The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business

Keywords: social responsibility organizational and economic mechanism for corporate social responsibility, government regulation of corporate social responsibility, shared regulation of corporate social responsibility, self-regulation of corporate social responsibility.

Abstract

The issue of theoretical foundations of the economic nature of the organizational and economic mechanism of social responsibility of business is elaborated on. It is demonstrated that the organizational and economic basis for the mechanism designed to regulate corporate social responsibility is consisted of government regulation, shared regulation and self-regulation of corporate social responsibility. The central objectives of the regulatory policy of corporate social responsibility are highlighted: to engage business entities in solving social and economic problems; to introduce the innovation-driven model for fostering the social responsibility; to create new jobs and reduce unemployment.  

The authors’ definition of the organization and economic mechanism for corporate social responsibility is proposed: a set of organizational and economic measures aimed to trigger interactions between business entities and the state for fostering social responsibility, implemented through regulatory acts and on the business entities’ initiative, in order to attain the sustainable development through creating partner relations of the state, business and society.      

It is demonstrated that the organizational and economic mechanism for corporate social responsibility constitutes a multi-tier hierarchical system of organizational and economic components (functional components: entities, objects, principles), tools for mechanism implementation (tools of organizational, economic and social nature), and methodological support (administrative, economic, index and rating methods).    

Downloads

Download data is not yet available.

References

Novikova O. F., Deich M. Ye., Pankova O. V. et al. (2013). Diahnostyka stanu ta perspektyv rozvytku sotsialnoi vidpovidalnosti v Ukraini (ekspertni otsinky) [Diagnostics of the state and prospects of the social responsibility in Ukraine (expert assessment)]. Donetsk [in Ukrainian].

Plahotnyiy A. F. (1981). Problema sotsialnoy otvetstvennosti [The problems of social responsibility]. Kharkov: Vyshcha shkola [in Russian].

Seliverstova L. S., Losovska N. V. (2019). Pidkhody do formuvannia orhanizatsiino-ekonomichnoho mekhanizmu upravlinnia sotsialnoiu vidpovidalnistiu biznesu [Approaches to the formation of organizational and economic mechanism for managing business social responsibility]. Ekonomika ta derzhava – Economics and the State, 7, 13–16 [in Ukrainian].

Bondaruk T. H., Bondaruk I. S. (2019). Derzhavne rehuliuvannia rozvytku maloho biznesu i yoho sotsialnoi vidpovidalnosti [Regulation of small business development and its social responsibility]. Naukovyi visnyk Natsionalnoi akademii statystyky, obliku ta audytu – Scientific bulletin of the National Academy of Statistics, Accounting and Audit, 3, 111–119. Doi:10.31767/nasoa.3.2019.10.

Friedman M. The Social Responsibility of Business is to Increase its Profits. The New York Times Magazine, 1970, September 13, pp. 32–33, 122–126.

Howitt R. (2003). The EU Parliament’s view on the future of social responsibility. SEAL, winter, pp. 42–43.

Zahorodnii A. H., Vozniuk H. L. (2007). Finansovo-ekonomichnyi slovnyk [Financial and economic glossary]. Kyiv: Znannia [in Ukrainian].

Kutsenko A. V. (2008). Orhanizatsiino-ekonomichnyi mekhanizm upravlinnia efektyvnistiu diialnosti pidpryiemstv spozhyvchoi kooperatsii Ukrainy [Business performance management in the consumer cooperation in Ukraine: the organizational and economic mechanism]. Poltava: RVV PUSKU [in Ukrainian].

Moskalenko V. P., Shipunova O. V. (2003). Finansovo-ekonomicheskiy mehanizm promyishlennogo predpriyatiya [The financial and economic mechanism of industrial enterprise]. V. P. Moskalenko (ed.). Sumy: Dovkillya [in Russian].

Lysenko Yu. Yehorov P. (1997). Orhanizatsiino-ekonomichnyi mekhanizm upravlinnia pidpryiemstvom [The organizational and economic mechanism for business management]. Ekonomika Ukrainy – Economy of Ukraine, 1, 86–97 [in Ukrainian].

Korotkov E. М. (1998). Kontseptsiya menedzhmenta [The concept of management]. Мoscow: DsКА [in Russian].

Akhnovskaya I. O., Lepikhova O. Yu. (2016). Mekhanizm vprovadzhennia korporatyvnoi sotsialnoi vidpovidalnosti na pidpryiemstvakh Ukrainy [The mechanism for introducing corporate social responsibility in Ukrainian enterperises]. Ekonomika i orhanizatsiia upravlinnia – Economics and organization of management, 1(21), 36–44 [in Ukrainian].

Kovalenko Ye. V. (2017). Formuvannia orhanizatsiino-ekonomichnoho mekhanizmu upravlinnia korporatyvnoiu sotsialnoiu vidpovidalnistiu [Forming the organizational and economic mechanism for management of corporate social responsibility]. Ekonomika i finansy – Economics and finance, 2, 47–57.

Belyaeva I. Yu., Puhova M. M. (2017). Integratsiya korporativnoy sotsialnoy otvetstvennosti v sistemu korporativnogo upravleniya Rossii [Integration of corporate social responsibility to the system of corporate governance in Russia]. Ekonomicheskie sistemy – Economic systems, vol. 10, issue 2(37), 20–23 [in Russian].


Abstract views: 133
PDF Downloads: 62
Published
2020-03-01
How to Cite
BONDARUKТ., & BONDARUKІ. (2020). The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business . Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, (1-2), 58-65. https://doi.org/10.31767/nasoa.1-2.2020.06