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

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  • Frolov, Daniil
  • Shulimova, Anna

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.

Suggested Citation

  • Frolov, Daniil & Shulimova, Anna, 2014. "The Institutionalization of Socio-Responsible Business: Global Trends and Regional Features," MPRA Paper 54963, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54963
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    business social responsibility; firm evolution; corporate management and marketing; institutions; institutionalization; transplantation;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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