Seminar paper from the year 2012 in the subject Business economics
- Business Ethics, Corporate Ethics, grade: B, Kings College
London, language: English, abstract: Corporate social
responsibility (CSR) and share price performance are strategic in
nature. As a result, organizations must give disclosure and report
such initiatives to stakeholders as well as shareholders. The value
is revealed in the share price of the public organizations (Bevan,
2010). The boost in share value of socially responsible companies
surpasses companies which don't involve in any reporting of
corporate social responsible activities (Robinson, 2010). In this
report, we will talk about the relationship between share price
performance and disclosure of corporate social responsibility in
Mark & Spencer (Robert, 2009). Marks and Spencer is one among
the dominant retailers of clothing, home products, food, and
financial services of United Kingdom. 10 million people do shopping
every week in more than 375 Marks and Spencer stores in the United
Kingdom (Goldenberg, 2009). Additionally the Company has 155 stores
run under franchises in twenty eight countries, generally in
European, the Middle Eastern, Asian and the Far Eastern countries,
and stores in the Republic of Ireland, Hong Kong and the United
States supermarket group, Kings Super Markets. Marks and Spencer is
formed in business units that cover food and general products
(Retail Technology, 2012). The general products unit has been
further divided into clothing of women, menswear, beauty, home etc.
In proportion to the current focus on the advantages of Corporate
Social Responsibility, it is argued that Marks and Spencer's social
commitment with its stakeholders produces resources which create
durable benefits for the company (Bookbinder, 2010). In this study,
CSR is viewed as an important resource for Marks and Spencer and it
makes possible better lasting share price performance. Corporate
Social Responsibility is the valuable resource
General
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