Exploring the Theoretical Frameworks and Corporate Social Responsibility (CSR): A Systematic Literature Review

Abstract

Companies that are committed to CSR practices tend to have higher consumer loyalty, enhance their brand image, and gain easier access to capital. However, some companies find it difficult to accurately measure the social and environmental benefits of their CSR activities. The purpose of this study is to analyze and describe the framework used in CSR topics. Analyze and describe variables related to CSR.

The method used in this study is descriptive, using a systematic literature review (SLR) and meta-analysis (PRISMA) with data sources from scientific articles indexed in the Scopus database through a literature extraction process in accordance with the selection criteria. There were 39 articles selected through several screening stages.

The results of this study found several main theories, such as stakeholder theory, legitimacy theory, agency theory, and positive accounting theory, which form the theoretical basis related to CSR. It also found several variables related to CSR, such as financial performance, profitability, company size and age, and others. Future researchers may consider using the variables and theories from this SLR.