Factors Affecting COVID 19 - related CSR Activities of Slovak Companies

Kozáková, Jana

doi:10.1051/shsconf/202112907002

Cited by 2 publications

(2 citation statements)

References 22 publications

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“…MNCs were practically the first to apply the concept of CSR as a practical tool in conditions of Slovakia. The CSR concept was practically unknown in here until then (Kozakova, 2021). However, it is necessary to point out that the implementation of socially responsible activities after 1990 was not new.…”

Section: Corporate Social Responsibility In Slovakia (Jana Kozáková)mentioning

confidence: 99%

Corporate Social Responsibility in Business Practice of the Visegrad Region (Czechia, Poland, Slovakia)

2023

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Dear Reader, Corporate Social Responsibility (CSR) has become increasingly important in the business world, and this monograph explores its significance in the Visegrad region (Czechia, Poland, Slovakia). By going beyond legal requirements, businesses can address social, environmental, and ethical concerns, building trust and enhane own reputation. Efforts of businesses are reflected not only in their outcomes but also contribute to the collective endeavour to build a 21st century society. In this endeavour, not only individuals, irrespective of their origin and nationality, but also business entities have an indispensable role as good citizens who contribute to the public welfare. These entities utilize factors, of production including the human factor, and therefore have a social responsibility not only towards their shareholders who provided capital but also towards all other stakeholders who are affected by their activities, whether positively or negatively. As a result, business entities have an irreplaceable position in building a prosperous society. The obligation to contribute to this development is voluntary and not mandated by legislation, but the activities associated with it incur costs not solely for the companies. It has been repeatedly confirmed that implementing responsible activities aimed at promoting the common good brings numerous positive effects on businesses, reflected in cost savings, improved market share, brand building, and increased attractiveness to investors. Therefore, the implementation of socially responsible activities holds an indispensable place in the management of modern enterprises. Number, character, and focus of these activities may vary across businesses, but in general, they can be observed based on the Triple Bottom Line approach, encompassing social, economic, and environmental dimensions. Recently, these corporate activities have attracted the attention of policymakers, and at the European Commission level, centralized efforts are being made to introduce mandatory reporting of these activities, which will gradually come into effect for different size categories of businesses. Furthermore, just like other aspects of everyday life and business, the field of corporate social responsibility has been significantly influenced by global crises, starting with the COVID-19 pandemic, followed by military conflict in Ukraine, and the ensuing energy crisis. This scientific monograph maps the socially responsible activities of business entities in the Visegrad region, specifically in the Czech Republic, Poland, and Slovakia. It examines their implementation and readiness of companies for mandatory reporting of CSR activities, while describing socially responsible initiatives taken by businesses to contribute to alleviatiang global crises.This scientific monograph was created within the Visegrad Fund project titled "Corporate Social Responsibility in Business Practice of the Visegrad Region" (Visegrad grand no. 22220149). The project receives co-financing from the Governments of Cz...

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Section: Corporate Social Responsibility In Slovakia (Jana Kozáková)mentioning

confidence: 99%

Corporate Social Responsibility in Business Practice of the Visegrad Region (Czechia, Poland, Slovakia)

2023

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“…The rationale behind this selection was that foreign multinationals have been pioneers and leaders in implementing innovative management practices in transforming economies, including Slovakia. Concepts of corporate social responsibility (CSR) and business ethics were introduced into the Slovak business environment by multinationals after 1990 and continue to be implemented through their subsidiaries, as well as companies involved in their supply chains (Hąbek et al, 2018;Kozakova, 2021).…”

Section: Samplementioning

confidence: 99%

Ethical management and stakeholder relations: Insights from Slovak companies with foreign participation

Kozáková,

Filová,

Skýpalová

2024

J. Infras. Policy. Dev.

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The practice of ethical management has gained traction due to its role in enhancing stakeholder relations, which can have severe repercussions for organisations. By prioritising ethics, companies not only uphold moral principles but also gain a competitive advantage. This is particularly true in societies that value socially responsible business and give preference to companies that go beyond the requirements of the law. Understanding the significance of ethical management practices is therefore becoming key to creating a responsible and sustainable business environment that benefits both an organisation and its stakeholders, such as employees, consumers and society. The purpose of this article is to present a comprehensive exploration of the impact of selected aspects of ethical management in Slovak companies with foreign participation on the ethicality of their relationships with stakeholders. By examining a range of factors related to ethical management, the article seeks to identify statistically significant differences among companies with different approaches to managing business ethics. Employing this analysis, the article contributes to the understanding of ethical practices in Slovak companies and provides insights for academics and practitioners of business ethics. The data used for this analysis was collected through an online questionnaire survey, resulting in a sample size of 179 monitored subjects, all of whom are Slovak companies with foreign participation. The research design included two groups of factors: “general factors of business ethics” or “ethical management approaches” and “ethicality of company-stakeholder relationships.” The statistical analysis included the Shapiro-Wilk normality test, followed by the non-parametric Kruskal-Wallis H test, and post hoc analysis using the Bonferroni adjustment for previously identified significances. The results of the research presented in the article indicate a predominantly positive ethical stance towards employees, suppliers, customers and other stakeholders among Slovak companies. Statistically significant differences were found in the levels of ethicality in relation to legal form, with limited liability and joint-stock companies showing different perceptions towards supplier ethics. The research also proves that an ethical organisational climate is a major determinant of the ethicality of Slovak companies and suggests that a robust integration of ethics into strategic planning significantly improves their stakeholder relations. It can also be concluded that the scope of a code of ethics is particularly significant for community relations, whereas the frequency with which it is updated has less impact. This research holds significant value because it explores the impact of ethical management practices on stakeholder relations and ethical issues in Slovak companies with foreign participation. By focusing on the specific context of Slovak companies, the research offers unique insights into the relationship between ethical management factors and stakeholder dynamics. This research aims to bridge a gap by shedding light on the intricate dynamics between ethical management and stakeholder relations. The findings provide valuable guidance to organisational leaders, policymakers and stakeholders in fostering ethical behaviour and mitigating ethical risks within companies.

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Factors Affecting COVID 19 - related CSR Activities of Slovak Companies

Cited by 2 publications

References 22 publications

Corporate Social Responsibility in Business Practice of the Visegrad Region (Czechia, Poland, Slovakia)

Corporate Social Responsibility in Business Practice of the Visegrad Region (Czechia, Poland, Slovakia)

Ethical management and stakeholder relations: Insights from Slovak companies with foreign participation

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