IDEAS home Printed from https://ideas.repec.org/a/vrn/cfdide/y2020i1p28-42.html
   My bibliography  Save this article

Tools For Regulationof Corporate Social Responsibility

Author

Listed:
  • Diana Antonova

    (“Angel Kanchev“ University of Ruse, Bulgaria)

  • Irina Kostadinova

    (“Angel Kanchev“ University of Ruse, Bulgaria)

  • Milena Todorova

    (“Angel Kanchev“ University of Ruse, Bulgaria)

Abstract

Corporate social responsibility regulation tools are being implemented within the key CSR realization areas. This does not mean that companies should strive to cover all CSR topics and areas. Not only is this impossible, but it would also prevent the company from concentrating its efforts on its most important strategic development areas. Of course, some areas of corporate responsibility are equally important in practice for all organizations.For example, responsible behavior towards co-workers and reducing negative environmental impacts, including the organization of green offices. Other CSR policy areas and tools can be extremely important for some organizations, but may be out of date for others. In determining priority directions of CSR, companies should primarily be oriented to the specifics of their business. This is important because CSR should organically fit into the strategy, policy, company management system and downplay all business processes. The purpose of the report is to present a viewpoint of the authors, supported by the results described in their analytical reports on company CSR policies in Bulgaria. The thesis is that companies are obliged to look at what they do within its core business from the perspective of CSR and think how they can produce and sell their products with greater benefit to society and the environment.The report systematizes 6 groups of instruments for regulating CSR and describes the directions for their implementation. The examples of good practices of large and medium-sized companies operating in Bulgaria are given.

Suggested Citation

  • Diana Antonova & Irina Kostadinova & Milena Todorova, 2020. "Tools For Regulationof Corporate Social Responsibility," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 28-42.
  • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:28-42
    as

    Download full text from publisher

    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T3_2020.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    CSR implementation; Responsible staff practices; Environmental protection; Responsible business practices; Consumer practices; Development of local communities; Philanthropy;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:cfdide:y:2020:i:1:p:28-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zoya Mladenova (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.