Корпоративная социальная ответственность и результаты деятельности банков на российском рынке
In this article corporate social responsibility (CSR) of banks on the Russian market is considered. Empirical studies of different countries have proved the influence of CSR on organizational performance of business organizations. Based on the analysis of Russian publications it can be concluded that there is a great interest to the problems of corporate social responsibility from scientific and business communities. However, there is a lack of research studying the relationship between CSR and financial performance of Russian companies, especially in the field of a specific industry. In order to fill the determined gap the research on correlation between CSR and financial indicators of Russian banks was conducted. The choice of the object of the research is not casual and is related to the high importance of banking sector for the economy of any country.
The current research has confirmed that CSR is one of the key corporate values in Russian banking industry. An analysis of official websites of banks, codes of ethics and corporate behavior has demonstrated the main projects in the sphere of corporate social responsibility. For studying the relationship between CSR and organizational performance in banking industry correlations were examined in SPSS program. The research has not found statistically significant correlations between corporate social responsibility and organizational performance of banks.
Increased attention and focus has been laid on the strategic importance of intellectual capital for modern management. However, intangible resources appear difficult to measure. Today, there are several methods, both financial and nonfinancial ones that allow managing them, to provide benchmarking and analyze its value added function (Sveiby, 2007). The rare investigations of intellectual capital in Russian enterprises show that “Almost in all industries it is still more profitable to invest in tangible assets rather than in intangible ones” (Volkov, Garanina, 2007). Still, some investigations on the micro level show that there are enterprises with high level of technological capital and innovative activity. The researchers called them “innovative leaders” and empirically proved that they have high labour productivity and are awarded by market through extra profit (Gonchar et al., 2010). Using the research sample and Pulic’s Value Added Intellectual Coefficient (VAIC™) the authors investigate empirically the dynamics and structure of VAIC, and study the relation between the intellectual capital and indicators of organizational performance, such as labour productivity, sales growth and profitability. Additionally, the VAIC™ model allows analysing the role of human, structural and physical capital. This paper outlines the study based on 350 Russian industrial enterprises’ annual statistical and account reports from 2005 through 2007. Besides, the authors adopt the VAIC calculation according to the Russian accounting system’s specifications and limitations. The findings support the hypothesis that a company’s intellectual capital influences favourably the organizational performance, and may indicate future competitiveness. A proof showing that the explanatory power of models is higher when considering the additional variables such as investment in fixed capital, R&D expenditures and a company’s size is represented. The results extend the understanding of the intellectual capital role in creation of sustainable advantages for companies in developing economies where different technological advancements may bring different implications for organizational value creation efficiency.
Article represents the results of the research of practical approaches to corporate social responsibility programs (CSR) management in Russian sustainable development oriented companies. Some features of CSR as a management tool were described according to modern Russian business conditions. Author suggests the model of mechanisms of corporate social responsibility programs management for sustainable development oriented companies.
The article contains the analysis of the development trends in foreign corporate reporting, and on the authors' opinion, Corporate Social Responsibility reflected in the corporate reporting now goes mainstream worldwide. Such integrated reporting, including financial and non-financial component, is now in the focus of interest and therefore requires standardization and significant enhancements in the area of relevance and reliability. This calls for creation of integrated reporting framework, making mandatory reporting on these issues not only desirable but inevitable. This article contains the most recent definitions of corporate social responsibility, reporting on sustainable development and responsible investor, who factors the reporting data in the investment decision making. Authors perform an analysis of recent activities of the international and intergovernmental organizations involved in the process of creating regulatory regime of sustainability and integrated reporting, as well as recently published in 2010 research studies and reports by intergovernmental organizations as well as independent consultants.
The role of foreign direct investment initiatives is pivotal to effective enterprise development. This is particularly vital to emerging economies that are building their presence in international business markets.
"Outward Foreign Direct Investment (FDI) in Emerging Market Economies" is a comprehensive source of academic material on the progressive impact of investment opportunities in the context of developing nations. Highlighting pivotal research perspectives on topics such as trade, sourcing strategies, and corporate social responsibility, this book is ideally designed for academics, practitioners, graduate students, and professionals interested in the economic performance of emerging markets.
Russian multinational enterprises (MNE) expanded widely in the late 1990s through the summer of 2008 at the onset of the global financial crisis of 2008. The emerging market MNEs have now become a subject of intensive study with a particular focus on the actions and behaviors of firms from Brazil, Russia, India, China, and South Africa (BRICS). This paper attempts to flesh out the reputational and corporate social responsibility (CSR) aspects of this internationalization process. The paper finds that in select cases the reputation of a Russia MNE does play a role in their activities and that these emergent firms recognize host country stakeholders as an audience for concern when conducting OFDI.
The game-theoretic model developed in this article formulates the conditions required for the incorporation the corporate social responsibility (CSR) policy into the business as a mechanism of signaling. The model is based on the following principles: the Cournot model, the segmentation of consumers by their health deterioration risk attitude, the choice about CSR strategy by producers of low and high quality of food products. Results of the model show that the nonoccurrence of CSR in Russia is subject to the small share of health-conscious consumers and the lack of support and regulation of the state.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.
портовый менеджмент, показатели деятельности, анализ эффективности, система учета, распределение издержек, методы анализа деятельности портовой системы
At present many industries reveal tendency for setting up of vertically integrated companies (VIC) the structure of which unites all technological processes. This tendency proved its efficiency in oil industry where coordination of all successive stages of technological process, namely, oil prospecting and production -oil transportation - oil processing - oil chemistry - oil products and oil chemicals marketing, is necessary. The article considers specific features of introduction of "personnel management" module at enterprises of oil and gas industry.
vertically integrated companies; personnel management