Preview

Economy: strategy and practice

Advanced search

A Survey on Socially Responsible Activities of Business Companies in Central Europe

https://doi.org/10.51176/1997-9967-2025-4-6-20

Abstract

Corporate social responsibility (hereinafter – CSR) is becoming an essential tool for sustainable development and increasing business competitiveness in Central European countries. The purpose of the study is to identify the most common socially responsible practices among companies in the Czech Republic, Poland and Slovakia, and to examine differences in their involvement by industry, size and territorial coverage. The methodological basis of the study includes a questionnaire survey of 300 companies (100 from each country), conducted in 2023 as part of the Corporate Social Responsibility in Business Practice of the Visegrad Region project. For statistical processing, correlation analysis methods (Pearson coefficients, t-tests) and comparative analysis based on four criteria: country, industry, enterprise size, and regional coverage. The results showed that 27% of Czech, 34% of Polish and 43% of Slovak companies strategically plan CSR activities. The most common forms of social responsibility include applying business ethics (43%), caring for employees beyond legal requirements (41%), staff training (36%), equal opportunities (36%), and cooperation with local communities (34%). At the same time, the differences across countries, industries, and sizes were statistically insignificant (p > 0.05). The analysis uncovered negligible differences in the engagement of surveyed businesses in socially responsible activities across industries, sizes, and regions. The suggestions for businesses emphasise a more strategic approach to socially responsible activities, with a focus on delivering the greatest value to the greatest number of people.Keywords: Corporate Social Responsibility, Social Pillar, Business Companies, Czechia, Poland, Slovakia

About the Authors

M. Šikýř
Ambis University
Czech Republic

Martin Šikýř – PhD, Senior Lecturer

575/1 Lindnerova St., Prague



R. Skýpalová
Ambis University
Czech Republic

Renata Skýpalová – PhD, Senior Lecturer

575/1 Lindnerova St., Prague



I. Rivera
Corvinus University
Hungary

Isaias Rivera – PhD, Associate Professor

4-6 Közraktár St., Budapest, Hungary



Z. Petráková
Slovak University of Technology
Hungary

Zora Petráková – PhD, Professor

2766/11 Radlinského St., Brati slava



Z. Málek
Ambis University
Czech Republic

Zdeněk Málek – PhD, Senior Lecturer

575/1 Lindnerova St., Prague



References

1. An, S. B., & Yoon, K. C. (2021). The effects of socially responsible activities on management performance of internationally diversified firms: Evidence from the KOSPI Market. The Journal of Asian Finance, Economics and Business, 8(3), 251-265. https://doi.org/10.13106/jafeb.2021.vol8.no3.0251

2. Babu, N., De Roeck, K., Rivkin, W., & Bhattacharya, S. (2023). I can do good even when my supervisor is bad: Abusive supervision and employee socially responsible behaviour. Journal of Occupational and Organizational Psychology. 97(2), 555-578. https://doi.org/10.1111/joop.12482

3. Bahta, D., Yun, J., Islam, M. R., & Bikanyi, K. J. (2021). How does CSR enhance the financial performance of SMEs? The mediating role of firm reputation. Economic Research-Ekonomska Istraživanja, 34(1), 1428-1451. https://doi.org/10.1080/1331677X.2020.1828130

4. Belás, J., Jr., Petráková, Z., Streimikis, J., & Kozová, K. (2024). Participative management style in SMEs: Influence of CSR factors. Empirical evidence from the Visegrad Group. Journal of International Studies, 17(3), 133-147. https://doi.org/10.14254/2071-8330.2024/17-3/7

5. Ben Hmiden, O., Rjiba, H., & Saadi, S. (2022). Competition through environmental CSR engagement and cost of equity capital. Finance Research Letters, 47, 102773. https://doi.org/10.1016/j.frl.2022.102773

6. Blajer-Golebiewska, A., & Vasa, L. (2024). Effect of reputation and social media on the financial performance of SMEs – a comparison between selected business sectors.

7. Journal of Business Sectors, 2(1), 21–31. https://doi.org/10.62222/ADXS7200

8. Burksaitiene, D., Jegelaviciute, R., Grencikova, A., Krajco, K., & Sokol, J. (2019). Economic indicators paradigm on the labour market in Lithuania and Slovakia. Engineering Economics, 30(5), 612-620. https://doi.org/10.5755/j01.ee.30.5.23599

9. Cincilova, S., & Toporova, V. (2022). ESR-CSR congruence assessment of Czech brewery. In F. Bezzina (Ed.) Proceedings of the 17th European Conference on Management, Leadership, and Governance (ECMLG 2021) (pp. 125-132). https://doi.org/10.34190/MLG.21.056

10. Diamantis, D., & Puhr, R. (2022). Corporate social responsibility and work-life balance provisions for employee quality of life in hospitality and tourism settings. Worldwide Hospitality and Tourism Themes, 14(3), 207-209. https://doi.org/10.1108/WHATT-02-2022-0026

11. Dohnalova, M., & Legnerova, K. (2018). Corporate social responsibility as a new approach to the employees’ satisfaction. In T. Loster & T. Pavelka (Eds.), 12th International Days of Statistics and Economics (pp. 373-382). Melandrium. https://msed.vse.cz/msed_2018/article/89-Dohnalova-Marie-paper.pdf

12. Dos, A., & Pattarin, F. (2021). Drivers of CSR anchoring in transition economies: Evidence from Poland. Business Ethics the Environment & Responsibility, 30(4), 507-521. https://doi.org/10.1111/beer.12363

13. Dubravska, M., Marchevska, M., Vasanicova, P., Kotulic, R. (2020). Corporate social responsibility and environmental management linkage: An empirical analysis of the Slovak Republic. Sustainability, 12(13), 5431. https://doi.org/10.3390/su12135431

14. Dvorsky, J., Svihlikova, I., Kozubikova, L., Frajtova Michalikova, K., & Balcerzak, A. P. (2023). Effect of CSR implementation and crisis events in business on the financial management of SMEs. Technological and Economic Development of Economy, 29(5), 1496-1519. https://doi.org/10.3846/tede.2023.19821

15. Galbreath, J., Lucianetti, L., Tisch, D., Thomas, B. (2022). Firm strategy and CSR: the moderating role of performance management systems. Journal of Management & Organization, 28(1), 202-220. https://doi.org/10.1017/jmo.2020.27

16. García-Piqueres, G., & García-Ramos, R. (2022). Complementarity between CSR dimensions and innovation: behaviour, objective, or both? European Management Journal, 40(4), 475-489. https://doi.org/10.1016/j.emj.2021.07.010

17. Grabinska, B., Kedzior, D., Kedzior, M., & Grabinski, K. (2021). The impact of CSR on the capital structure of high-tech companies in Poland. Sustainability. 13(10), 5467. https://doi.org/10.3390/su13105467

18. Green Paper (2001). Green Paper. Promoting a European Framework for Corporate Social Responsibility. Commission of the European Communities. Retrieved October 15, 2025, from https://ec.europa.eu/commission/presscorner/api/files/document/print/en/doc_01_9/DOC_01_9_EN.pdf

19. Grofcikova, J., Izakova, K., & Skvareninova, D. (2020). Impact of corporate governance on CSR in Slovak insurance companies. In N. Tsounis & A. Vlachvei (Eds.), Advances in Cross-Section Data Methods in Applied Economic Research (571-592). Springer. https://doi.org/10.1007/978-3-030-38253-7_37

20. Guan, X., Ahmad, N., Sial, M. S., Cherian, J. & Han, H. (2023). CSR and organizational performance: The role of pro-environmental behavior and personal values. Corporate Social Responsibility and Environmental Management, 30(2), 677-694. https://doi.org/10.1002/csr.2381

21. Hąbek, P. (2017). CSR reporting practices in Visegrad group countries and the quality of disclosure. Sustainability, 9(12), 2322. https://doi.org/10.3390/su9122322

22. Hendrickx, F. (2018). The European social pillar: A first evaluation. European Labour Law Journal, 9(1), 3-6. https://doi.org/10.1177/2031952518759987

23. Hincica, V., Malikova, M., & Rezankova, H. (2021). Logistics social responsibility: Understanding and development of the concept in the Slovak Republic. Management: Journal of Contemporary Management Issues, 26(1), 111-128. https://doi.org/10.30924/mjcmi.26.1.7

24. Hincica, V., Rezankova, H., & Breckova, J. (2022). Perception of CSR by Czech consumers – an in-depth analysis. Management: Journal of Contemporary Management Issues, 27(1), 97-121. https://doi.org/10.30924/mjcmi.27.1.7

25. Hommerova, D., Sredl, K., Vrbkova, L., & Svoboda, R. (2020). The perception of CSR activities in a selected segment of McDonald's customers in the Czech Republic and its effect on their purchasing behavior. Sustainability, 12(20), 8627. https://doi.org/10.3390/su12208627

26. Hsieh, Y.-C., Weng, J., Pham, N.T., Yi, L.-H. (2022). What drives employees to participate in corporate social responsibility? A personal characteristics - CSR capacity - organizational reinforcing model of employees’ motivation for voluntary CSR activities. International Journal of Human Resource Management, 33 (18), 3703-3735. https://doi.org/10.1080/09585192.2021.1967422

27. Isacowitz, J. J., Schmeidl, S., & Tabelin, C. (2022). The operationalization of Corporate Social Responsibility (CSR) in a mining context. Resources Policy, 79. https://doi.org/10.1016/j.resourpol.2022.103012

28. Kadekova, Z., Savov, R., Kosiciarova, I, & Valaskova, K. (2020). CSR activities and their Impact on brand value in food enterprises in Slovakia based on foreign participation. Sustainability, 12(12), 4856. https://doi.org/10.3390/su12124856

29. Khan, K. A., Akhtar, M. A., Vishwakarma, R., K., & Hoang, H. C. (2023). A sectoral perspective on the sustainable growth of SMEs. Empirical research in the V4 countries. Journal of Business Sectors, 1(1), 10-19. https://doi.org/10.62222/CVFW6962

30. Kliestikova, J. (2017). CSR reporting in specific conditions of the Slovak Republic. New Trends and Issues Proceedings on Humanities and Social Sciences, 3(4), 159-167. https://doi.org/10.18844/prosoc.v3i4.1544

31. Knežević, G., Pavlović, V., & Bojičić, R. (2023). Does gender diversity improve CSR reporting? Evidence from the Central and West Balkan banking sector. Economics and Sociology, 16(3), 261-280. https://dx.doi.org/10.14254/2071-789X.2023/16-3/14

32. Knott, S., & Wilson, J.P. (2024). Core charitable purpose and voluntary CSR activities in charity organizations: do they conflict? Social Responsibility Journal, 20(6), 1056-1071. https://dx.doi.org/10.1108/SRJ-09-2023-0498

33. Kogut, J., & Brozek, K. (2015). Corporate social responsibility with the example of railway companies in Poland. In T. Loster & T. Pavelka (Eds.), 9th International Days of Statistics and Economics (pp. 811-820). Melandrium. Retrieved October 15, 2025, from https://msed.vse.cz/msed_2015/article/75-Kogut-Justyna-paper.pdf

34. Konecny, F. (2019). Does approach to CSR differ in family and non-family firms? Case of Czech Republic. In K. S. Soliman (Ed.), Proceedings of the 34th International Business Information Management Association (IBIMA) Conference (pp. 8851-8861). IBIMA. Retrieved October 15, 2025, from https://ibima.org/accepted-paper/does-approach-to-csr-differs-in-family-and-non-family--firms-case-of-czech-republic/

35. Koseglu, M. A., Hon, A., Kalargyrou, V., & Okumus, F. (2021). Hiring people with disabilities as a CSR strategy in the tourism industry. Tourism Analysis, 26(1), 41-55. https://doi.org/10.3727/108354220X15758302602547

36. Krizanova, A., & Gajanova, L. (2016). The importance of CSR implementation. In CBU International Conference Proceedings 2016 (pp. 515-519). https://doi.org/10.12955/cbup.v4.807

37. Kucharcikova, A., & Miciak, M. (2018). Human capital management in transport enterprises with the acceptance of sustainable development in the Slovak Republic. Sustainability, 10(7). https://doi.org/10.3390/su10072530

38. Lee, S., Han, H., Radic, A., & Toriq, B. (2020). Corporate social responsibility (CSR) as a customer satisfaction and retention strategy in the chain restaurant sector. Journal of Hospitality and Tourism Management, 45, 348-358. https://doi.org/10.1016/j.jhtm.2020.09.002

39. Magee, R. G. (2019). Environmental worldview beliefs and CSR advertising. Social Responsibility Journal, 15(3), 379-394. https://doi.org/10.1108/SRJ-11-2017-0229

40. Matei, F. B., Boboc, C., & Ghita, S. (2021). The relationship between corporate social responsibility and financial performance in Romanian companies. Economic Computation and Economic Cybernetics Studies and Research, 55(3), 297-314. https://doi.org/10.24818/18423264/55.3.21.19

41. Matouskovi, E. (2022). Comparison of economic cycles of the Slovak economy and other Visegrad Four countries. Public Finance Quarterly, 67(3), 463-481. https://doi.org/10.35551/PFQ_2022_3_9

42. Metzker, Z. (2025). The Impact of Financial Management on the CSR Perception in the SME Segment. Journal of Business Sectors, 3(1), 61–70. https://doi.org/10.62222/PIKE8611

43. Moravcikova, K., Stefanikova, L., & Rypakova, M. (2015). CSR reporting as an important tool of CSR communication. Procedia Economics and Finance, 26, 332- 338. https://doi.org/10.1016/S2212-5671(15)00861-8

44. Nagy, M., Valaskova, K., & Durana, P. (2022). The effect of CSR policy on earnings management behavior: Evidence from Visegrad publicly listed enterprises. Risks, 10(11), 203. https://doi.org/10.3390/risks10110203

45. Nardi, L., Zenger, T., Lazzarini, S. G., & Cabral, S. (2021). Doing well by doing good, uniquely: Materiality and the market value of unique CSR strategies. Strategy Science, 7(1), 10-26. https://doi.org/10.1287/stsc.2021.0145

46. Nawrocki, T. L., & Szwajca, D. (2021). A multidimensional comparative analysis of involvement in CSR activities of energy companies in the context of sustainable development challenges: Evidence from Poland. Energies, 14(15), 4592. https://doi.org/10.3390/en14154592

47. Newey, L. R., de Oliveira, R. T., & Mishra, A. (2023). Well-being as a staged social responsibility process: exploratory testing of a new theory. Social Responsibility Journal, 19(2), 286-304. https://doi.org/10.1108/SRJ-09-2021-0394

48. Oliinyk, O., Mishchuk, H., Vasa, L., & Kozma, K. (2023). Social Responsibility: Opportunities for Integral Assessment and Analysis of Connections with Business Innovation. Sustainability, 15(6), 5608. https://doi.org/10.3390/su15065608

49. Rizwan, K. F., & Jenita, A. M. A. (2022). An analysis of impact of CSR practices on investment behaviour. Journal of Statistics and Management Systems, 25(5), 1011-1020. https://doi.org/10.1080/09720510.2022.2083828

50. Semenikhina, V., Pochtovyuk, A., & Onyshchenko, O. (2023). Social and environmental components of social responsibility of industrial companies in the conditions of a digital and sustainability economy. Auspicia, 1, 18-33. https://doi.org/10.36682/a_2023_1_2

51. Siltaloppi, J., Rajala, R. & Hietala, H. (2021). Integrating CSR with Business Strategy: A Tension Management Perspective. Journal of Bussiness Ethics 174, 507–527 https://doi.org/10.1007/s10551-020-04569-3

52. Shim, J. M., Lee, W. S., Moon, J., & Song, M. (2021). Coffee shop corporate social responsibility (CSR) and reuse intention using triple bottom line theory. British Food Journal, 123(12), 4421-4435. https://doi.org/10.1108/BFJ-12-2020-1134

53. Srbova, P., Reznakova, M., Tomaskova, A. (2023). Socially responsible activities and the economic performance of family businesses. EnPress, 7(1). https://doi.org/10.24294/jipd.v7i1.1958

54. Stojanović, A., Sofranova, N., Arsić, S., Milošević, I., Mihajlović, I. (2022). The effects of CSR activities on business according to employee perception. European Review, 30 (5), 686-707. https://doi.org/10.1017/S1062798721000156

55. Strouhal, J., Horák, J., Resik, A., Gurvitš-Suits, N., & Kadak, T. (2025). Stakeholders’ perceptions on ESG reporting: On the case of Czechia and Estonia. Journal of International Studies, 18(2), 75-93. https://doi.org/10.14254/2071-8330.2025/18-2/4

56. Tetrevova, L. (2018). Communicating CSR in high profile industries: Case study of Czech chemical industry. Engineering Economics, 29(4), 478-487. https://doi.org/10.5755/j01.ee.29.4.19199

57. Thakkar, J., Mahanty, B., & Maiti, J. (2020). Editorial for the special section on "TBL (Triple Bottom Line) sustainability and CSR (Corporate Social Responsibility) driven performance measurement systems". International Journal of Productivity and Performance Management, 69(3), 429-430. https://doi.org/10.1108/IJPPM-03-2020-501

58. Viererbl, B., & Koch, T. (2022). The paradoxical effects of communicating CSR activities: Why CSR communication has both positive and negative effects on the perception of a company's social responsibility. Public Relations Review, 48(1), 102134. https://doi.org/10.1016/j.pubrev.2021.102134

59. Wolak-Tuzimek, A. (2017). Good practices of Polish enterprises in areas of corporate social responsibility. In T. Loster & T. Pavelka (Eds.), 11th International Days of Statistics and Economics (pp. 1863-1872). Melandrium. Retrieved October 15, 2025, from https://msed.vse.cz/msed_2017/article/115-Wolak-Tuzimek-Anna-paper.pdf

60. Wozniak, J., & Jurczyk, W. (2022). SLO in CSR perspective – A comparative case study from Poland (2018-2020). Resources Policy, 77, 102654. https://doi.org/10.1016/j.resourpol.2022.102654

61. Ylipulli, J., Hämäläinen, J. ., & Palo, E. (2025). Radical digital agency as a foundation for just and sustainable smart cities. Human Technology, 21(1), 6–34. https://doi.org/10.14254/1795-6889.2025.21-1.1

62. Zielinski, M., & Jonek-Kowalska, I. (2021). Does CSR affect the profitability and valuation of energy companies? An example from Poland. Energies, 14(12), 3668. https://doi.org/10.3390/en14123668


Review

For citations:


Šikýř M., Skýpalová R., Rivera I., Petráková Z., Málek Z. A Survey on Socially Responsible Activities of Business Companies in Central Europe. Economy: strategy and practice. 2025;20(4):6-20. https://doi.org/10.51176/1997-9967-2025-4-6-20

Views: 420

JATS XML

ISSN 1997-9967 (Print)
ISSN 2663-550X (Online)