Emerging Economies in Eastern Europe: Corporate Social Responsibility

Maxim Rakov and Adnan ul Haque ()
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Maxim Rakov: Yorkville University
Adnan ul Haque: Yorkville University

A chapter in Corporate Management Ecosystem in Emerging Economies, 2023, pp 287-300 from Springer

Abstract: Abstract This comparative study aimed to investigate Corporate Social Responsibility (CSR) practices in the emerging economies in Eastern Europe, specifically considering Poland and Russia. Despite sharing history and culture to a larger extent, the two countries’ political and economic development took different trajectories that led to the formation of a distinct environment for CSR practices. Secondary sources considered in this research are narrowed down through a funnel approach to gain an in-depth understanding of the existing phenomenon. From the extensive review, we found that there are severe challenges for the Russian framework of CSR practices due to a lack of disclosure and regulatory measures. This has impacted the country’s sustainable development plans to a larger extent. Nonetheless, post-pandemic, many companies are creating opportunities to involve the government in formulating a conducive environment. On the other hand, Poland has experienced higher interest and awareness about CSR. The CSR initiatives in Poland have significant potential to bring social, environmental, and economic rewards.

Keywords: Comparative analysis; Corporate social responsibility; Social and political development (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-41578-4_16

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DOI: 10.1007/978-3-031-41578-4_16

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