Corporate Social Responsibility as a Criterion of Assigning Commercial Business to Social Entrepreneurship in the Market Economy

Svetlana V. Lobova (), Aleksei V. Bogoviz () and Alexander N. Alekseev ()
Additional contact information
Svetlana V. Lobova: Altai State University
Aleksei V. Bogoviz: Independent Researcher
Alexander N. Alekseev: Financial University Under the Government of the Russian Federation

A chapter in Economic Issues of Social Entrepreneurship, 2021, pp 331-342 from Springer

Abstract: Abstract Purpose: The purpose of this chapter is to determine the possibility to use corporate social responsibility as a universal criterion of assigning commercial business to social entrepreneurship in the market economy. Design/methodology/approach: The authors form a selection of countries, which includes developed and developing countries with the highest level of commercial entrepreneurship’s development. Correlation analysis allows determining the level and character of connection between the manifestations of corporate social responsibility, which are accessible to commercial business, and advantages of social entrepreneurship. Findings: It is determined that neither of the generalized coefficients of correlation exceeds 50%. The most vivid social advantages are provided by such manifestations of corporate social responsibility, which are accessible to commercial business, as stimulation of unions (60.74% in developed countries and 38.68% in developing countries) and keeping employees (26.65% in developed countries and 15.91% in developing countries). The most vivid social advantages, which are provided by the totality of manifestations of corporate social responsibility, which are accessible to commercial business, are increase of happiness level (33.64% in developed countries and 35.68% in developing countries) and growth population’s quality of life (41.41% in developed countries and 24.67% in developing countries). Originality/value: It is shown – by the example of developed and developing countries with the most developed commercial business – that corporate social responsibility does not always ensure social advantages. That’s why corporate social responsibility cannot be used as a universal criterion of assigning commercial business to social entrepreneurship in the market economy.

Keywords: Social entrepreneurship; Corporate social responsibility; Commercial business; Market economy; C31; D23; D71; F23; L22; L23; L25; L31; L33; L44; M14; M21; N30; O35; P33 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-030-77291-8_31

Ordering information: This item can be ordered from
http://www.springer.com/9783030772918

DOI: 10.1007/978-3-030-77291-8_31

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().