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The Risks of Smart Cities and the Perspectives of Their Management Based on Corporate Social Responsibility in the Interests of Sustainable Development

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  • Irina A. Morozova

    (Economics and Management Faculty, Volgograd State Technical University, 400005 Volgograd, Russia)

  • Stanislav S. Yatsechko

    (Department of Economic Theory, Financial University under the Government of the Russian Federation, 125167 Moscow, Russia)

Abstract

Purpose: Bring to light the risks of smart cities and the perspectives of their management. It has been discovered that smart cities are created and developed under the impact of not only technological factors but also social factors. The connection between smart cities and quality of life is systemic (direct and reverse)—the quality of life also specifies the creation and development of smart cities. The impact of the COVID-19 pandemic on the development of smart cities is almost null (smart cities do not depend on the implementation of SDG 3). This paper’s originality lies in the description of a new angle of studying smart cities—from the position of risks, and in the determination of the current level of these risks and the dynamics of their change during systematisation and description of the wide international experience of creation and development of smart cities. This paper’s uniqueness lies in the development of a new approach to managing the creation and development of smart cities, which is based on corporate social responsibility, thus specifying and ensuring the involvement and important role of the subjects of entrepreneurship in this process. It is proved that the contribution of smart cities to the implementation of the SDGs is much wider and goes beyond the limits of SDG 9—it also extends to SDG 1 and SDGs 11–13.

Suggested Citation

  • Irina A. Morozova & Stanislav S. Yatsechko, 2022. "The Risks of Smart Cities and the Perspectives of Their Management Based on Corporate Social Responsibility in the Interests of Sustainable Development," Risks, MDPI, vol. 10(2), pages 1-15, February.
    • Handle: RePEc:gam:jrisks:v:10:y:2022:i:2:p:34-:d:741023
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    References listed on IDEAS

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    1. Aleksandra Radziejowska & Bartosz Sobotka, 2021. "Analysis of the Social Aspect of Smart Cities Development for the Example of Smart Sustainable Buildings," Energies, MDPI, vol. 14(14), pages 1-14, July.
    2. Ashutosh Sharma & Elizaveta Podoplelova & Gleb Shapovalov & Alexey Tselykh & Alexander Tselykh, 2021. "Sustainable Smart Cities: Convergence of Artificial Intelligence and Blockchain," Sustainability, MDPI, vol. 13(23), pages 1-16, November.
    3. Agnessa O. Inshakova & Anastasia A. Sozinova & Tatiana N. Litvinova, 2021. "Corporate Fight against the COVID-19 Risks Based on Technologies of Industry 4.0 as a New Direction of Social Responsibility," Risks, MDPI, vol. 9(12), pages 1-11, November.
    4. Aleksandra Ptak, 2021. "Smart City Management in the Context of Electricity Consumption Savings," Energies, MDPI, vol. 14(19), pages 1-15, September.
    5. Susan T. Jackson, 2021. "Risking Sustainability: Political Risk Culture as Inhibiting Ecology-Centered Sustainability," Risks, MDPI, vol. 9(11), pages 1-15, October.
    6. Yuho Shimizu & Shin Osaki & Takaaki Hashimoto & Kaori Karasawa, 2021. "The Social Acceptance of Collecting and Utilizing Personal Information in Smart Cities," Sustainability, MDPI, vol. 13(16), pages 1-10, August.
    7. Łukasz Mach & Karina Bedrunka & Anna Kuczuk & Marzena Szewczuk-Stępień, 2021. "Effect of Structural Funds on Housing Market Sustainability Development—Correlation, Regression and Wavelet Coherence Analysis," Risks, MDPI, vol. 9(10), pages 1-17, October.
    8. Shah Jahan Miah & Huy Quan Vu & Damminda Alahakoon, 2022. "A social media analytics perspective for human‐oriented smart city planning and management," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 73(1), pages 119-135, January.
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    Cited by:

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