Academia de Studii Economice Bucuresti

Amfiteatru Economic
AN ECONOMIC AND BUSINESS RESEARCH PERIODICAL
Facultatea de Business si Turism

Analysis of Congruency Effects of Corporate Responsibility Code Implementation on Corporate Sustainability in Bio-Economy

Author:Nicoleta Cristache, Marian Năstase, Radu Petrariu and Margareta Florescu

JEL:M14, Q56.

DOI:10.24818/EA/2019/52/536

Keywords:corporate responsibility code, bio-economy, congruency effect, sustainability.

Abstract:
The present study attempts at providing an overview of the congruency effect of social reporting on corporate sustainability in bio-economy. The paper was structured to identify the main congruency forces that can constitute both the strategic and operational dimensions linked to the implementation of a corporate responsibility code within companies from the bio-economy sector. Research has shown that the congruency effect is stronger when companies report a greater tendency towards social reporting and pay more attention to the relationships with stakeholders. Moreover, the results of the study aimed to shed a new light on the role of a company’s social identity both in its internal process and in consolidating its position in the market by using CSR reporting elements.
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