Title: Corporate social responsibility in Romania: trends, drivers, challenges and opportunities

Authors: Carmen Stoian, Rodica Milena Zaharia

Addresses: Kent Business School, University of Kent, Canterbury CT2 7PE, UK. ' Faculty of International Business and Economics, Academy of Economic Studies, Bucharest 010404, Romania

Abstract: Awareness of corporate social responsibility (CSR) practices is relatively new in emerging markets such as Romania. However, with the intensifying integration of markets and the increasing investment from multinational companies, supply of and demand for corporate socially responsible behaviour are increasing in these economies. We aim to investigate the trends, drivers, challenges and opportunities of implementing a corporate social responsible behaviour in Romania. We use qualitative analysis based on company case studies and an extensive research of policy documents and newspaper articles. We find that CSR behaviour is driven both by multinationals and local companies, with civil society and legislation playing an increasing role in Romania at present.

Keywords: business research; corporate social responsibility; CSR; emerging markets; Romania; stakeholders; transition economies.

DOI: 10.1504/IJEBR.2009.024685

International Journal of Economics and Business Research, 2009 Vol.1 No.4, pp.422 - 437

Published online: 15 Apr 2009 *

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