Exploring the impact of CSR strategy in food retail sector firms

Benghezal, Djazia and Izadi, Javad ORCID: https://orcid.org/0000-0001-5607-5077 (2022) Exploring the impact of CSR strategy in food retail sector firms. In: Banking and Accounting. Intechopen Limited. (In Press)

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Abstract

Corporate social responsibility (CSR) is the relationship between key stakeholders and its impact on financial performance. We aimed to aid some contributions of CSR specifically in the food retail sector and analyses the impact of CSR strategy and activities of leading food retailers. We relied on primary data available in the annual reports of food retails for the last five years, along with data available on their official website, policy documents. This study concludes that despite claims of previous studies on CSR linked to better financial performance, the food retail firms mostly do not present any specific details on CSR activities, let alone their impact on financial performance. Hence, there is a strong need to convince the food retailers on presenting specific and detail-oriented information on particular aspects of their approach to CSR and pursue further research on this topic on a large scale, so that more accurate findings could be reported. The study concludes that revenue is negatively impacted due to increasing Greenhouse Gases (GHG) emissions and thus reconsidering the operational strategy could be beneficial in the long run. Also, businesses that align their corporate / business strategy with their CSR strategy can achieve sustained competitive advantage, which may well be costly in the short run but very beneficial in the long run. The article comprises a literature review, data analysis, methodology, conclusion and question for future work.

Item Type: Book Section
Subjects: Business and finance > Accounting and finance > Market based accounting research
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Depositing User: Javad Izadi
Date Deposited: 26 Apr 2022 15:07
Last Modified: 26 Apr 2022 15:07
URI: http://repository.uwl.ac.uk/id/eprint/8995

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