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

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 cons...

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Main Authors: Т. BONDARUK, І. BONDARUK
Format: Article
Language:Ukrainian
Published: National Academy of Statistics, Accounting and Audit 2020-03-01
Series:Naukovij Vìsnik Nacìonalʹnoï Akademìï Statistiki, Oblìku ta Auditu
Subjects:
Online Access:https://nasoa-journal.com.ua/index.php/journal/article/view/206
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author Т. BONDARUK
І. BONDARUK
author_facet Т. BONDARUK
І. BONDARUK
author_sort Т. BONDARUK
collection DOAJ
description 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).
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spelling doaj.art-7e5ec86b21e54a369d6dd96c29eb15f92022-12-22T00:46:58ZukrNational Academy of Statistics, Accounting and AuditNaukovij Vìsnik Nacìonalʹnoï Akademìï Statistiki, Oblìku ta Auditu2520-68342521-13232020-03-011-2586510.31767/nasoa.1-2.2020.06206The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of BusinessТ. BONDARUK0І. BONDARUK1National Academy of Statistics, Accounting and AuditPavlo Tychyna Uman State Pedagogical UniversityThe 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).https://nasoa-journal.com.ua/index.php/journal/article/view/206social 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.
spellingShingle Т. BONDARUK
І. BONDARUK
The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business
Naukovij Vìsnik Nacìonalʹnoï Akademìï Statistiki, Oblìku ta Auditu
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.
title The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business
title_full The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business
title_fullStr The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business
title_full_unstemmed The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business
title_short The Economic Nature of the Organizational and Economic Mechanism for Corporate Social Responsibility of Business
title_sort economic nature of the organizational and economic mechanism for corporate social responsibility of business
topic 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.
url https://nasoa-journal.com.ua/index.php/journal/article/view/206
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