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  • Корпоративная социальная ответственность или государственное регулирование: институциональный анализ с приложением к России

Working paper

Корпоративная социальная ответственность или государственное регулирование: институциональный анализ с приложением к России

The paper considers corporate social responsibility (CSR) as an institutional alternative to government regulation, which implements Coase-type bargains between corporations and their stakeholders. Comparative analysis of costs and benefits of these two institutions presented in the paper provides basis for explanation and assessment of various CSR models. Russian CSR is used as an illustration; our analysis reveals strong institutional complementarity between CSR, on the one hand, and protection of property rights and availability of social capital, on the other.