Impact of Corporate Social Responsibility (CSR) on Organizational Sustainability in Ethiopia
DOI:
https://doi.org/10.61421/IJSSMER.2024.2103Keywords:
Corporate, Social, Responsibility, CSR, Organizational SustainabilityAbstract
This study examines the relationship between corporate social responsibility (CSR) factors and organizational sustainability. The regression analysis is conducted using data from a survey conducted in 2024. The CSR factors investigated include economic responsibility, legal responsibility, ethical responsibility, and philanthropic responsibility. The results demonstrate that all four CSR factors have a significant impact on organizational sustainability. Specifically, economic responsibility and legal responsibility positively influence sustainability, highlighting the importance of financial stability and fulfilling legal obligations. Ethical responsibility emerges as a strong predictor of sustainability, indicating that organizations practicing ethical behavior have higher levels of sustainability. Moreover, philanthropic responsibility, involving contributions to society, is found to be positively associated with sustainability. These findings underscore the importance of comprehensive CSR practices in promoting organizational sustainability and providing valuable insights for businesses seeking to enhance their performance and long-term viability.
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