Analysis of Congruency Effects of Corporate Responsibility Code Implementation on Corporate Sustainability in Bio-Economy

Abstract

The present study attempts at providing an overview of the congruency effect of social
 reporting on corporate sustainability in bio-economy. The paper was structured to identify
 the main congruency forces that can constitute both the strategic and operational
 dimensions linked to the implementation of a corporate responsibility code within
 companies from the bio-economy sector. Research has shown that the congruency effect is
 stronger when companies report a greater tendency towards social reporting and pay more
 attention to the relationships with stakeholders. Moreover, the results of the study aimed to
 shed a new light on the role of a company’s social identity both in its internal process and
 in consolidating its position in the market by using CSR reporting elements