Corporate Social Responsibility: Wirtschaftsmodelle – Moral – Erfolg – Nachhaltigkeit / Корпоративная социальная ответственность: Экономические модели – Мораль – Успех – Устойчивое развитие
The book considers how to make the methodology of business ethics more scientific, especially its normative branch. Storchevoy explores the attempts of economic theory to contribute to the scientific normative analysis of economic behavior, particularly the welfare economics of 1910-1950 and methodological discussions of economics and ethics from 1980-2015. He then examines the development of the methodological structure of business ethics in general since the 1980s and the scientific validity of normative business ethics, including stakeholder theory, the separation thesis, integral social contract theory, corporate social responsibility, virtue ethics and other frameworks. He concludes by suggesting an additional step to make business ethics a more systematic discipline by developing a typology of moral issues and dilemmas. Business Ethics as a Science will be a thought-provoking resource for students and practitioners of business ethics and economists alike.
Ethics is becoming increasingly important for business. This trend is reflected in modern corporate and contract practice of entrepreneurs. This writing addresses means and methods of corporate and contract regulation in support of ethical norms and standards in business environment. The newest best practices of major international and Russian corporations that proved to be most efficient are being emphasized.
Principles, mechanism of corporate social responsibility in the finance sector are examined
Over the last few years the issue of sustainable development has become increasingly important in the world. Global demand for environmentally friendly products and services, such as healthy lifestyles (green buildings, organic products, eco-tourism), alternative medicine and personal growth, is growing every year. According to experts this is one of the fastest growing markets in the world economy. One key condition for the transition to sustainable development is the formation of a “green economy”. According to the definition given in the reports by the United Nations Environment Programme, a “green economy” is one that enhances the welfare of the people and ensures social justice and thus significantly reduces environmental risk and degradation. The concept of "green management" inextricably linked with the "green" economy" is not thoroughly and exhaustively disclosed in the modern literature. Using the methodology of historical research, this paper proposes a consistent disclosure of the term. The empirical method revealed the impact of environmental information disclosure on the financial statements and decision-making by managers in relation to environmental cost management.
The issue highlights the concept of socially responsible business, basic approaches to the role of the socially responsible business as the factor of the sustainable economic development.
Over the past few decades, the concept of corporate social responsibility (CSR) has been growing exponentially, and this suggests that this topic and its impact on the financial performance of the company, on its financial condition is becoming more relevant and, as a result, deserves closer attention of researchers. The relevance of the CSR problem is due to the fact that the rules that are required from business as a participant in the processes of production and consumption, oblige organizations to take into account the social and environmental areas of activity. In such circumstances, firms are beginning to find ways to combine social, economic and environmental performance in order to maintain competitiveness. The purpose of this work is to study the impact of corporate social responsibility on the financial performance of companies and identify the relationship between them. The results of the study show that there is a significant positive relationship between CSR and return on equity, as well as return on assets of the company. However, it is proved that the share price can not depend on whether the company follows the principles of CSR or not.
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.
We address the external effects on public sector efficiency measures acquired using Data Envelopment Analysis. We use the health care system in Russian regions in 2011 to evaluate modern approaches to accounting for external effects. We propose a promising method of correcting DEA efficiency measures. Despite the multiple advantages DEA offers, the usage of this approach carries with it a number of methodological difficulties. Accounting for multiple factors of efficiency calls for more complex methods, among which the most promising are DMU clustering and calculating local production possibility frontiers. Using regression models for estimate correction requires further study due to possible systematic errors during estimation. A mixture of data correction and DMU clustering together with multi-stage DEA seems most promising at the moment. Analyzing several stages of transforming society’s resources into social welfare will allow for picking out the weak points in a state agency’s work.