INDEX METHOD FOR ASSESSING THE SOCIO-ECONOMIC RESPONSIBILITY OF ENTREPRENEURSHIP: INTERNATIONAL AND UKRAINIAN EXPERIENCE
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 6, Issue 62
Abstract
To assess the social responsibility of business (CSR) and socio-economic responsibility of entrepreneurship (SERE) as its component, different methods are used: qualitative, quantitative, rating. The latter are compiled on the basis of indices that are calculated in different areas and indicators and cover different fields of application. The index method for estimating CSR is quite common in international practice. Today, in the world business environment, there is a practice of ranking socially responsible companies based on the fund and non-fund indexes, which determine the level of social responsibility of companies within a certain scale of assessment. Specialized indexes, which determine the level of social responsibility of a company, can be divided into: – stock indices (DSI 400 (Domini Social Index 400), DJSI (Dow Jones Sustainability Index), FTSE4Good, and others); – non-fund indexes and ratings (Accountability Rating; Business in the Community’s Corporate Responsibility Index; Social Index of the Danish Ministry of Social Policy; and others). There are a number of indexes in the world that build ratings, they can be divided into stock and nonfunded, but not all of them can be used in the analysis of the SERE, because some of them have a purely environmental aspect, without connection with others. The indices that are useful for assessing the CSR are Dow Jones Index, Domini Social Index, FTSE4 Good, Corporate Philanthropy Index, Corporate Responsibility Index. Ukraine has also developed the Transparency Index, 2011, which assesses the activities of enterprises not only as a result of CSR but also as it is highlighted. This index has a number of disadvantages: first, it evaluates those companies that are included in the ranking of Forbes Top-200, and secondly, it is more focused on the analysis of sites, while not all companies cover their recent events in this area. Although, this approach is closer to modern ones. This Index can also be used to assess the SERE, as built on social reporting, which is a tool for the socio-economic responsibility of entrepreneurship. It also takes into account the financial performance of the company, which is an important element of the economic basis of social responsibility of the business.
Authors and Affiliations
M. M. Dielini
Keywords
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