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Institutions in the Context of Implementing the CSR Concept and Social Trust

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Listed:
  • Grayna Wolska
  • Iwona Bak
  • Maciej Oesterreich
  • Joanna Hawlena

Abstract

Purpose: The purpose of considerations undertaken in this paper is to emphasize the importance of public trust in institutions and to draw attention to the important (but often marginalized) relationship between institutions and the implementation of the CSR concept. Approach/Methodology/Design: The following research methods will be used in the article: wide range review of literature sources, descriptive method and selected methods of descriptive statistics (taxonomic measure of development and measures of correlation). Findings: The presented analysis shows that the perception of benefits associated with integration with the EU is not conditioned by trust in it as an institution. Importantly, trust in the EU is not affected by respondents’ perception of national and regional centers of power. Practical Implications: Changes in economies that took place recently caused the need for an interdisciplinary approach to economic research and a new definition of economics as a research field. They also make it necessary to recognize and identify social, economic, technical and cultural issues. The subject matter discussed in the paper refers to issues related to social initiatives such as the concept of corporate social responsibility (CSR) and the importance of institutions in the effective implementation of the CSR idea. The analyzed issues are considered in the cultural and institutional cognitive perspective. Originality/Value: The article raises an important social problem of public trust in institutions and the impact of institutions on the speed of dissemination of the concept of corporate social responsibility.

Suggested Citation

  • Grayna Wolska & Iwona Bak & Maciej Oesterreich & Joanna Hawlena, 2020. "Institutions in the Context of Implementing the CSR Concept and Social Trust," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 131-146.
    • Handle: RePEc:ers:journl:v:xxiii:y:2020:i:3:p:131-146
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    References listed on IDEAS

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    1. Douglass C. North, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter.
    2. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    3. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    4. Vitaliy Vasilievich Biryukov & Elena Vasilievna Romanenko, 2017. "Economic Behavior of Business Entities, Culture and Institutions: Specifics of their Interrelations in Conditions of Neo-Industrialization," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 370-385.
    5. Iuliia Platonova & Maksim Tcvetkov & Olga Chkalova & Marina Efremova, 2017. "The Mechanism of CSR Beliefs Dissemination: From Idea to Institution or Vice Versa," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 65-89.
    6. Tony Lawson, 2009. "The current economic crisis: its nature and the course of academic economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 759-777, July.
    7. J. Andres Faina & Antonio Garcia-Lorenzo & Jesus Lopez-Rodriguez, 2002. "European Constitutional Political Economy: Enlargement and the Crisis of Institutional System," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 45-58, July-Dece.
    8. T.N. Savina, 2016. "The Institutionalization of the Concept of Corporate Social Responsibility: Opportunities and Prospects," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 56-76.
    9. Goldin, Ian & Reinert, Kenneth, 2012. "Globalization for Development: Meeting New Challenges," OUP Catalogue, Oxford University Press, number 9780199645572.
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    Cited by:

    1. Mohammed L. Ashour & Nafez N. Ali & Mahmoud S. Allan, 2020. "Corporate Social Responsibility and Competitive Advantage: Relationships and Mechanisms," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 161-175.

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    More about this item

    Keywords

    Institutions; corporate social responsibility; social trust; cultural sphere of management; neoliberal economics; statistical analysis.;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General

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