@article{pavlkov2021corporate,
  title = {Corporate Social Responsibility Implemented by SA8000  Standard in Italy},
  author = {Eva Abramuszkinová Pavlíková and Marcela Basovníková and Peter Huber},
  year = 2021,
  url = {https://ibimapublishing.com/articles/JEURB/2021/253561/},
  journal = {Journal of EU Research in Business},
  volume = 2021,
  pages = 21,
  doi = 10.5171/2021.253561,
  abstract = {In this paper, corporate social responsibility (CSR) adoption is measured by the implementation of SA8000 certification. This is one of the internationally most widely used social accountability standards for retailers, brand companies, suppliers and other organizations. Our study presents research by utilizing data on a group of Italian firms to assess the impact of the SA8000 standard on company profitability, wages and sales. We use synthetic control group methods to analyze the economic performance of single establishment manufacturing firms that underwent SA8000 certification in 2009 or 2010. We find positive and weakly significant effects of SA8000 certification on firms’ turnover to assets ratios, but no evidence of a positive or negative impact of SA8000 certification on firm profitability and wages. In a conclusion, SA8000 certification may be a viable marketing tool that increases company sales and firms may use such a certification to strengthen their position in worldwide delivery networks.},
  keywords = {Corporate Social Responsibility, Synthetic Control Groups, SA8000 certification, Company Performance},
  note = Article ID: 253561
}