The impact of corporate respect for human rights on the competitiveness and long-term business stability

Čertanec, Ana (author)

Business enterprises operate in a constantly changing business environment. If they are to be successful in the long term they need to be constantly adapting to new situations and seeking new ways of improving their competitiveness. While the classic theories argue that businesses only have economic goals, modern ones emphasize the importance of broader social goals, such as ensuring long-term stability and protecting the interests of all stakeholders. This also involves respecting human rights but enterprises too often neglect this responsibility, seeing it as an unnecessary financial burden. In this paper the author argues that long-term respect for human rights has a positive impact on competitiveness and long-term business stability. The author first defines the basic terms before presenting the theoretical foundations for a positive correlation between corporate respect for human rights and competitiveness and long-term business stability. Finally, the author presents the results of her own empirical study.

• Language: English
• Keywords: human rights law, business, competitiveness, corporate respect for human rights, long-term business stability, corporate social responsibility
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Version of Record
• Year: 2020
• Number of pages: Str. 17-39
• Numbering: Vol. 1, iss. 2
• PID: 20.500.12556/RUL-125241
• UDC: 005.3
• ISSN on article: 2706-4743
• DOI: 10.47954/ijcbe.1.2.2
• COBISS.SI-ID: 53485571
• Publication date in RUL: 09.03.2021

Record is a part of a journal

• Title: International journal of contemporary business and entrepreneurship
• Shortened title: Int. j. contemp. bus. entrep.
• Publisher: The Entrepreneurship Club
• ISSN: 2706-4743
• COBISS.SI-ID: 33430787

Licences

• License: CC BY 4.0, Creative Commons Attribution 4.0 International
• Link: http://creativecommons.org/licenses/by/4.0/
• Description: This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.
• Licensing start date: 09.03.2021

Secondary language

• Language: Slovenian
• Keywords: podjetje, management, uspešnost poslovanja, enterprises, management, business efficiency