Optimizing Corporate Social Responsibility (CSR) for Enhancing Economic Resilience in Coastal Communities: An Inclusive Development Model
DOI:
https://doi.org/10.38035/dijefa.v5i5.3422Keywords:
CSR; Economic Resilience; Accounting Perspective;Social Inclusion; Coastal DevelopmentAbstract
In the context of sustainable development, the role of corporate social responsibility has gained significant importance, particularly in resource-based industries operating in coastal regions. This research paper proposes an inclusive development model that integrates ethical values and community engagement to foster economic resilience and environmental sustainability in coastal communities. Coastal communities often face unique socioeconomic and environmental challenges owing to their heavy dependence on natural resources, heightened vulnerability to the impacts of climate change, and the complex interplay between economic activities and fragile ecosystems. (Bhale & Bh?le, 2017) The global economic slowdown has significantly affected coastal communities, particularly in regions heavily reliant on the maritime sector. This study explores how Corporate Social Responsibility (CSR) can be utilized to enhance economic resilience, focusing on empowering women and fostering social inclusion in these communities. Utilizing both quantitative and qualitative research methods, including literature reviews, interviews, and field observations, this study aims to develop an inclusive CSR model integrated with accounting principles. Findings indicate that structured CSR initiatives have a positive impact on local economies, particularly when tailored to address specific community needs. This study contributes to the existing literature by providing a practical framework for businesses to implement sustainable CSR strategies that benefit coastal communities
References
Bhale, S M., & Bh?le, S. (2017, August 9). CSR—In Pursuit of Sustainable Growth and Economic Development. Springer Nature, 3-28. https://doi.org/10.1007/978-981-10-4502-8_1
Adewole, A., Ginah, G O., & Adekeye, D O. (2020, November 3). Multinational Corporations (MNCs) and Corporate Social Responsibilities (CSR): Opportunities for Sustainable Community Developments in Africa. , 1(2), p22-p22. https://doi.org/10.22158/eprd.v1n2p22
Said, L R., Anisah, H U., Firdaus, M R., Rusniati, R., & Rachman, M K. (2022, January 18). The Impact of Perceived Benefits of Corporate Social Responsibility Initiatives on Wetland Farming Communities in Indonesia. World Scientific and Engineering Academy and Society, 19, 402-413. https://doi.org/10.37394/23207.2022.19.36
Ásványi, K., & Zsóka, Á. (2021, January 1). Directing CSR and Corporate Sustainability Towards the Most Pressing Issues. Springer International Publishing, 3-19. https://doi.org/10.1007/978-3-030-62501-6_1
Malik, M. (2014, January 18). Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Springer Science+Business Media, 127(2), 419-438. https://doi.org/10.1007/s10551-014-2051-9
Sideri, L. (2021, May 26). Leveraging CSR for Sustainability: Assessing Performance Implications of Sustainability Reporting in a National Business System. Multidisciplinary Digital Publishing Institute, 13(11), 5987-5987. https://doi.org/10.3390/su13115987
Ariefianto, L., Hilmi, M I., Indrianti, D T., Fajarwati, L., & Purnamawati, F. (2021, May 1). Management Strategy of Corporate Social Responsibility (CSR) in The Limestone Area of Mount Sadeng, Puger. IOP Publishing, 747(1), 012093-012093. https://doi.org/10.1088/1755-1315/747/1/012093
Sardana, D., Gupta, N., Kumar, V., & Terziovski, M. (2020, June 1). CSR ‘sustainability’ practices and firm performance in an emerging economy. Elsevier BV, 258, 120766-120766. https://doi.org/10.1016/j.jclepro.2020.120766
Carroll, A B., & Brown, J A. (2018, May 14). Corporate Social Responsibility: A Review of Current Concepts, Research, and Issues. Emerald Publishing Limited, 39-69. https://doi.org/10.1108/s2514-175920180000002002
Christensen, H B., Hail, L., & Leuz, C. (2019, January 1). Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review. RELX Group (Netherlands). https://doi.org/10.2139/ssrn.3427748
Lorenzo, M D C R., & Sánchez-Mart??nez, C. (2022, January 20). Raising Ecological Awareness and Digital Literacy in Primary School Children through Gamification. Multidisciplinary Digital Publishing Institute, 19(3), 1149-1149. https://doi.org/10.3390/ijerph19031149
Yuen, K F., & Thai, V V. (2016, October 4). Corporate social responsibility and service quality provision in shipping firms: financial synergies or trade-offs?. Taylor & Francis, 44(1), 131-146. https://doi.org/10.1080/03088839.2016.1237782
Tjilen, A P., Ririhena, S W., Jalal, N., Antonio, L S., Teturan, Y E., & Jeujanan, W. (2018, January 1). The Coastal Community Development Project (CCDP) Environmentally Sustainable Empowerment Model in District Merauke. EDP Sciences, 73, 02016-02016. https://doi.org/10.1051/e3sconf/20187302016
Su-lan, C., Bruyne, C D., & Bollempalli, M. (2020, June 6). Blue Economy: Community Case Studies Addressing the Poverty–Environment Nexus in Ocean and Coastal Management. Multidisciplinary Digital Publishing Institute, 12(11), 4654-4654. https://doi.org/10.3390/su12114654
Sun, Z., Jai, K., & Zhao, L. (2019, November 16). Corporate Social Responsibility and Sustainability of Local Community: A Case Study of the Transnational Project in China-Pakistan Economic Corridor. Multidisciplinary Digital Publishing Institute, 11(22), 6456-6456. https://doi.org/10.3390/su11226456
Yasir, M., Majid, A., Qudratullah, H., Ullah, R., & Khattak, A. (2020, September 14). Participation of hotel managers in CSR activities in developing countries: A defining role of CSR orientation, CSR competencies, and CSR commitment. https://onlinelibrary.wiley.com/doi/10.1002/csr.2045&&&
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Sigit Mareta, Caturida Meiwanto Doktoralina; Lestari

This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA).