Corporate Social Responsibility among Large Industrial Units’ Customers in West and East Azerbaijan

Abstract

Corporate social responsibility (CSR) is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices While once it was possible to describe CSR as an internal organizational policy or a corporate ethic strategy, Proponents argue that corporations increase long-term profits by operating with a CSR perspective, while critics argue that CSR distracts from businesses' economic role. A 2000 study compared existing econometric studies of the relationship between social and financial performance, concluding that the contradictory results of previous studies reporting positive, negative, and neutral financial impact, were due to flawed empirical analysis and claimed when the study is properly specified, CSR has a neutral impact on financial outcomes. Novel approaches in management and organization brought social commitment and responsibility.  In fact, this responsibility was a response to the environmental needs and challenges. The present study is a survey conducted in private companies in West Azerbaijan province.