Theoretical Basis of Socially-Oriented Activities of Business Entities

Kostiantyn Galak ()
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Kostiantyn Galak: Kyiv National University of Trade and Economics, Kyiv, Ukraine

Oblik i finansi, 2016, issue 3, 140-146

Abstract: The concept of Corporate Social Responsibility is relevant and relatively new for Ukrainian enterprises, that causes the necessity of forming scientific support for its implementation in practice. Furthering the nature and theoretical principles of social responsibility, scientists are intended to help entities in the practical organization of socially oriented activities. The aim of the article is to deep the content of the concept 'socially oriented activity' and to clarify the principles and features, advantages and disadvantages of socially oriented activities. Historical aspects of the concept of corporate social responsibility are disclosed. The level of development of socially oriented activities in Ukraine was estimated. The definition of 'socially oriented activities' was clarified. The list of principles was supplemented and the functions of socially oriented activities were specified. The benefits of the implementation of socially oriented activities were clarified and the disadvantages of such activities that generate additional risks for the entity were determined.

Keywords: socially-oriented activities; social responsibility; principles; functions; advantages; disadvantages; economic entity (search for similar items in EconPapers)
JEL-codes: M14 (search for similar items in EconPapers)
Date: 2016
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