Influence of Institutional Factors upon the Process of Formation of Social Responsibility of Business in Ukraine
Journal Title: Бізнес Інформ - Year 2014, Vol 5, Issue 0
Abstract
The article analyses the modern state and prospects of development of social responsibility of business (SRB) in Ukraine with consideration of foreign experience. It justifies urgency of study of influence of institutional factors upon formation of SRB. In the result of the study the article allocates factors of development of SRB in Ukraine, identifies priority vectors of relations between the state, business and consumers. It marks that effect from realisation of the National Strategy of Social Responsibility of Business mainly depends on institutional mechanisms. It considers benefits of business from execution of principles of social responsibility and main obstacles on the way of establishment and development of SRB. The prospect of further studies in this direction is the study of institutional mechanisms of propagation of SRB among domestic economic subjects, which should be based on international experience and correspond with the current tasks of state development, in particular, by issues of development of competitiveness of economy and increase of quality of life of citizens, and also take into account needs of further development of SRB as an instrument of state stimulation.
Authors and Affiliations
Natalia Sokol
Keywords
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