Social responsibility as a factor in ensuring the competitiveness of a business organization

  • Received November 12, 2018;
    Accepted December 20, 2018;
    Published March 1, 2019
  • Author(s)
    Taras Kytsak
    ORCID Researcher ID
  • DOI
    http://dx.doi.org/10.21511/slrtp.8(2).2018.03
  • Article Info
    Volume 8 2018, Issue #2, pp. 27-34
  • TO CITE АНОТАЦІЯ
  • Cited by
    1 articles
  • 1246 Views
  • 235 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

The article investigates manifestations, trends and dominants of the concept of social responsibility of business; its impact on balanced social development has been determined. The active role of social responsibility in ensuring the stability and competitiveness of business processes has been substantiated. The aim of the research is to determine the impact of socially responsible practices on the socio-economic development of a business organization in modern conditions. The author determined his own interpretation of corporate social responsibility after having researched its essence and its impact on social and business processes. The list of potential benefits for a business organization from realization of social investments has been specified and supplemented. The content and essence of the construct of a socially responsible organization which focuses on the development and successful functioning in a dynamic market environment have been distinguished. The sphere of interaction of the business organization with the main stakeholders has been analyzed and potential directions of establishing a constructive dialogue that will have a positive impact on the stability and success of business processes have been outlined. Sociological research on the evaluation of the perception of social responsibility by business organizations in Ukraine and awareness of its values, trends and benefits has been analyzed. Conclusions regarding directions of strengthening of forming the environment of facilitating the spreading of the concept of corporate social responsibility have been justified. Keywords: corporate social responsibility, stakeholders, balanced social development, socially responsible practices, social investments, social reporting.

view full abstract hide full abstract
    • Figure 1. Піраміда корпоративної соціальної відповідальності.
    • Table 1. Мотиви реалізації практик соціальної відповідальності бізнес-організаціями.
    • Table 2. Напрями реалізації соціально відповідальних практик бізнес-організаціями
    • Belyaeva, I. Y. (2013). Корпоративная социальная ответственность: управленческий аспект [Korporativnaya sotsialnaya otvetstvennost: upravlencheskiy aspekt]. Moscow: KNORUS.
    • Bowen, H. (1953). Social responsibilities of the businessman. N.Y.: Harper & Row.
    • Carnegie, A. (2012). The gospel of wealth. Revija za socijalnu politiku, 19(2), 199-206.
    • Carroll, A. B. (1991). The pyramid of corporate social responsibility: toward the moral management of organizational stakeholders. Business horizons, 34(4), 43.
    • Davis, K. (1967). Understanding the social responsibility puzzle: what does the businessman owe to society. Business horizons, 10(4), 46-47.
    • Druker, P. (2012). Менеджмент. Вызовы ХХI века [Menedzhment. Vyzovy ХХI veka]. Moscow: Mann, Ivanov i Ferber.
    • European Commission (2010). Sustainable and responsible business. Corporate social responsibility (CSR).
    • Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times magazine, 13, 32-33.
    • Kolot, A. M. (2013). Corporate social responsibility and the public perception of the problem. Sotsialno-trudovi vidnosyny: teoriia i praktyka, 2(6), 6-16.
    • Zinchenko, А., & Saprykina, М. (2017). CSR development in Ukraine: 2010-2018 (52 p.). Кyiv: Printing house “Yuston».
Related Articles

  • The role of accounting in sustainable development

    Inna MakarenkoORCID Researcher ID, Alex PlastunORCID Researcher ID doi: http://dx.doi.org/10.21511/afc.01(2).2017.01
    Accounting and Financial Control Volume 1, 2017         Issue #2         pp. 4-12 Views: 7819 Downloads: 4774 TO CITE

    Ideology of Sustainable Development and Sustainable Development Goals influence the transformation of business processes in the companies. Professional accountants are important part of this transformation. In this paper the role of accounting in Sustainable Development Goals achievement is discussed. Different approaches to structuring the role of professional accountants in Sustainable Development are investigated. Among them are types of roles that perform accountants, their professional functions, skills and competencies in the corporate environment. As the result a holistic vision of the role of accounting in sustainable development in the new economic conditions is provided.

  • The relationship between corporate social responsibility and earnings management: accounting for endogeneity

    Hyunjung Choi , Byungchul ChoiORCID , Jungyoon ByunORCID doi: http://dx.doi.org/10.21511/imfi.15(4).2018.06
    Investment Management and Financial Innovations Volume 15, 2018         Issue #4         pp. 69-84 Views: 4658 Downloads: 549 TO CITE АНОТАЦІЯ

    This study examines the relationship between corporate social responsibility (CSR) and earnings management after controlling for endogeneity of CSR. Using a sample of non-financial firms listed on Korean Securities Market between 2002 and 2010, this study finds that ignoring endogeneity biases the estimated relation between CSR and earnings management. Specifically, the results show that the negative and significant relation between CSR commitment and discretionary accruals reported in the previous studies becomes insignificant. However, the negative and significant relation between CSR commitment and real activities manipulation remains significant even when the endogeneity of CSR commitment is taken into account. Therefore, this study provides evidence that proactive CSR engagement significantly affects firm’s practice of real activities manipulation, while it does not affect its practice of discretionary accruals. These results indicate that CSR commitment leads managers to be more responsible in management of operational activities than in accruals management.

  • Does board composition have an impact on CSR reporting?

    Patrick VelteORCID Researcher ID doi: http://dx.doi.org/10.21511/ppm.15(2).2017.02
    Problems and Perspectives in Management Volume 15, 2017         Issue #2         pp. 19-35 Views: 4517 Downloads: 1725 TO CITE АНОТАЦІЯ

    Corporate social responsibility (CSR) reporting plays a key role in management control, particularly in light of the increased demand for non-financial reporting after the financial crisis of 2008–2009. This literature review evaluates 47 empirical studies that concentrate on the influence of several board composition variables on the quantity and quality of CSR reporting. The author briefly introduces the research framework that underpins current empirical studies in this field. This is followed by a discussion of the main variables of board composition: (1) committees (audit and CSR committees), (2) board independence, (3) board expertise, (4) CEO duality, (5) board diversity (gender and foreign diversity), (6) board activity, and (7) board size. The author, then, summarizes the key findings, discusses the limitations of the existing research and offers useful recommendations for researchers, firm practice and regulators.

Download Preview
Close
Social and labour relations: theory and practice
Social and labour relations: theory and practice