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A Study on Financial Stability and Social Responsibility in a Business Practice

Author(s):

Divya Antony , MES M. K. MACKAR PILLAY COLLEGE FOR ADVANCED STUDIES EDATHALA ALUVA

Keywords:

Financial Stability, Social Responsibility, Business Practice

Abstract

This study investigates the intricate relationship between financial stability and social responsibility within the realm of contemporary business practices. As businesses increasingly recognize their roles in society, the balance between profit generation and social impact has become a pivotal concern. This research employs a multidisciplinary approach, drawing on economic, ethical, and corporate social responsibility perspectives. Through comprehensive literature review and empirical analysis, this study explores the various dimensions of financial stability, including profitability, risk management, and long-term sustainability. Simultaneously, it assesses the integration of social responsibility measures such as environmental sustainability, community engagement, and ethical governance within business operations. The findings reveal that businesses that effectively incorporate social responsibility into their strategies tend to achieve sustainable financial stability over the long term. Furthermore, this study identifies key drivers, challenges, and success factors for businesses aiming to strike a harmonious balance between profit and social impact. This research contributes to the growing body of knowledge in the fields of business ethics, corporate governance, and sustainable finance, offering insights for business leaders, policymakers, and stakeholders seeking to promote responsible and financial by stable business practices in a rapidly changing global landscape.

Other Details

Paper ID: IJSRDV11I50067
Published in: Volume : 11, Issue : 5
Publication Date: 01/08/2023
Page(s): 161-163

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