Suchergebnisse

Motivation: The growing importance of the corporate social responsibility in the socio-economic sphere means that investors more and more often in their decision-making process include, alongside criteria of the effectiveness of invested capital, factors related to ecology, social development and corporate governance. This leads to diversification of the capital market in which, besides the traditional investing, socially responsible investing is becoming increasingly important.Aim: The aim of the article is to identify the territorial diversification of socially responsible investments in the European Union's capital markets in terms of value and investment strategies used, as well as to show the reasons for this diversity.Results: The conducted analysis showed that more and more investors in the European Union base their decisions not only on financial parameters but also on social and environmental factors. However, this market is not homogenous. This applies to both the value and preferences regarding investments strategy. A significant impact on this diversity has the level of implementation of specific legislative solutions creating favourable conditions for the development of socially responsible investing.

Motivation: The growing importance of the corporate social responsibility in the socio-economic sphere means that investors more and more often in their decision-making process include, alongside criteria of the effectiveness of invested capital, factors related to ecology, social development and corporate governance. This leads to diversification of the capital market in which, besides the traditional investing, socially responsible investing is becoming increasingly important.Aim: The aim of the article is to identify the territorial diversification of socially responsible investments in the European Union's capital markets in terms of value and investment strategies used, as well as to show the reasons for this diversity.Results: The conducted analysis showed that more and more investors in the European Union base their decisions not only on financial parameters but also on social and environmental factors. However, this market is not homogenous. This applies to both the value and preferences regarding investments strategy. A significant impact on this diversity has the level of implementation of specific legislative solutions creating favourable conditions for the development of socially responsible investing.

The development of the concept of corporate social responsibility has become the new and extremely important challenge for accounting. It is necessary that its methods and solutions allow for reflect newer and newer information needs. Because of its systemic character, accounting has to evolve to be able to constitute a basic information system. The development of social accounting is a welcome direction in this regard. It aims to identify measure and present the social and environmental issues related to the functioning of company. The CSR report is a tool for providing information related to corporate social responsibility. It shows the influence of company's activity on various group of stakeholders, by ensuring detailed data about management regarding aspects such as ethics, ecology, diversity in the workplace and community involvement. Instead of preparing corporate social responsibility reports some companies publish integrated reports which present in one document both financial and social issues in a holistic manner. The aim of the article is to present the problem of CSR reporting within the context of social accounting. The main subject of researches is the evaluation of trends associated with the publishing social reports in the national and international context as well as an analysis of the content of reports dealing with corporate social responsibility prepared by selected companies operating in Poland. The article is based on the analysis of Polish and English literature, selected studies and databases connected with the practice of CSR reporting as well as the reports prepared by companies covered by the survey. Results of the research lead to the conclusion that social reporting is a rapidly growing field in both national and international context. This is reflected by the number of reports dealing with corporate social responsibility submitted by companies to a databases connected with the practice of Corporate Social Responsibility reporting. However, the analysis of the content of this type of reports showed that comparison of data contained within documents prepared by individual companies may pose a problem.

Purpose – The aim of the research is to identify the impact of efficiency of intellectual capital and its components on the performance of socially responsible companies included in the WIG-Energy index. Research method – Various methods of research were used in this paper, such as the method of desk research consisting of an analysis of data contained in the annual reports of socially responsible companies included in the WIG-Energy index, the VAIC™ method which has been used to measure the intellectual capital, as well as Pearson correlation coefficients and the linear regression analysis, which were the basis for the study of the impact of intellectual capital efficiency on selected measures describing the performance of analysed companies. Results – The conducted studies showed the impact of intellectual capital efficiency on the return on equity (ROE) and the current market valuation of the book value measured by the P/BV ratio (price/book value). However, they did not show a significant impact on return on assets (ROA). In addition, the studies have pointed at the diversified impact of intellectual capital components on the measures describing the performance of socially responsible companies included in the WIG-Energy index. The return on equity (ROE) is significantly influenced by the efficiency of structural and human capital. In turn, the current market valuation of the book value (P/BV) is significantly influenced by the efficiency of human capital. Originality /value / implications /recommendations – The article intends to fill the gap in the field of intellectual capital in the context of its impact on the performance of energy sector companies. This aspect is still underrepresented in research. However, this is currently a significant issue because, for such types of companies that base their activities on specialist knowledge and modern technologies, the intellectual capital becomes a key factor for success. This paper provides a starting point for further research. Therefore, the focus is solely on companies from the WIG-Energy index simultaneously belonging to the WIG-ESG index, which covers companies that meet the highest standards in the field of corporate social responsibility.