Financial Analytics: Science and Experience
 

Business social responsibility: World trends and domestic characteristics

Vol. 10, Iss. 8, AUGUST 2017

Received: 23 June 2017

Received in revised form: 24 July 2017

Accepted: 27 July 2017

Available online: 15 August 2017

Subject Heading: MONITORING OF ECONOMIC PROCESSES

JEL Classification: E03, I31, J14

Pages: 895–911

https://doi.org/10.24891/fa.10.8.895

Pashtova L.G. Financial University under Government of Russian Federation, Moscow, Russian Federation palelya@yandex.ru

Komel'kov M.V. Financial University under Government of Russian Federation, Moscow, Russian Federation academy@fa.ru

Importance The paper reveals the importance of researching the foundations of social business responsibility, the practice of applying this concept in Russia and abroad. The article deals with the most typical managerial problems of the constituent elements of corporate social responsibility.
Objectives The purpose of the article is to substantiate the importance of researching the principles and components of the social responsibility of business, reviewing the experience of foreign and Russian practices, and identifying trends and opportunities for the development of social business responsibility in Russia.
Methods The authors use analytical methods of research of social activity of Russian and foreign companies.
Results The analysis shows that in Russia, the most important internal constraining factor is the low level of social responsibility of companies' management.
Conclusions and Relevance When studying the material, it was found that the Russian practice of the CSR has not yet reached a sufficiently high level. But despite this, in the face of the ongoing economic crisis, the Russian companies do not reduce their socially-oriented costs.

Keywords: social responsibility, social protection, employed population, charity, corporate

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