This paper presents the results of a study on the influence of institutions and national culture on corporate social responsibility (CSR) values and managerial values. in the Finno-Ugrian countries of Estonia, Finland, and Hungary. Finno Ugrian countries provided an institutional window since their beginnings as similar in heritage and subsequent divergence in histories and potential convergence through European Union membership. The sample consisted of 531 managers and professionals from these three countries. A comparison of social responsibility dimensions and their relationship with manager’s values identified significant differences. We used Schwartz’s typology of value priorities to analyze manager’s values. In sum, the results showed that there are relationships between managerial values and CSR values which can be related to the institutional differences.