Corporate social responsibility of vertically integrated entities as a condition of sustainable development

Tetyana Zinchuk and Yevhenii Levkivskyi

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2019, vol. 26, issue 1

Abstract: The purpose of the article is to identify content of corporate social responsibility of agribusinesses and substantiate approaches to its realization taking into account foreign experience, international standards and basic principles of sustainable development, national peculiarities of agricultural production organization. Research methods. Argumentation of theoretical positions and conclusions, which form new patterns of agribusiness development in context of strengthening corporate social responsibility at international level, was based on the system approach. Accordingly, there were used general scientific (dialectical, analysis and synthesis, scientific abstraction), and special economic methods of research, in particular: historical and economic for analysing genesis of corporate social responsibility; comparative analysis for taking into account specific conditions of agricultural activity and comparing processes of implementation of corporate social responsibility at the national and European levels; synergistic for learning the gradual growth and development of corporate social responsibility in context of coherent interaction with Sustainable development goals and voluntary compliance with international standards. Research results. Essence of corporate social responsibility from a standpoint of general theoretical views of domestic and foreign scholars was investigated and disclosed. Content of corporate social responsibility of agribusiness entities (agroholdings) was interpreted. It was done an analysis of existing requirements for corporate social responsibility through a prism of international standards that allow agribusiness entities to adapt to the institutional environment and the process of achieving Sustainable development goals. Elements of scientific novelty. The author's definition of corporate social responsibility of agrarian business structures was given and a system of requirements for transition from corporate social responsibility to sustainable agro-models was formed. Recommendations for the adaptation of agrarian vertically integrated entities to standards of corporate social responsibility were further developed. Practical significance. Proposals for changing corporate social responsibility priorities and necessity of using modern social, economic and environmental methods of agrarian activities on basis of sustainable development, which can serve as strategic directions for a formation of state (regional) program of sustainable business model functioning in agriculture, were grounded. Figs.: 3. Refs.: 26.

Keywords: Community/Rural/Urban; Development (search for similar items in EconPapers)
Date: 2019
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