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Social responsibility as an obligatory element of the institutional system

Author

Listed:
  • Filippova, Irina
  • Sumcov, Victor

Abstract

The institute of social responsibility is considered as mandatory addition of market and state institutes, since it reduces the transaction costs of the socio-economic system by eliminating discrimination in the relations. One of the most important missions of the state is the formation and development of the mechanisms of social control.

Suggested Citation

  • Filippova, Irina & Sumcov, Victor, 2012. "Social responsibility as an obligatory element of the institutional system," MPRA Paper 51427, University Library of Munich, Germany, revised 2012.
    • Handle: RePEc:pra:mprapa:51427
    as

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    File URL: https://mpra.ub.uni-muenchen.de/51427/1/MPRA_paper_51427.pdf
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    References listed on IDEAS

    as
    1. Andreas Georg Scherer & Guido Palazzo, 2011. "The New Political Role of Business in a Globalized World: A Review of a New Perspective on CSR and its Implications for the Firm, Governance, and Democracy," Journal of Management Studies, Wiley Blackwell, vol. 48(4), pages 899-931, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    social responsibility; institute; social capital; social costs; discrimination; social integration;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • H00 - Public Economics - - General - - - General
    • J78 - Labor and Demographic Economics - - Labor Discrimination - - - Public Policy (including comparable worth)
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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