Responsible Innovations and Value Creation: The Case of Leading Russian Companies

Yury Blagov ()

No 8604, Conference Papers from Graduate School of Management, St. Petersburg State University

Abstract: Creating social value through philanthropy continues to be the most favorable goal of the corporate social performance of leading Russian companies due to the implicit social contract that was created in the mid of 1990s. Nevertheless, since the mid 2010's some companies have started to reorient their philanthropic support into the innovative creation of "true" shared value. The above mentioned social contract is not violating but rather developing towards more rational business choices. From the prospective of well known Carroll's pyramid of CSR it is suggested that the relative priority of philanthropy is likely to be changing.

Keywords: responsible innovations; value creation; shared value; implicit social contract; philanthropy; Russia (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cis and nep-ino
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dspace.spbu.ru/handle/11701/8604

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sps:cpaper:8604

Access Statistics for this paper

More papers in Conference Papers from Graduate School of Management, St. Petersburg State University Contact information at EDIRC.
Bibliographic data for series maintained by Lena Manaeva ( this e-mail address is bad, please contact ).