The Influence of Corporate Social Responsibility on International Trade Practices: A Mixed-Methods Analysis

Description

The Influence of Corporate Social Responsibility on International Trade Practices: A Mixed-Methods Analysis

Abstract

Corporate social responsibility is a business model that includes marketing, goals, responses etc. CSR helps to improve business reputation and attracts employees and also helps to get brand image in market. This encourages for social and environmental practices by companies that leads get reputation and increases brand in market. CSR promotes environmental practices like waste management, carbon emission etc. However the  influences to choose produce methods and exports from products companies. CSR impacts on global trade which leaders to face problems by interconnected companies to maximize their profits. Basically, this study has involves to know about CSR strategies that influences international trade practices.

A mixed method approach is used with combination of quantitative analysis and qualitative analysis. By using these two analysis helps to know how CSR is impacting companies, and shareholders. Generally, quantitative analysis that gathers data from customers, employees and community members that data will access perceptions of company that tells about initiatives changes. Examines company financial status of company that effects profits margins. However the qualitative data analysis helps to tech about CSR strategies and motivation to community members and employees. Moreover these strategies may leads to effects on their international partners. This analysis mainly focuses on groups by that they explores their experiences with companies that helps for growth of company.

The research talks about CSR practices that impacts positively in international trades that helps to increase relationships based on trust, product brand image in market, reputation, and many more. However  Some challenges are found that which impacts CSR like Cost and Resource constraints, Complex regulatory compliance customer loyalty, attracting talents, investor perception etc. Finally, this paper identifies recommendations which helps to trade and policymakers to use CSK strategies that happens through regulatory frameworks and global co-operation.

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