A Study on the Models for Corporate Social Responsibility of Small and Medium Enterprises

The role of small and medium enterprises (SMEs) in corporate social responsibility (CSR) has attracted increasing attention and interest in recent years. The purpose of this study is to build some relevant models of CSR which are the foundations of empirical study later. The paper begins by an overview of the CSR literature in the context of seven step model for CSR and differences between corporate and small businesses. Noting the general lack of theoretical framework in the literature, the paper then presents relevant theoretical models of CSR that could be useful in conducting further research on CSR and SMEs. The study is qualitative in nature, capitalizing on a comparative research design to highlight differences in CSR orientations between SMEs and MNCs. The research is presented and implications are drawn regarding the peculiar relational attributes of SMEs in the context of CSR generally, and developing countries more specifically, and how this inclination can be further nurtured and leveraged. Further research can seek to highlight how to leverage this natural affinity to CSR among SMEs detected in this study in pursuit of more systematic engagement and more benefits.