Corporate Social Responsibility and Financial Control

• Published in: International Journal of Professional Business Review Vol. 8; no. 1; p. e936
• Main Authors: Relaiza, Héctor Raúl Santa María, Núñez, Luis Alberto Lira, Temple, María Milagros Sánchez, Miranda, Percy Samuel Yabar, Bellido, Irma Esperanza Aybar
• Format: Journal Article
• Language: English
• Published: 2023
• Subjects: Citizen Approach; Financial Control; Organizational Behavior; Social Responsibility; Sustainable Policies
• ISSN: 2525-3654; 2525-3654
• DOI: 10.26668/businessreview/2023.v8i1.936

Purpose:   The objective of the study was to determine the relationship between CSR and financial control; to achieve this, references were taken from different authors reviewing the state of the art with the purpose of an exhaustive understanding of the subject.   Methodology: The research was based on a quantitative approach, non-experimental, cross-sectional design and a sample of 60 private educational institutions. Data were collected through two instruments that counted with reliability and validity: the CSR instrument obtained a reliability of 0.824 and the financial control, a 0.821.   Conclusions: As a result, it was found that 96.7% of the promoters showed high social responsibility and financial control of the institutions in their charge. Likewise, a Spearman's Rho of 0.769 was obtained with a p= 0.000. It is concluded that there is a direct, significant and positive relationship between CSR and financial control; therefore, it was determined that educational institutions, under the supervision of the Local Educational Management Unit, improve their financial control.   Implications of the Research: The world is focused on how companies practice corporate social responsibility (CSR) due to the fact that economic activities, which each company exercises, affect society and the environment.