Journal
SUSTAINABILITY
Volume 11, Issue 21, Pages -Publisher
MDPI
DOI: 10.3390/su11216026
Keywords
small and medium sized enterprises; corporate social responsibility; innovation; financial performance; profit; debt ratio
Ask authors/readers for more resources
The aim of this article is to investigate the relationship between the budget related to corporate social responsibility (CSR), Innovation and Training, defined as sustainable factors, and the financial results of small and medium sized enterprises (SMEs). The investigation is made by analysing the financial results from a sample of 200 SMEs from the South-West Region of Romania. The findings prove that SMEs can use training and innovation to improve the impact of CSR on their sustainability with a focus on positive financial indicators. The findings prove that corporate social responsibility (CSRBi), innovation (InnovBi), and training (TrainingBi) as sustainable factors are significantly and positively correlated with the following indicators: profit (Profit(i)), profit per employee (ProfitE(i)) and total expenditure (Expenses(i)), and it is negatively correlated with debt ratio (DebtR(i)).
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available