Corporate Social Policies Research Articles

Economic Obligations in Implementing Corporate Social Policy of Large Entrepreneurial Structures in the Russian Federation

The subject of the article is economic obligations in the implementation of social policy of large business structures. The aim of the study is to describe and summarize the practices of implementing economic obligations in the corporate social responsibility of large business structures, supplemented by identifying its impact on the performance indicators of the enterprise. The object of the study is the public joint-stock company KAMAZ — the largest automobile corporation of the Russian Federation, one of the 20 leading world manufacturers of heavy trucks, promoting the positioning of a socially responsible enterprise, which is reinforced in practice by the company’s leading positions in thematic ratings. The methodological basis of the study was the concept of corporate social responsibility. Research methods include case study, correlation and regression analysis. As a result, the relationship between investments in human capital and labor productivity of personnel was proven. Social programs within the framework of internal corporate social responsibility affect the interest of employees in labor relations, increase motivation, level of involvement and activity of personnel. Furthermore, the analysis revealed and proved the connection between investments in sustainable development of the enterprise and revenue. Social security of employees and satisfaction with working conditions motivates them to work more conscientiously, increase the level of involvement and activity of personnel. Thus, the efficiency and quality of work performed by personnel increases, and this in turn has a positive impact on the financial results of the company.

Развитие демографического потенциала сельских территорий в целях обеспечения их социально-экономического развития (на примере Новосибирской области)

Introduction. The article considers opportunities to improve demographic potential as a critical factor influencing the socio-economic development of rural areas.Materials and methods. To study the actual demographic situation in the Novosibirsk region and the regions of the Siberian Federal District, statistical analysis methods were used - index, tabular methods, etc. The empirical basis for this was the data of the Federal State Statistics Service, including the Territorial Authority for the Novosibirsk Region, on demographic processes in the Novosibirsk region for the 2010-2023 period (population size, structure, natural increase, migration increase, migration balance, total population growth rate, birth and death rate, average life expectancy).To analyze the implementation of the strategy for sustainable development of rural areas in the Russian Federation, a retrospective method was used, with the help of which the persistence of negative demographic trends in rural areas was shown.To work out recommendations for the development of corporate social policy directions for large organizations of the agro-industrial complex, the authors relied on strategic and systemic analysis methods to identify the potential and develop measures of corporate social policy of agricultural producers in the Novosibirsk region.Results. Consideration of the all-Russian situation regarding the development of rural areas showed that it is necessary to pay more attention to the development of the demographic potential of these territories. At the level of the Novosibirsk region, an analysis of the legislative framework allowed us to conclude that it is necessary to actively attract young people to rural areas, retaining them in agricultural enterprises, providing efficient employment and at the same time promoting the socio-economic development of rural areas.Discussion. Ensuring sustainable development of rural areas is impossible without solving demographic problems based on a regional demographic policy considering the interests of young rural families, and corporate demographic policy implementation at the level of agricultural enterprises.

Corporate social responsibility, policy framing and strategic marketing: understanding the alcohol industry’s use of social media in Uganda

BackgroundSub-Saharan Africa is important to the future of alcohol and global health because the alcohol market there is expanding rapidly in a relatively young population. This entails a corresponding contest about whether the policy measures adopted will be shaped by scientific evidence or by industry interference in alcohol policy. This study examines how alcohol industry actors use social media.MethodsUganda was selected for study because of high levels of alcohol harm and recent alcohol policy debates. Data on the X (formerly Twitter) activity of the Ugandan companies of AB InBev and Diageo, who are the two main brewers, and the trade association including both, were collected, coded and thematically analysed.ResultsX is used overwhelmingly by alcohol industry actors in Uganda to promote corporate social responsibility (CSR) and alcohol policy framing content. There is little direct product marketing. The framing of policy problems and solutions, and of the actors involved in policymaking and CSR resembles that used elsewhere in the political strategies of the transnational alcohol corporations. Content which appears more emphasised in Uganda includes material on farmers, illicit trade and contribution to the economy. As elsewhere, it avoids giving attention to the policy measures which would make a difference to the levels of alcohol harms endured by Uganda. Rhetorically, X is thus used to create a parallel universe, in which the actual harms and what is known about how to reduce them are conspicuous by their absence.ConclusionsThe alcohol industry presents itself as indispensable to Uganda’s future and appears to have developed relationships with politicians, partnerships with government, and built a coalition with farmers. This means the alcohol industry may be well positioned to oppose public health policy measures, even though their arguments lack substance and are at odds with the evidence.

The evolution of digitalization capabilities during strategic renewal: A case study based on the ecological restoration enterprise practice

While existing literature acknowledges the development of digital capabilities as essential for enterprises to achieve digital transformation, it falls short in offering comprehensive theoretical insights into the dynamic evolution of these capabilities, especially in the field of environmental and sustainability issues. This paper addresses this gap by employing an exploratory single-case study methodology to investigate the intricate process through which an ecological restoration enterprise in China updates its digital strategy, facilitating the dynamic evolution of its digital capabilities from a resource orchestration theory perspective. Our findings reveal a sequential evolution from digital strategy renewal to resource orchestration and, ultimately, the advancement of digital capabilities. Specifically, the enterprise engages in a co-adjustment and co-creation process, aligning its resources with a digital strategy refresh and fostering the emergence of digital integration and innovation capabilities through effective resource management. This includes the accumulation and divesting of resources as part of the construction process, alongside the enrichment and bundling of resources. This research bridges the gap in the current literature by providing a nuanced understanding of the mechanisms that drive the evolution of digital capabilities, and it offers a theoretical framework that integrates strategic renewal with resource orchestration for environmental and socio-economic sustainable development. Furthermore, the insights gained provide vital managerial implications for the governance, corporate social responsibility and policy of industrial digitalization towards global environmental practice and sustainable development goals (SDGs).

Evaluating Mandatory Corporate Social Responsibility Disclosure Policies and Sustainability Development Goals Achievement in Indonesia

<div class="WordSection1"><p><em>The enactment of the 2007 Company Law confirms Indonesia’s requirement for mandatory disclosure of Corporate Social Responsibility (CSR). However, there has not been any research specifically examining CSR activities from the report disclosed. Only a few studies have examined the mandatory disclosure of CSR for companies whose core business does not directly include natural resources but whose activities significantly impact the environment. Therefore, this research aimed to evaluate and analyse the mandatory disclosure of CSR through company annual reports, taking a sample of listed textile businesses in Indonesia and the correlation with the achievement of Sustainability Development Goals (SDGs). The findings showed that the mandatory disclosure regulations in 2007 Company Law and Financial Service Authority Regulation Number 51/ POJK.03/2017 failed to improve optimal CSR implementation by textile companies in Indonesia. Various textile companies focused more on community development while paying little attention to environmental concerns. Additionally, detailed and explicit provisions were lacking in achieving the SDGs target. Reformulation of CSR disclosure policies was necessary to regulate reporting procedures, content, and criteria for environmental aspects of the programs in annual reports while correlating with </em><em>the targets of the 2030 SDGs policy.</em></p></div>

Social Policy and SCR Tools for Managing the Sustainable Development of Enterprises in the Corporate Sector

The research focuses on analyzing and reviewing of corporate social responsibility and social policy. The authors studied the works of domestic and foreign authors who were engaged in the analysis of these problems. The authors identified the factors that influence social policy, such as: political, demographic, medical, social, and others and categorized the typical descriptions of social policy research in the public and private sector. Special attention is paid to the authors’ interpretation of the concept of social and political involvement of the corporation. The authors determined the basic principles of development and implementation of social policy in accordance

Management of an international company: Directions and principles of corporate social policy

Aim. To identify the main directions and peculiarities of formation, development of modern corporate social policy (CSP) of leading international companies.Objectives. To characterize the priority directions and principles of CSR on management of an international company; to define the principles of corporate social responsibility of an international organization.Methods. The authors used empirical and analytical methods of research, analyzed the effective- ness of CSR, the level of development of intra-company labor relations on the example of the activities of Apple.Results. The social policy of an international firm is an important component of its business strategy, which allows it to strengthen its reputation and increase competitiveness in the global market. Intra-firm labor relations are one of the important elements of the social policy of the company of leading international corporations. They strive to create conditions for the maximum development of employees’ potential, providing them with equal opportunities and fair remuneration for labor.Conclusions. CSR initiatives have evolved today from a voluntary choice of individual companies into comprehensive strategies, mandatory rules at regional, national and international levels. Many international companies prefer to go beyond legal requirements and incorporate the idea of “doing good” into their business development models.

ИСПОЛЬЗОВАНИЕ МАТРИЧНОГО МЕТОДА ДЛЯ ОЦЕНКИ СИСТЕМЫ МЕДИЦИНСКОГО ОБЕСПЕЧЕНИЯ РАБОТНИКОВ ПРОМЫШЛЕННЫХ ПРЕДПРИЯТИЙ НЕФТЯНОЙ КОМПАНИИ

Staff health protection is an integral part of the corporate social policy of oil companies organized on a divisional basis. A medical support system based on outsourcing requires an effective system for monitoring its functioning. Since it includes dozens of objects, such control is possible only when using digital technologies. The matrix method of information representation was chosen for the implementation of the task. Two matrices were developed: the health risk management results Matrix and the health risk resource and process management Matrix. System was developed for quantitative risk assessment, key indicators, processes and outcomes of medical support personnel for each group of indicators selected a five-point scale by experts determined the weights for each factor. The developed methodology was applied to analyze the state of health and evaluate the medical support system at 49 enterprises. Special attention was paid to enterprises located in the "orange" zone of relative disadvantage (51-75 points). For three years of observations, 9-10 enterprises were registered in it, with 4 enterprises in both matrices. Based on the analysis of reports, a set of measures to correct the situation for specific enterprises was developed. Conclusion. Building health risk matrices using information technology allows you to monitor a significant number of enterprises, quickly obtain information, identify problem situations and make targeted management decisions.

Social Policy of Enterprise as Factor of Personnel Involvement

Enterprises still face the problem of shaping loyal and involved behavior of employees, which can affect economic results of the company work. The article shows the impact of in-company corporate social policy on employees’ involvement. The authors studied social policy of the enterprise and assessed its influence on shaping behavior of personnel involvement; they also highlighted the impact of conformity of social welfare measures and employees needs in shaping involvement relations. The research was carried out by using a whole complex of academic methods, such as system analysis, generalization and systematization of theoretical and practical data. The foundation of the empiric base was formed by findings of the research done in 2023 concerning the impact of corporate social policy of the company TMK CHERMET on workers’ involvement. The obtained information gave an opportunity to draw a conclusion about the positive effect of the availability of corporate social policy on workers’ involvement. The most serious influence of involvement is exercised by such measures of social welfare as help in improving housing conditions, granting 50% discount on food in the canteen, finance assistance in difficult circumstances. However, a third of respondents assessed certain measures as having no influence on involvement, which could be improved by including relevant measures of social welfare in corporate social policy. Therefore, the hypothesis that corporate social policy at the enterprise can increase the level of workers’ involvement by conformity of measures of social welfare offered by the enterprise and their individual needs found confirmation. The authors gave definition of the notion ‘corporate social policy’.

Can social disclosure induce a better corporate social performance?

Against the background of the debate on the social reporting-social performance link, this article aims to analyse the influence of social disclosures on social performance. Specifically, we analyse the effect of the voluntary disclosure of standardised indicators regarding labour practices and human rights on corporate social performance. A Tobit regression was used on data obtained through content analysis for a sample of 1,243 multinational enterprises for the period 2013–2017. The results show that both total and partial disclosure of the performance indicators are positively associated with higher social performance, confirming that the disclosure of such indicators is oriented towards the improvement of corporate sustainability as opposed to impression management strategies. We demonstrate that, even though companies may aim to satisfy stakeholder demands through the voluntary disclosure of labour practices, decent work and human rights indicators, these indicators can also act as catalysts for strengthening corporate social policies and practices. The findings provide a further motive to promote social reporting: its positive impact on corporate social performance favouring responsive labour management and greater social cohesion.

Корпоративная социальная политика как механизм управления воспроизводством трудового капитала организации

Данное исследование направлено на изучение корпоративной социальной политики как механизма управления воспроизводством трудового потенциала, основанного на качественной оценке. Использованы вопросы о мерах социальной поддержки, которые помогли оценить влияние компенсации затрат на съем жилья на экономию затрат по подбору кадров. Проведенное эмпирическое исследование показало, что отдельные аспекты корпоративной социальной политики по-разному влияют на развитие организации. Данное исследование имеет значение для менеджеров организации и полезно для разработки бизнес-стратегии, поскольку оно дает четкое представление о том, какие аспекты корпоративной социальной политики влияют на область ее конкурентных преимуществ. This study is aimed at studying corporate social policy as a mechanism for managing the reproduction of labor potential, based on a qualitative assessment. Questions about social support measures were used, which helped to assess the impact of compensation for rental costs on savings in recruitment costs. An empirical study has shown that certain aspects of corporate social policy affect the development of an organization in different ways. This study has implications for the managers of an organization and is useful for business strategy development as it provides a clear picture of what aspects of corporate social policy affect its area of competitive advantage.

Green crowdfunding and its place in the development of the ESG institute in Russia

The history of banks' involvement in solving the issues of sustainable development of the society is, on the one hand, short by the standards of economic history, and on the other hand, bright and ambiguous. This is explained by the strategic goal of the banking institution functioning - ensuring a stable turnover of financial resources in the socio-economic system of the country and building up financial capital. It is the latter component that caused the interest of the market and state regulators in the possibility of attracting banks' capital to finance so-called "green projects" aimed at solving local or global environmental problems of mankind. Today, the strategic agenda of more and more banks includes various elements of ESG-methodology of responsible corporate behavior, implemented in the form of corporate social policy (mainly focused on the bank's staff and its clients) and a portfolio of "green investments" - a group of projects that are mainly socially-oriented or infrastructural in nature. The purpose of such responsible investment is both to solve specific socially or environmentally important tasks and to strengthen the market position of the bank-investor itself, which forms a positive image in the eyes of its key stakeholders and improves the rating position of investment attractiveness both domestically and in international rankings compiled by reputable analytical agencies, such as S&P, Moody's Investors, and Fitch Ratings.

Climate bonds and their role in the development of ESG-finance banking practice: Global and Russian experiences

The history of banks' involvement in solving the issues of sustainable development of the society is, on the one hand, short by the standards of economic history, and on the other hand, bright and ambiguous. This is explained by the strategic goal of the banking institution functioning - ensuring a stable turnover of financial resources in the socio-economic system of the country and building up financial capital. It is the latter component that caused the interest of the market and state regulators in the possibility of attracting banks' capital to finance so-called "green projects" aimed at solving local or global environmental problems of mankind. Today, the strategic agenda of more and more banks includes various elements of ESG-methodology of responsible corporate behavior, implemented in the form of corporate social policy (mainly focused on the bank's staff and its clients) and a portfolio of "green investments" - a group of projects that are mainly socially-oriented or infrastructural in nature. The purpose of such responsible investment is both to solve specific socially or environmentally important tasks and to strengthen the market position of the bank-investor itself, which forms a positive image in the eyes of its key stakeholders and improves the rating position of investment attractiveness both domestically and in international rankings compiled by reputable analytical agencies, such as S&P, Moody's Investors, and Fitch Ratings.

Corporate social policy of the company as a basis for the development of solutions in the field of health management: review of foreign literature

The article presents an overview of scientific publications by foreign authors on the development of corporate socially-oriented practices in the field of employee health management. It is determined that there is a direct link between initiatives within the framework of internal corporate social responsibility and health, stress level, satisfaction, productivity of employees, their loyalty to the company.

„Ha munkásszálló – legyen jó”

The presentation of the commuter’s ’second home’ is inevitable in connection with the research of commuting as one of the most defining social phenomena of the Kádár era. This is particularly justified in Szabolcs-Szatmár county, which area was closely connencted to the phenomenon of short-distance commuting. One of the main goals of the intertwining state and corporate social policy implemented in the era, especially from the first half of the 1960’s, was undoubtedly to ensure satisfactory living conditions and cultural services provided by workers’ hostels. While from the beginning of the 1970’s, the county’s political leadership, one of the companies employing the most commuters, the Szabolcs County State Construction Company, prioritized the matter of workers’ hostels, which had been operated since the beginning of the fifties, from the end of the sixties. The company’s efforts were mainly shown in connection with the creation of suitable hygienic conditions and the provision of cultural opportunities. However, despite the significant financial outlay, a lasting result was not achieved, as a result of which the corporate goals set in previous decades were also prioritized in the 1980’s.

The Value of Employee Satisfaction in Disastrous Times: Evidence from COVID-19

Employee treatment is an important but challenging element of corporate environmental, social, and governance policies. Satisfying employee needs can increase corporate productivity, but is also costly to shareholders. Using unique data of Chinese publicly listed firms, we show that having satisfied employees is valuable to the firm. Specifically, firms with higher employee satisfaction scores withstand COVID-19 better, in terms of stock market performance. Such an effect is more pronounced for firms with more intangible assets and in knowledge-based industries. Moreover, higher employee satisfaction scores predict better operating performance. While not fully revealed in tranquil times, the effect of employee satisfaction is materialized when the firms experience negative shocks, such as COVID-19. Our findings suggest that firms can do well in crisis periods by doing good in normal times.

Boards and social media: the institutionalization of corporate social media policy

PurposeThe authors' work examines whether coercive forces in the general regulatory environment lead to similarity in social media policy across industries and if memetic forces of industry-specific values and norms lead to greater similarity of social media policy within industries.Design/methodology/approachCorporate social media policies were analyzed using a convergent parallel mixed method design to assess and identify themes and similarities. Using an institutional theory lens, this paper examines whether coercive forces in the general regulatory environment lead to similarities in social media policies across industries, and if mimetic forces from industry-specific norms lead to greater similarity of social media policies within industries. Findings suggest that industry-specific, institutional field-level mimetic forces have a greater effect on social media policy isomorphism than environmental-level coercive forces. This study represents the first assessment of corporate social media policies across organizations and industries.FindingsFindings suggest that industry-specific, institutional field-level mimetic forces have a greater effect on social media policy isomorphism than environmental-level coercive forces.Research limitations/implicationsLimitations related to sampling were primarily related to policy collection. To deal with these limitations, the sample was planned to allow for the inclusion of both randomly selected North American companies from the Fortune 500 list and another random selection of 35 companies from within a convenience sample of 100 North American firms who had a publicly available social media policy online.Practical implicationsThe authors' research speaks to management, directors and researchers who work with policy, governance or risk management as the authors demonstrate the effect regulatory and normative institutions have on social media policies: stakeholders within and without given industries are forcing firms to develop legitimacy-providing social media policies by penalizing those that do not. The authors' findings demonstrate that firms respond to the 21st Century potential corporate risk of unsanctioned social media communications by developing corporate social media policies with similar themes. By identifying the themes common in corporate social media policies, the authors have identified best practices constituting a risk mitigation tool for boards.Originality/valueThe authors' approach is innovative in focus and approach. First, using an institutional theory lens, the authors assess the influence of regulatory and memetic forces on social media policies as a formal structure within an institutional field. Second, the authors' approach includes the first major assessment of North American social media policies across a wide array of organizations and industries, adding to understanding about approaches currently used to manage increased social media use in the workplace.

Does Money Talk? Divestitures and Corporate Environmental and Social Policies

Abstract Can shareholders’ divestitures and threats of exit trigger improvements in firms’ environmental and social (E&S) policies? We show that E&S incidents are followed by some, but relatively small, divestitures. Nevertheless, following E&S incidents, firms with a one-standard-deviation higher E&S-conscious institutional ownership decrease their greenhouse gas emissions by 36.5% and improve their E&S scores by 7.2% more than other firms if their managers receive equity compensation. We do not observe any improvements associated with sales in E&S-conscious countries. Our results suggest that the threats of future exits and divestitures can improve E&S policies if shareholders are E&S-conscious and managers’ compensation is linked to the stock price.

Does corporate social responsibility affect dividend policy? Empirical evidence in the French context

PurposeThe purpose of this paper is to focus on the impact of corporate social responsibility (CSR) on dividend policy in the French context. In addition, the authors seek to determine if the individual components of CSR influence dividend policy.Design/methodology/approachThis study uses panel data methodology for a sample of French non-financial firms between 2008 and 2018. Generalized least squares method is used to estimate the models.FindingsUsing panel data methodology for a sample of 825 observations for the period 2008–2018, this study finds a positive impact of CSR practices on dividend policy. The authors also find that individual components of CSR positively influence dividend policy. To check the robustness of the results, this study further runs a sensitivity tests, including an alternative measure of dividend policy, all of which confirm the findings.Practical implicationsThis study has examined the impact of CSR on dividend policy in France and may have implications for regulatory, investors, analysts and academics. First, the involvement in CSR best practices encourages companies to pay more dividends to investors. Therefore, investors are more motivated to invest in socially responsible firms than socially irresponsible firms. Second, given the association of CSR with the quality of accounting information and financial markets, regulators should step up recommendations relating to the different societal dimensions of CSR.Originality/valueWhile little previous work has focused on the causal link between CSR and dividend policy, this research is the first, to the authors’ knowledge, to have looked at the impact of CSR on dividend policy in France.

PRACTICE OF CONCLUDING INDUSTRY AGREEMENTS OF SOCIAL PARTNERSHIP: SUSTAINABLE TRENDS AND PROSPECTS FOR CHANGE

The subject of the study is the modern vision of the prospects for the development and improvement of the multilevel system of social part- nership in the Russian Federation. The purpose of the article is to substantiate the special role in the system of the social partnership of sectoral agreements concluded at the federal, regional, and territorial levels, and their close institutional and organizational connection with collective agreements concluded at enterprises of the relevant sectors of the economy. The relevance of the study is due to the increasing importance of social partnership as the most flexible mechanism for regulating social and labor relations in conditions of economic turbulence. The scientific novelty consists in generalizing the practice of concluding sectoral agreements, which gives an idea not only about the state of collective-contractual regulation of social and labor relations in the sectoral context, but also allows identifying local features, as well as individual problems of the functioning of the social partnership system as a whole. The research methods are analysis, synthesis, induction, deduction, and a systematic approach. Results: the untapped potential of sectoral agreements is revealed, objective and subjective factors limiting the possibilities of effective development of social partnership are characterized, and their dynamics and the degree of influence on the completeness and content of concluded contracts and agreements are shown. The materials contained in the study can be used by federal and regional executive authorities, all-Russian, regional and branch associations of employers, and all-Russian, regional and branch trade unions in the negotiation process when concluding social partnership agreements and forming state and corporate social policy.