Consequently, companies started to think of how they could improve their image, even their way of doing business and started to engage in Corporate Social Responsibility (CSR).
The purpose of this thesis is to understand why companies decide to engage in CSR and if CSR policies have impacts on firms’ financial performance.
More prospective is needed to be definite in the answer.
First, it validates a new Sensitivity to Employer Social Responsibility Scale, used to help understand how undergraduate students perceive their values related to corporate social responsibility (CSR) impact their prospective employment decisions.
Society is feeling more and more concerned about the environment and social issues caused, among other things, by relocation and environmental dumping.
Globalization has actually raised some ethical issues which peak levels were attained, socially speaking, when apparel companies were denunciated for using sweatshops in developing countries, and environmentally speaking, with Shell’s Brent Spar platform scandal.Stakeholders have quite an influence on the process, but the main factor of success is the commitment of top management and the integration of CSR in corporate culture.Quantitative results are more mitigated and it cannot be clearly said that CSR favours or not financial performance.Furthermore, taking a college social justice course, participating in extracurricular volunteering, having a greater commitment to social justice, greater social justice self-efficacy and greater plans for future involvement in their communities were all associated with a greater degree of sensitivity to prospective employer CSR.Lastly, both commitment to social justice and civic action mediate the relationship between taking a social justice course and extracurricular volunteering, and students’ sensitivity to prospective employer CSR.Findings inform both the corporate sector as well as college students and universities.It has been said that companies have a corporate social responsibility, that is that they are “accountable for any of its actions that affect people, their communities and environment”.The government has its own budget for regeneration, yet it is not normally enough on it’s own.Through incentives such as a reduction in business tax, provision of land and infrastructure they encourage businesses to set up in these declining areas.If events continued in this fashion the area could see itself out of an economic decline, attracting people from outside of the area to spend within it.Benefits from this can be an even further improved infrastructure, public services and an increase in house prices.