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Corporate Social Responsibility Management

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  • Gulnara Raisovna Chumarina
  • Guzel Azatovna Abulkhanova

Abstract

This article considers current trends and features of the development of corporate social responsibility in Russia in the current crisis, the reasons for the lack of organizations activity in the social responsibility field. The article also determines the impact of the company's social policy on the formation of labour motivation and loyalty of company employees, a positive image of the company for both personnel and the environment. Social responsibility is relevant for all types and sizes of organizations, but it has received the greatest development in large public and the private business community. Russian companies are actively involved in this process. The number of such companies is increasing from year to year. Small and medium-sized businesses are gradually connecting to them. And in the current crisis, corporations and large companies are in an environment where charity projects are actually a ¡°matter of honour" for the company. The problem urgency of corporate social responsibility is due to modern requirements for companies presented by society and the authorities to conduct socially responsible business. In turn, this approach to doing business ensures the sustainable development of companies and leads to the creation of a favourable investment and reputation image.

Suggested Citation

  • Gulnara Raisovna Chumarina & Guzel Azatovna Abulkhanova, 2021. "Corporate Social Responsibility Management," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(1), pages 270-278, January.
    • Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:1:p:270-278
    DOI: 10.5430/ijfr.v12n1p270
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    References listed on IDEAS

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    1. Waris Ali & Jedrzej George Frynas & Zeeshan Mahmood, 2017. "Determinants of Corporate Social Responsibility (CSR) Disclosure in Developed and Developing Countries: A Literature Review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 24(4), pages 273-294, July.
    2. Alina Benyaminova & Martin Mathews & Paul Langley & Alison Rieple, 2019. "The impact of changes in stakeholder salience on corporate social responsibility activities in Russian energy firms: A contribution to the divergence/convergence debate," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1222-1234, November.
    3. Lassaad Ben Mahjoub, 2019. "Disclosure about corporate social responsibility through ISO 26000 implementation made by Saudi listed companies," Cogent Business & Management, Taylor & Francis Journals, vol. 6(1), pages 1609188-160, January.
    4. Ashraf Bataineh & Huthaifa Al-Karasneh & Bassam Aldaibat, 2018. "The Extent of Disclosure for Corporate Social Responsibility in the Financial Reports of Jordanian Pharmaceutical Companies," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 9(4), pages 88-96, October.
    5. Laura A. Henry & Soili Nysten-Haarala & Svetlana Tulaeva & Maria Tysiachniouk, 2016. "Corporate Social Responsibility and the Oil Industry in the Russian Arctic: Global Norms and Neo-Paternalism," Europe-Asia Studies, Taylor & Francis Journals, vol. 68(8), pages 1340-1368, September.
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