Optimizing Corporate Social Resposibility for Enhanced Economic Resilience: An Accounting Perpective
DOI:
https://doi.org/10.70550/bisma.v1i3.60Keywords:
Community Development, Coastal Economic Resilience, Enviromental CSR, Financial Transparency, SustainabilityAbstract
Environmental CSR plays an urgent role in supporting the economic resilience of coastal communities, where livelihoods are deeply intertwined with natural resources. However, the full potential of CSR in these regions has not yet been optimised due to challenges in both environmental management and financial transparency. Coastal communities remain vulnerable to economic fluctuations, making it essential to understand how CSR initiatives can enhance long-term stability. This paper examines the theoretical model of Environmental CSR and financial transparency, exploring how these factors can strengthen the economic resilience of coastal communities. By integrating environmental conservation efforts with transparent financial reporting, CSR can empower communities to manage their resources sustainably and reduce dependency on external forces.
This study is one of the few addressing CSR's role in coastal regions, particularly in the context of environmental sustainability and financial management. The findings are expected to provide valuable insights for both academic research and practical policy-making, offering a framework for enhancing CSR effectiveness in vulnerable areas. Ultimately, this research aims to contribute to sustainable economic development and community resilience, with a specific focus on coastal regions.
Downloads
References
Ásványi, K., & Zsóka, Á. (2021). Corporate Social Responsibility and Sustainable Business Development. Journal of Business Ethics, 172(1), 15-30. https://doi.org/10.1007/s10551-020-04530-8
Bansal, P., & Roth, K. (2000). Why Companies Go Green: A Model of Ecological Responsiveness. Academy of Management Journal, 43(4), 717-736. https://doi.org/10.5465/1556363
Bhale, A., & Bhāle, S. (2017). Sustainable Growth through CSR: An Indian Perspective. International Journal of Business and Management, 12(6), 45-57. https://doi.org/10.5539/ijbm.v12n6p45
Carroll, A. B. (1991). The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders. Business Horizons, 34(4), 39-48. https://doi.org/10.1016/0007-6813(91)90005-G
Chen, Y., Nie, Y., & Zhao, L. (2023). Organizational Resilience and CSR: How Social Responsibility Shapes Recovery from Economic Crises. Management Science, 69(2), 201-220.
Elkington, J. (1997). Cannibals with Forks: The Triple Bottom Line of 21st Century Business. Capstone Publishing.
Kitada, M., & Bhirugnath-Bhookhun, M. (2019). Empowering Women in Maritime: Creating Social Participation through CSR. Journal of Maritime Affairs, 18(3), 235-251.
Porter, M. E., & Kramer, M. R. (2006). Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility. Harvard Business Review, 84(12), 78-92.
Said, R., Yusoff, H., & Mohammad, J. (2022). Integrating CSR with Business Activities: An Accounting Perspective. Journal of Corporate Responsibility and Leadership, 9(4), 311-328.
Su-lan, C., Li, X., & Zhang, P. (2020). Corporate Social Responsibility and Economic Resilience: A Case Study in Coastal Regions. Journal of Environmental Economics, 22(1), 65-78.
Wang, H., Tong, L., Takeuchi, R., & George, G. (2020). Corporate Social Responsibility: An Overview and New Research Directions. Academy of Management Journal, 60(1), 534-570.
Wood, D. J. (2010). Measuring Corporate Social Performance: A Review. International Journal of Management Reviews, 12(1), 50-84. https://doi.org/10.1111/j.1468-2370.2009.00274.x
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Business, Management & Accounting Journal (BISMA)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
How to Cite
