theory, there is more than just profit maximizing ability of the firm (Mahoney, Thorne, Cecil and LaGore, 2013, pp. 350-359). The firm needs ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Social Responsibility Reports Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Corporate Social Responsibility Reports Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/finance-accounting/1497675-do-corporate-social-responsibility-csr-reports
(Corporate Social Responsibility Reports Essay Example | Topics and Well Written Essays - 1500 Words)
Corporate Social Responsibility Reports Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/finance-accounting/1497675-do-corporate-social-responsibility-csr-reports.
“Corporate Social Responsibility Reports Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/finance-accounting/1497675-do-corporate-social-responsibility-csr-reports.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate Social Responsibility Reports

Corporate Social Responsibility

.... The Relationship between Corporate Social Responsibility and Shareholder Value: An Empirical Test of the Risk Management Hypothesis. Strategic Management Journal, Vol. 30, 425-445. Norwegian Ministry of Foreign Affairs, 2009. Corporate Social Responsibility in a Global Economy. Report No. 10 (2008–2009) to the Storting. [Online] Available at: http://www.regjeringen.no/pages/2203320/PDFS/STM200820090010000EN_PDFS.pdf [Accessed April 28, 2012]. Reset, No Date. The Societal Responsibility of Companies. Corporate Social Responsibility (CSR). [Online]...
9 Pages(2250 words)Essay

Corporate Social Responsibility Practices

...?Corporate Social Responsibility Practices Introduction The main objective of an organisation is maximisation of shareholder’s wealth and profit. However, the focus of the management of the company is towards fulfilment of customer expectations and creation of shareholders value. The adverse effects of business activities on the environment and community have led to the development of corporate social responsibility (CSR). CSR has become a means of sustainability for most of the organisations. This has led to the development of the entire organisation. The main objective of the study would be to evaluate the concepts of CSR and its impact on the society and community. The concept of CSR assists the management in revenue generation... in an...
9 Pages(2250 words)Essay

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci

...? CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility Introduction Yes! The CRS report serves as a very important factor of informing the shareholders and stakeholders as well as communicating to the public on the environmental and social responsibility performance of a company. An organization maintains its public image through corporate social responsibility activities. This paper will support this argument by looking at the role of the CRS reports to the shareholders and stakeholders of an organization....
6 Pages(1500 words)Essay

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci

...? Corporate Social Responsibilities Introduction In the present scenario, a large number of companies all over the world are voluntarily performing corporate social responsibilities. The corporate social responsibility (CSR) reporting has become very important with the increase of the public interest in the CSR activities performed by the organizations. It is a known fact that the companies create various social problems such as, resource depletion and pollution, which negatively impacts the society as well as the environment (Moir, 2001). The increasing...
6 Pages(1500 words)Essay

Corporate Social Responsibility Reports

...? CORPORATE SOCIAL RESPONSIBILITY REPORTS Discussion Introduction Corporate social responsibility is a commonnotion adopted in business models that alludes to some form of self-regulation by corporate systems. It is a system which is built in and self regulating through which businesses ensures frequent evaluation to ensure that it fully complies with the law, international norms as well as ethical standards (Moir, 2001, pp. 1-4). Nevertheless, though guided by the CSR, business firms are profit driven and as such would overlook the self-regulation by CSR for the sake of profit maximisation...
7 Pages(1750 words)Essay

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci

...debiting and crediting financials. With the current business trends, accounting as profession has shifted from just an ordinary financial profession to numerous environmental researches and an accountability when it comes to the contribution of social environmental factors. Therefore thin paper is trying to find out as to whether, Thesis: corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate social and environmental performance. Having been clarified into different segments, financial managerial and costing that are familiar to most people, must relate to...
6 Pages(1500 words)Essay

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci

...? Corporate Social Responsibility Reporting Corporate Social Responsibility Reporting Over the past a couple of decades, the number of companies preparing CSR in their reporting has been growing rapidly. There are a couple key reasons behind the reporting. Some of the companies prepare the reports to meet their stakeholders’ needs (Moir, 2001). Other key reasons behind the reporting are the legislative purposes, as well as, developing the brand names. For many years, companies observed environmental reporting for...
5 Pages(1250 words)Essay

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci

...? Corporate Social Responsibility & its Relevance Today of Introduction The case of corporate social responsibility has emerged as a crucial factor for firms all across the globe and gained increasing importance over the past decade. Most firms are now absorbing the cause of social responsibility either voluntarily or as a part of their strategic goals. In other cases, most firms also publish their attempts in social responsibility and CSR activities as a part of their annual publications like the annual reports. The gaining momentum of CSR activities is...
6 Pages(1500 words)Essay

Corporate Ethics & Corporate Social Responsibility

...Introduction: Corporate Social Responsibility (CSR) and Corporate Ethics have become buzzwords in the world of business today. Rapidly increasing globalization and corporate size has also raised concerns about the consequences of corporate policies and actions. More there is a growing hands off policies or in other words, the policy of deregulation, by governments in many parts of the world. This is especially true for the United Kingdom. Traditionally, government control over the education system was considered to be essential. But the policy of the government to increase private participating in the education sector has set off a controversy with some sections of the society welcoming it while others have raised concerns over... it. This...
14 Pages(3500 words)Essay

Corporate social responsibility

...: Harper & Brothers. 3. Charkham, J. (1992) Corporate Governance Lessons From Abroad, European Business Journal, Vol. 4, no. 2, pp. 8-16. 4. Clutterback, D. (1998) Corporate responsibility audit, in V. Ambrosini with G. Johnson and K. Scholes (eds.) Exploring techniques of analysis and evaluation in strategic management, Prentice-Hall. 5. Davis, K. and Fredrick, William C. (1984) Business and society, 5th ed. New York, McGraw-Hill Book Company, p. 564. 6. Drucker, P. (1974) Management: Tasks, responsibilities, practices, Harper and Row: New York. 7. Paluszek, John L. (1976) Business and society: 1976-2000 New York: AMACON IN George A. Steiner, John B. Miner and Edmund R....
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Corporate Social Responsibility Reports for FREE!

Contact Us