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DKUM
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Title:
Can corporate social responsibility contribute to bankruptcy prediction? : evidence from Croatia
Authors:
ID
Galant, Adriana
(
Author
)
ID
Zenzerović, Robert
(
Author
)
Files:
https://organizacija.fov.um.si/index.php/organizacija/article/view/972/1779
RAZ_Galant_Adriana_2023.pdf
(713,38 KB)
MD5: 72AF25F09D9159D17CE4867F5ECE0BD9
Language:
English
Work type:
Unknown
Typology:
1.01 - Original Scientific Article
Organization:
FOV - Faculty of Organizational Sciences in Kranj
Abstract:
Background/Purpose: Companies are becoming aware of the fact that corporate social responsibility (CSR) is becoming the imperative of their sustainable business model despite the potential costs it could generate. Researchers are mostly focused on estimating the relationship between CSR and financial performance where most of the findings indicate their positive relationship. This paper expands existing research and focuses on the relationship between CSR and the risk of bankruptcy using the data from 102 midsize and large companies from non-financial sectors using the data for four years. Research expands existing studies on the EU level according to the fact that most of the existing studies are performed among US companies. Method: Descriptive statistics and SEM-PLS methodology was used to compare and analyze financial data with data collected from 7 groups of stakeholders. Results: Research results indicate that the relation between CSR and the risk of bankruptcy is negative. Conclusion: Becoming a socially responsible company is in the best interest of all stakeholders because CSR activities contribute to financial stability and maintenance of going concern assumption.
Keywords:
corporate social responsibility
,
bankruptcy prediction
,
Altman Z’ score
,
SEM-PLS methodology
Publication date:
01.01.2023
Year of publishing:
2023
Number of pages:
str. 173-183
Numbering:
Vol. 56, iss. 3
PID:
20.500.12556/DKUM-95571
UDC:
005.336.1:347.736(497.5)
ISSN on article:
1318-5454
COBISS.SI-ID:
200290563
DOI:
10.2478/orga-2023-0012
Publication date in DKUM:
26.09.2025
Views:
144
Downloads:
6
Metadata:
Categories:
Misc.
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Record is a part of a journal
Title:
Organizacija : revija za management, informatiko in kadre
Shortened title:
Organizacija
Publisher:
Moderna organizacija
ISSN:
1318-5454
COBISS.SI-ID:
610909
Licences
License:
CC BY-NC-ND 4.0, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
Link:
http://creativecommons.org/licenses/by-nc-nd/4.0/
Description:
The most restrictive Creative Commons license. This only allows people to download and share the work for no commercial gain and for no other purposes.
Secondary language
Language:
Slovenian
Title:
Can corporate social responsibility contribute to bankruptcy prediction : evidence Hrvaške
Abstract:
Ozadje in namen: Podjetja se zavedajo, da družbena odgovornost podjetij postaja imperativ njihovega trajnostnega poslovnega modela kljub morebitnim stroškom, ki bi jih lahko povzročila. Prejšnje raziskave s tega področja so večinoma osredotočene na ocenjevanje razmerja med družbeno odgovornostjo podjetij in finančno uspešnostjo, kjer večina ugotovitev kaže na njun pozitiven odnos. Pričujoča raziskava razširja obstoječe raziskave in se osredotoča na razmerje med družbeno odgovornostjo podjetij in tveganjem bankrota z uporabo podatkov pridobljenih na 102 srednje velikih in velikih podjetij iz nefinančnih sektorjev. Raziskava se osredotoča na področje EU, kar tudi doprinaša k obstoječim raziskavam, saj je večina obstoječih študij narejena med podjetji iz ZDA. Metode: Opisna statistika in metodologija SEM-PLS je bila uporabljena za primerjavo in analizo finančnih podatkov s podatki, zbranimi od sedmih skupin deležnikov. Rezultati: Rezultati raziskave kažejo, da je povezava med družbeno odgovornostjo in tveganjem bankrota negativna. Zaključek: Postati družbeno odgovorno podjetje je v interesu vseh deležnikov, saj dejavnosti družbene odgovornosti prispevajo k finančni stabilnosti in ohranjanju predpostavke delujočega podjetja.
Keywords:
management
,
podjetja
,
družbena odgovornost
,
bankrot
,
Hrvaška
Collection
This document is a part of these collections:
Organizacija
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