Next Article in Journal
Exploring the Determinants of Financial Structure in the Technology Industry: Panel Data Evidence from the New York Stock Exchange Listed Companies
Previous Article in Journal
ISA 701 and Materiality Disclosure as Methods to Minimize the Audit Expectation Gap
Open AccessArticle

An Exploratory Study Based on a Questionnaire Concerning Green and Sustainable Finance, Corporate Social Responsibility, and Performance: Evidence from the Romanian Business Environment

1
Faculty of Economics and Business Administration, University of Craiova, A. I. Cuza St. No. 13, 200396 Craiova, Dolj, Romania
2
Faculty of Economics, The Bucharest University of Economic Studies, Ion N. Angelescu Building, Piața Romană Nr. 6, Sector 1, 010374 Bucharest, Romania
3
Faculty of Business and Administration, Department of Economic and Administrative Sciences, University of Bucharest, Regina Elisabeta Boulevard, No. 4–12, Sector 3, 030018 Bucharest, Romania
4
The Department of Natural and Technological Hazards, National Institute of Research and Development for Environmental Protection (I.N.C.D.P.M.), Splaiul Independenței, No. 294, Sector 6, 060031 Bucharest, Romania
5
Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, Ion N. Angelescu Building, Piata Romana Nr. 6, Sector 1, 010374 Bucharest, Romania
*
Authors to whom correspondence should be addressed.
J. Risk Financial Manag. 2019, 12(4), 162; https://doi.org/10.3390/jrfm12040162
Received: 7 August 2019 / Revised: 30 September 2019 / Accepted: 3 October 2019 / Published: 18 October 2019
(This article belongs to the Section Sustainable Finance)
Green and sustainable finance, corporate social responsibility and financial and non-financial performance are attracting widespread interest due to the challenging times that the business environment is currently facing. Moreover, green and sustainable finance, corporate social responsibility, and intellectual and human capital have become central issues in measuring organizations’ success, competitive advantage and influence on the marketplace. This scientific paper seeks to address the relationship between corporate social responsibility, intellectual capital and performance, providing valuable insights and relevant evidence from a Romanian business environment. The questionnaire method was used for the targeted research objectives, which referred to: (a) Romanian organizations and local community understanding of green and sustainable finance, corporate social responsibility and intellectual capital; (b) corporate social responsibility actions taken by Romanian organizations and the local community; (c) main drivers of corporate social responsibility and intellectual capital in Romanian organizations; and (d) ways to enhance financial and non-financial performance of Romanian organizations with the aid of corporate social responsibility and intellectual capital. The findings support the idea of a strong relationship between corporate social responsibility, intellectual capital and performance in the Romanian business environment. Our work shows that, broadly speaking, Romanian entities operate on a socially responsible level, being aware of the importance and the advantages brought by both corporate social responsibility and intellectual capital when it comes to enhancing profit, productivity and performance. Our results are highly encouraging and may be validated by a larger sample size. View Full-Text
Keywords: green finance; sustainable finance; corporate social responsibility; corporate governance; intellectual capital; innovation; environmental protection; biodiversity; business environment; sustainability; audit; accounting; economic and financial analysis; competitiveness; ethics and integrity; economic performance; social performance; financial performance; performance indicators; questionnaire method; exploratory study; empirical research; statistical association; correlation; nonparametric indicators; causal factors green finance; sustainable finance; corporate social responsibility; corporate governance; intellectual capital; innovation; environmental protection; biodiversity; business environment; sustainability; audit; accounting; economic and financial analysis; competitiveness; ethics and integrity; economic performance; social performance; financial performance; performance indicators; questionnaire method; exploratory study; empirical research; statistical association; correlation; nonparametric indicators; causal factors
Show Figures

Figure 1

MDPI and ACS Style

Popescu, C.R.G.; Popescu, G.N. An Exploratory Study Based on a Questionnaire Concerning Green and Sustainable Finance, Corporate Social Responsibility, and Performance: Evidence from the Romanian Business Environment. J. Risk Financial Manag. 2019, 12, 162.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop