Corporate social responsibility as a key of stable development: analysis of the enterprises of oil and gas industry

Apply

Corporate social responsibility as a key of stable development: analysis of the enterprises of oil and gas industry

Journal Title: Економічний аналіз - Year 2018, Vol 28, Issue 2

Abstract

Social responsibility of business takes a special place in the terms of modern development strategy of the economy of Ukraine. This responsibility suggests such direction of the enterprise activity, which takes into account not only the personal interests of the company, but also the needs of society. The continuation of European integration processes, the exit of companies into international markets require from the business entities appropriate openness and transparency, coverage of the goals of achieving the goal of the enterprise, the tools at which such a goal is achieved. The multidimensional nature of links, which are arising during the operational activity, leads to the existence of significant impact on the internal and external environment of the enterprise. Issues of corporate social responsibility of public-interest enterprises, which, in particular, are part of the oil and gas industry, are of particular relevance. The article analyses the current state of carrying out socially responsible activity at foreign and domestic enterprises of the oil and gas industry. The components of corporate social responsibility and their impact on the enterprise` functioning and on satisfaction of social needs are investigated. The socially responsible activity has positive nature, however, at the same time, there are certain barriers of the strategy` implementation within the framework of the mentioned activity, among which financing is a key issue that requires the enterprise to properly plan and analyse the costs of socially responsible doing business. The need for planning and evaluating corporate social responsibility programs is highlighted in the article. Using the example of gas transportation enterprise, the SWOT-analysis as an instrument of obtaining information for justified decision-making is reviewed.

Authors and Affiliations

Yevhen Ionin, Liliia Tarasenko

Keywords

corporate social responsibility. oil and gas industry. development strategy. inclusive economy. analysis of socially responsible activities. components of social responsibility. international standard. SWOT-analysis.

System of risk indicators of aggressive tax planning

In this article the approach as for the determination of risk of usage of aggressive tax planning schemes and the level of probability of such activities realization by taxpayers is described. It is defined with the cons...

Directions of adaptation of the NBU money and credit adjustment to the inflation targeting mode on the example of New Zealand

Introduction. The article deals with the main problems of adaptation of the NBU monetary and credit regulation to the inflation-targeting mode. The main reasons for the low efficiency of the introduction of world experie...

EP ID EP532965
DOI -
Views 78
Downloads 0