The Institutionalization of Socio-Responsible Business: Global Trends and Regional Features

Daniil Frolov () and Anna Shulimova

MPRA Paper from University Library of Munich, Germany

Abstract: The article describes the dual nature of business social responsibility: global and regional. The increased pressure of globalization produces a new stakeholder expectations and efforts of companies to conform to it. As a result of return reaction the growing requirements of International standards of business ethics create common effect on corporate management and organizational behavior. However, the institutional conditions of the firm evolution are determined by regional basics of institutional environment. It sets up a local differentiation of socio-responsible activities of corporate sector. Focused on the possibilities of institutional transplantation we consider economic benefits of an importation and a further adaptation of business social innovations for developing countries and Russia.

Keywords: business social responsibility; firm evolution; corporate management and marketing; institutions; institutionalization; transplantation (search for similar items in EconPapers)
JEL-codes: B52 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-bec, nep-cis, nep-cse, nep-hme and nep-mkt
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:54963

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