INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Vol. 1 No. 4 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)

FROM PHILANTHROPY TO SUSTAINABILITY: THE EVOLUTION OF CORPORATE SOCIAL RESPONSIBILITY IN BUSINESS RESEARCH

Shohib Muslim (Politeknik Negeri Malang)
Loso Judijanto (IPOSS Jakarta, Indonesia)



Article Info

Publish Date
17 Feb 2026

Abstract

This research examines the evolution of Corporate Social Responsibility (CSR) from a philanthropic approach to sustainability in business. In the early stages, CSR was mostly realised in the form of donations or social support that was sporadic and not integrated with the company's core business strategy. However, along with the increasing awareness of the importance of sustainability, many companies began to adopt a more strategic and integrated approach to CSR. This research shows that sustainable CSR implementation not only provides social and environmental benefits, but also creates significant business value, including enhanced reputation, customer loyalty, and operational efficiency. Thus, the transformation from philanthropy to sustainability in CSR reflects an important shift where social responsibility becomes an integral part of business strategy that contributes to the achievement of sustainable economic, social, and environmental goals.

Copyrights © 2024






Journal Info

Abbrev

IJEFE

Publisher

Subject

Economics, Econometrics & Finance

Description

INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE) is a scientific journal that publishes articles in the field of Business and finance that contain conceptual ideas in the fields of Economics, Accounting, Management, Business and finance. The scope is Human Resource Management, Marketing ...