Unveiling the Financial Rewards of Socially Responsible Business Practices: A Comprehensive Literature Review on the Long-Term Impact of Sustainable and Ethical Strategies on Financial Performance


Authors : Olivian Bîltac

Volume/Issue : Volume 8 - 2023, Issue 5 - May

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://tinyurl.com/53sfneb6

DOI : https://doi.org/10.5281/zenodo.8031574

Abstract : The purpose of this research paper is to conduct a comprehensive literature review, titled Unveiling the Financial Rewards of Socially Responsible Business Practices By systematically examining a wide range of scholarly sources, this study aims to uncover the extent to which integrating socially responsible practices into business strategies can yield financial rewards over time. Through the synthesis of empirical findings, theoretical frameworks, and key concepts from the literature, The ultimate goal is to contribute to the current body of knowledge and assist businesses in making informed decisions regarding the adoption of sustainable and socially conscious approaches to enhance their financial outcomes. This research paper adopts a literature review methodology to comprehensively explore and analyses existing scholarly literature on the topic of the long term impact of sustainable and ethical strategies on financial performance, as presented in the paper titled 'Unveiling the Financial Rewards of Socially Responsible Business Practices.The study involves a systematic and rigorous examination of a wide range of primary and secondary sources, including academic articles, journals, books, reports, and conference proceedings. By employing established search strategies, database queries, and keyword combinations, relevant literature will be identified and screened for inclusion. The selected literature will be critically evaluated, synthesized, and analysed to uncover patterns, trends, and key findings pertaining to the relationship between socially responsible business practices and financial performance.

Keywords : Socially Responsible Business Practices; Sustainable Strategies; Financial Performance; Sustainability and Finance; Stakeholder Value.

The purpose of this research paper is to conduct a comprehensive literature review, titled Unveiling the Financial Rewards of Socially Responsible Business Practices By systematically examining a wide range of scholarly sources, this study aims to uncover the extent to which integrating socially responsible practices into business strategies can yield financial rewards over time. Through the synthesis of empirical findings, theoretical frameworks, and key concepts from the literature, The ultimate goal is to contribute to the current body of knowledge and assist businesses in making informed decisions regarding the adoption of sustainable and socially conscious approaches to enhance their financial outcomes. This research paper adopts a literature review methodology to comprehensively explore and analyses existing scholarly literature on the topic of the long term impact of sustainable and ethical strategies on financial performance, as presented in the paper titled 'Unveiling the Financial Rewards of Socially Responsible Business Practices.The study involves a systematic and rigorous examination of a wide range of primary and secondary sources, including academic articles, journals, books, reports, and conference proceedings. By employing established search strategies, database queries, and keyword combinations, relevant literature will be identified and screened for inclusion. The selected literature will be critically evaluated, synthesized, and analysed to uncover patterns, trends, and key findings pertaining to the relationship between socially responsible business practices and financial performance.

Keywords : Socially Responsible Business Practices; Sustainable Strategies; Financial Performance; Sustainability and Finance; Stakeholder Value.

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Paper Submission Last Date
31 - May - 2024

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