Socially responsible business in trade: further development in Ukraine and Russia
-
DOIhttp://dx.doi.org/10.21511/ppm.15(3-2).2017.12
-
Article InfoVolume 15 2017, Issue #3, pp. 445-452
- Cited by
- 945 Views
-
182 Downloads
This work is licensed under a
Creative Commons Attribution-NonCommercial 4.0 International License
A socially responsible business is of considerable interest to a wide range of subjects, since it provides significant benefits to all members of society. Such business solves the social problems of residents with their direct participation, that is, with maximum consideration of their interests and, therefore, it becomes widespread in the contemporary global practices. Therefore, the recommendations regarding further development of social responsibility of businesses in Ukraine and Russia, in particular, in the field of trade, are highly relevant, which has determined the chosen topic.
The purpose of this study is to assess the level of social responsibility of business enterprises in Ukraine and Russia and to formulate recommendations for its further development.
The research revealed insufficient level of development of social responsibility of business in the field of trade in two countries. The study of the programs of social responsibility in the most active companies in two countries on this issue showed that consumer support programs are the most widespread. However, according to the official research results, the populations of Ukraine and Russia expect more active support from the staff of these companies.
The work substantiated the expediency of creating a single state information resource of general use, which should accumulate the most important social projects in each country. It also proved the necessity to increase the participation of civic organizations in the implementation of joint social and trade activities, which requires the creation of the appropriate legal conditions.
Ultimately, trading companies are encouraged to increase the volumes of funding for the prioritized areas of socially responsible investments, that is, to intensify the development of social responsibility to support labor practices.
- Keywords
-
JEL Classification (Paper profile tab)F10, M14, M21
-
References24
-
Tables3
-
Figures0
-
- Table 1. Social activity of some trade organizations in Russia
- Table 2. Social activity of some trade organizations in Ukraine
- Table 3. The level of development of regular social activities by Ukrainian and Russian trade companies
-
- Baksha, N. V., Danilyuk, A. A. (2012) Корпоративная социальная ответственность [Korporativnaya sotsialnaya otvetstvennost] (292 p.). Tyumen: University of Tyumen.
- Bowen, H. R. (1953). Social Responsibilities of the Businessman (pp. 6-7). New York: Harper & Rowp.
- Carroll, A. B. (1979). A three-dimensional conceptual model of corporate social performance. Academy of Management Review, 4, 497-505.
- Davis, K. (1960). Can business afford to ignore social responsibilities? California Management Review, 2, 70-76.
- Friedman, M. (1970). The social Responsibility of Business Is to Incriase Its Profits. New York Times Magazine, September 13, 173-174.
- Giannarakis, G., Konteos, G., Zafeiriou, E., & Partalidou, X. (2016). The impact of corporate social responsibility on financial performance. Investment Management and Financial Innovations, 13(3-1).
- Green Paper Promoting a European framework for Corporate Social Responsibility (Brussels, July 18, 2001).
- Ivanov, G. G., Mayorova, E. A., & Nikishin, A. F. (2016). Social trading performance in Russian regions. International Journal of Economic Research, 13(9), 3991-3999.
- Kobo, Kgabo L., Ngwakwe, Collins C. (2017). Relating corporate social investment with financial performance. Investment Management and Financial Innovations, 14(2- 2), 367-375.
- Лучшие социальные проекты [Luchshie sotsialnye proekty].
- Mayorova, E. A., & Lapitskaya, N. V. (2016). Assessment of customers’ perception of social responsibility of trade business. International Journal of Economics and Financial Issues, 6(2), 158-163.
- Mynhardt, H., Makarenko, I., Plastun, A. (2017). Market efficiency of traditional stock market indices and social responsible indices: the role of sustainability reporting. Investment Management and Financial Innovations, 14(2), 94-106.
- О государственно-частном партнерстве, муниципально-частном партнерстве в Рос-сийской Федерации и внесении изменений в отдельные законодательные акты Российской Федерации: закон Российской Федерации от 13.07.2015 N 224-ФЗ [O gosudarstvenno-chastnom partnerstve, munitsipalno-chastnom partnerstve v Rossiyskoy Federatsii i vnesenii izmeneniy v otdelnye zakonodatelnye akty Rossiyskoy Federatsii: zakon Rossiyskoy Federatsii: zakon Rossiyskoy Federatsii ot 13.07.2015 N 224-FZ].
- Перечень государственных программ Российской Федерации: Распоряжение Правительства РФ от 11 ноября 2010 г. № 1950- р. [Perechen gosudarstvennyih programm Rossiyskoy Federatsii: Rasporyazhenie Pravitelstva RF ot 11 noyabrya 2010 goda no 1950-r].
- Про державні цільові програми: закон України від 18.03.2004 р. №1621-IV (ред. від 02.12.2012 р.) [Pro derzhavni tsilovi programy: zakon Ukrainy vid 18.03.2004 r. No 1621-IV] (red. vid. 02.12.2012 r.)
- Российский статистический ежегодник 2015: статистический сборник. М.: Росстат, 728 с. [Rossiyskiy statisticheskiy ezhegodnik 2015: statisticheskiy sbornik] (728 p.). Moscow: Rosstat.
- Saleh, M. H. T., Ebeid, A. Y., & Abdelhameed, T. A. (2015). Customers’ perception of Corporate Social Responsibility (CSR): its impact on word-of-mouth and retention. Innovative, Marketing, 11(2).
- Sariannidis, N., Giannarakis, G., Partalidou, X., Evangelos, B. (2017). The effect of Dow Jones Sustainability Index on Consumer Sentiment Index. Investment Management and Financial Innovations, 14(1), 89-95.
- Shubin, A. A., & Sadekov, A. A. (2009). Развитие внутренней торговли: Украина, Россия, Беларусь [Razvitie vnutrenney torgovli: Ukraina, Rossiya, Belarus] (550 p.). Donetsk: DonNUET.
- Соціально-економічний розвиток України в 2015 році [Sotsialno-ekonomichnyi rozvytok Ukrainy v 2015 rotsi]. (2015). Державна служба статистики України [Derzhavna sluzhba statystyky Ukrainy].
- Социально ориентированный бизнес может получать субсидию в рамках программы поддержки малого и среднего предпринимательства [Sotsialno orientirovannyi biznes mozhet poluchat subsidiyu v ramkakh programmy podderzhki malogo i srednego predprinimatelstva]. Министерство экономического развития РФ [Ministerstvo ekonomicheskogo razvitiya RF].
- Sukhonos, V., & Makarenko, I. (2017). Sustainability reporting in the light of corporate social responsibility development: economic and legal issues. Problems and Perspectives in Management, 15(1-1), 166-174.
- Tulchinskiy, G. L. (2012). Корпоративные социальные инвестиции и социальное партнерство: технологии и оценка эффективности [Korporativnye sotsialnye investitsii i sotsialnoe partnerstvo: tekhnologii i otsenka effektivnosti] (236 p.). St. Peterb.: NIUVSE.
- Velte, P. (2017). Does board composition have an impact on CSR reporting? Problems and Perspectives in Management, 15(2), 19-35.