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Relationship between the Voluntary Instrument of CSR in the Textile Industry in the Czech Republic and Financial Performance

General problems of the fibre and textile industries

Author:

  • Krause Josef
    , , 130 67 Prague 3 – Žizkov, Department of Strategy, Faculty of Business Administration, University of Economics, Prague, Czech Republic

Nr DOI: 10.5604/01.3001.0012.2524

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Abstract:

The paper deals with the relationship between an environmentally friendly approach on the part of companies and financial performance. The paper emphasises that corporate social responsibility is an important issue in the strategic management of companies. The paper examines companies in the textile industry with an environmentally friendly certification in the Czech Republic, and then compares their indicator of profitability with companies in the textile industry without this chosen certification. The Wilcoxon test and t-test are used for the comparison. No statistically significant differences are confirmed. The limitations of the research are also discussed in the article.

Tags:

corporate social responsibility, sustainable development, voluntary instruments, financial performance.

Citation:

Krause J. Relationship between the Voluntary Instrument of CSR in the Textile Industry in the Czech Republic and Financial Performance. FIBRES & TEXTILES in Eastern Europe 2018; 26, 5(131): 8-12. DOI: 10.5604/01.3001.0012.2524

Published in issue no 5 (131) / 2018, pages 8–12.

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