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Corporate Social Responsibility in Ukraine Under Martial Law: Accounting Aspects

Author

Listed:
  • Pokynchereda Vitalii

    (Assoc. Prof., State University of Trade and Economics, Vinnytsia, Ukraine)

  • Bondarenko Valerii

    (Dr. Prof., National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine)

  • Pravdiuk Nataliia

    (Dr. Prof., Vinnytsia National Agrarian University, Vinnytsia, Ukraine)

  • Ivanchenkova Larysa

    (Dr. Prof., Odesa National University of Technology, Odesa, Ukraine)

  • Sokoliuk Ihor

    (Lecturer, Odesa National University of Technology, Odesa, Ukraine)

Abstract

Conducting socially responsible activities is an important component of modern business, creating prerequisites for ensuring sustainable development of the company and society as a whole. The article examines the essence and analyzes the content of the concept of “corporate social responsibility”, substantiates the importance of conducting socially responsible activities to ensure business efficiency, and considers the areas of socially responsible activities of Ukrainian companies during a full-scale war. The author proves that conducting socially responsible activities creates prerequisites for economic growth, improvement of business reputation, increase of labor productivity and competitiveness of products. To assess the level of involvement of a company in socially responsible practices and to reflect its results in accounting and reporting, the author presents a system of indicators: social responsibility of a company to its employees, company’s participation in environmental protection and conservation, company’s involvement in public life, and company’s social responsibility during the war. The author substantiates the expediency of reflecting information on the company's socially responsible activities in accordance with the above indicators in the forms of social (non-financial) reporting of the company to inform all stakeholders about their contribution to the goals of sustainable development.

Suggested Citation

  • Pokynchereda Vitalii & Bondarenko Valerii & Pravdiuk Nataliia & Ivanchenkova Larysa & Sokoliuk Ihor, 2023. "Corporate Social Responsibility in Ukraine Under Martial Law: Accounting Aspects," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 45(4), pages 427-437, December.
    • Handle: RePEc:vrs:mtrbid:v:45:y:2023:i:4:p:427-437:n:8
    DOI: 10.15544/mts.2023.42
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    References listed on IDEAS

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    1. Gerda Barauskaite & Dalia Streimikiene, 2021. "Corporate social responsibility and financial performance of companies: The puzzle of concepts, definitions and assessment methods," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 278-287, January.
    2. Nataliia Pravdiuk & Vitalii Pokynchereda & Maryna Pravdiuk, 2019. "The Human Capital Of An Enterprise: Theory And Assessment Methodology," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(2).
    3. Yanbing Wang & Michael S. Delgado & Jin Xu, 2023. "When and where does it pay to be green? – A look into socially responsible investing and the cost of equity capital," International Journal of Corporate Social Responsibility, Springer, vol. 8(1), pages 1-23, December.
    4. Yanbing Wang & Michael S. Delgado & Jin Xu, 2023. "Correction: When and where does it pay to be green? – A look into socially responsible investing and the cost of equity capital," International Journal of Corporate Social Responsibility, Springer, vol. 8(1), pages 1-1, December.
    5. Letizia Carrera, 2022. "Corporate social responsibility. A strategy for social and territorial sustainability," International Journal of Corporate Social Responsibility, Springer, vol. 7(1), pages 1-11, December.
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    More about this item

    Keywords

    corporate social responsibility; non-financial reporting; social accounting; social entrepreneurship; social reporting; sustainable development; territorial communities;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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