social responsibility


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Social Responsibility

The practice of appropriate behavior in a public setting, regardless of the behavior's legality. In investing, social responsibility helps inform the investment decisions of some individuals and companies. For example, an individual may have a moral objection to smoking and therefore may refrain from investing in tobacco companies. Social responsibility in investing may be either positive or negative; that is, it may inform where an individual makes investments (e.g. in environmentally friendly companies) and where he/she does not (e.g. in arms manufacturers). Some mutual funds and even whole subdivisions are dedicated to promoting socially responsible investing. See also: Green fund, Islamic finance.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

social responsibility

a business philosophy that stresses the need for firms to behave as good corporate citizens, not merely obeying the law but furthering the interests of the STAKEHOLDERS - shareholders, employees, customers, suppliers and the community Social responsibility is an alternative goal to PROFIT MAXIMIZATION for firms. See CORPORATE GOVERNANCE, FIRM OBJECTIVES.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
sustainability and corporate social responsibility. Moreover, discussion
The purpose of this research is to study the relationship between nurses' social responsibility and the quality of nursing services in the educational and treatment centers of the Hamadan University of Medical Sciences in 2015.
While considering the literature on the dimensions of OC, findings on the association of CSR with affective and continuance commitment are clear (Fu, Bolander, and Jones, 2009; Tett and Meyer, 1993) comparing association between corporate social responsibility and normative commitment.
The first theme, 'Mechanisms for the Sustainability of Social Responsibility Programs', included a working paper entitled 'Policies and Mechanisms to Ensure the Effective Implementation of Social Responsibility Programs'.
In its third edition, the conference will also bring together members of the economic and social community in the Kingdom of Bahrain and the GCC countries to discuss the latest developments, aspirations and issues related to social responsibility and sustainable development.
Nowadays, Corporate Social Responsibility (CSR) is generating a demand for more transparency from the companies (Fatma and Rahman, 2014).
From the perspective of corporate social responsibility is whether corporate social responsibility should exist [711] why it exists and how it affects the economy [2,12-14].
Free zones and social responsibility in the Middle East
Bahrain:Sudanese President Omar Hassan Al Bashir yesterday met Shaikh Khalifa bin Ali Al Khalifa and congratulated him on being granted the highest social responsibility decoration.
In modern societies, companies in the private sector bear their social responsibility in cooperation with government or voluntary charity organizations in serving society.
Abdullah Ensourto form "The Jordanian Ministerial Advisory Committee for Social Responsibility" in conformity with the directives of His Majesty King Abdullah II.