Corporate Social Responsibility of Family Firms Listed on the Warsaw Stock Exchange on the Example of Companies Qualified for the RESPECT Index Cover Image

Społeczna odpowiedzialność firm rodzinnych notowanych na GPW w Warszawie na przykładzie spółek zakwalifikowanych do indeksu RESPECT
Corporate Social Responsibility of Family Firms Listed on the Warsaw Stock Exchange on the Example of Companies Qualified for the RESPECT Index

Author(s): Paweł Perz
Subject(s): National Economy, Micro-Economics, Financial Markets, Accounting - Business Administration, Business Ethics
Published by: Społeczna Akademia Nauk
Keywords: family firms; CSR; stakeholder value;

Summary/Abstract: Social Responsible firms try to meet the expectations of diverse stakeholders in a balanced way. Such companies in their activities take into account social and ecological aspects. The concept of such a way of acting has its supporters and opponents. Opponents suggest that the company should first and foremost meet the expectations of its owners, striving to maximize value. Proponents of the concept of CSR activities believe that by engaging in such activities, the company achieves various benefits that in the long term contribute to maximizing the value of the company. Research on the scope of involvement of family businesses in activities related to corporate social responsibility does not give a clear answer to the question whether the level of involvement of family enterprises in this type of activities is different than other enterprises. The aim of the study is to analyze the presence of family businesses in the RESPECT index, which was created by the Warsaw Stock Exchange. The index groups companies rated as socially responsible. The article discusses the potential consequence of the company’s involvement in socially responsible activities and analyzes the CSR activities carried out by family companies in the RESPECT index.

  • Issue Year: 19/2018
  • Issue No: 7.3
  • Page Range: 145-156
  • Page Count: 12
  • Language: Polish