The Covid-19 Crisis: a Stress Test for Corporate Responsibility in Bulgaria

Authors

Keywords
labor hoarding, corporate social responsibility, business ethics

Summary
The study looks into the specifics of corporate social responsibility during the state of emergency, imposed because of the coronavirus pandemic. This study aims at scrutinizing and systematizing how CSR targeted both internal and external stake - holders (employees and wider society, respectively) during the COVID-19 induced state of emergency in Bulgaria. The analysis is based on an overview of corporate social responsibility in Bulgaria, comparisons with practices in other countries, as well as a survey with employees from 82 companies. The collected data illustrates the practices applied towards employees, business partners and society. The estimated total index of CSR allows to highlight economic sectors where social responsibility is higher. Acomparison between employee-oriented practices and practices oriented at other stakeholders can show whether the company is equally socially responsible inside and outside the enterprise. The findings can provide guidelines for future more comprehensive studies and can be used to propose further recommendations for business and governmental policies in future extreme economic events.

JEL: D22, M14
Pages: 30
DOI: 

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