Implications of social and environmental costs on economic and financial performance of a company

Abstract

By analysing the current context in which companies operate, we have observed that they must respond to new challenges to ensure adaptation to contextual market requirements. Therefore, over time, actions taken by companies aimed to identify, adapt and implement solutions, which even lead to reorganization of the means of action so that the results achieved would be successful. Taking into account especially the changes occurred in the business environment and the difficulty of identifying a set of determinants having a significant impact on organizational performance, we believe that this topic deserves increased attention, an aspect also reflected by the research activities conducted in the field, focused on the importance of these determinants for the success or failure of a business. JEL: C32, L25, Q56; CZU: 005.216.1:504.03(478).