Impact of Corporate Social Responsibility (CSR) on the Financial Performance of firms

The work - "The Impact of Corporate Social Responsibility (CSR) on the Financial Performance of Firms" includes: an introduction, two chapters and seven paragraphs, accompanied by a conclusion, recommendations, list of references and an appendix.
The introduction presents the urgency of the problem, also aims, objectives, methods, theoretical and methodological foundations of the research and analysis of the current situation. The first chapter discusses the essence and importance of corporate social responsibility, the impact of social responsibility on various stakeholders, both in foreign and Georgian firms, based on which the impact of corporate social responsibility on the financial activities of firms is highlighted.
In the second chapter is analyzed the activities of firms and the factors that affect them. There is outlined that they shall focus not only on making commercial profits, but also on perception and expectation of interested groups, as they have a significant impact on the overall results of firms. There is discussed the relationship between corporate social responsibility and the financial activities of firms, which is still the subject of controversy.
The topic is new for Georgia, so no research has been conducted to study Georgian reality and interrelationships. Because of this reason, we did a small study, through which we have analyzed the current situation in our country.
In conclusion, we have analyzed and formulated recommendations. Their implementation will enable firms to understand better the importance of corporate social responsibility in future.