Title: Exploring the impact of corporate social responsibility and human resource accounting on a socio-economic environment

Authors: Oluwatoyin Esther Akinbowale; Heinz Eckart Klingelhöfer; Mulatu Fekadu Zerihun

Addresses: Faculty of Economics and Finance, Tshwane University of Technology (TUT), South Africa ' Faculty of Economics and Finance, Tshwane University of Technology (TUT), South Africa ' Faculty of Economics and Finance, Tshwane University of Technology (TUT), South Africa

Abstract: Corporate social responsibility (CSR) and human resource accounting (HRA) are concepts that facilitate an improved socio-economic environment. An active corporate social responsibility can promote the reputation of an organisation alongside with other significant benefits such as improvement in the management of human resources, effective risk mitigation and management measures, robust customer relationship with sound innovations. In respect of the aforementioned, this study seeks to explore some significant impact of corporate social responsibility and human resource accounting on the socio-economic environment. It uses a linear programming approach to expound the relationship that exists between the variables under consideration and to explain the possible outcome of the integration of CSR and HRA in relation to their impact on the socio-economic environment. The study finds that CSR and HRA have common features: cost and assets. HRA strictly recognises the cost of human assets like employee training to meet environmental, technological, and socio-economic current demands. Based on the findings of this study, the integrated view of HRA and CSR is recommended. Depending on the organisation's cost structure, its implementation may help to enhance the socio-economic environment, and to minimise the problem of resource mismanagement in the organisation.

Keywords: corporate social responsibility; CSR; human resource accounting; HRA; linear programming; socio-economic environment; social cost.

DOI: 10.1504/IJBCRM.2022.124836

International Journal of Business Continuity and Risk Management, 2022 Vol.12 No.2, pp.131 - 153

Received: 30 Apr 2020
Accepted: 29 Nov 2020
Published online: 11 Aug 2022 *

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