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CONTRIBUTION OF RUSSIAN COMPANIES WITH AN EFFECTIVE FINANCIAL AND RISK MANAGEMENT SYSTEM TO CORPORATE SOCIAL RESPONSIBILITY

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PDF: Author(s): Pyshkov N. I.,
Number of journal: 3(56) Date: August 2021
Annotation:

The article analyzes the contribution of Russian companies with an effective financial and risk management system to corporate social responsibility (CSR). As the key conclusions of the article, we can highlight the fact that recently the attention of domestic and foreign researchers has been focused on the topic of corporate social responsibility The formulation of unified theoretical ideas about the content of corporate social responsibility has brought such research to an entirely different level. Currently, corporate social responsibility is regulated by a whole series of regulatory legal acts, from international standards used by manufacturers of goods, to the development of a strategy for corporate social responsibility on the basis of the companies themselves, its integration into the general enterprise management system. Improving the CSR management system is one of the priority and main tasks in the process of forming a high-quality social policy of each individual enterprise in various industries That is why the presented study clearly demonstrates the directions of formation and implementation of corporate social responsibility, which plays one of the important roles in organizations, special attention is paid to the potential risks and ways of dealing with these situations with minimal losses and costs. In the course of the study conclusions were made, allowing to implement solutions to problems within the framework of modern practice and to minimize negative trends in the direction of the principles of the CSR, as this issue is highly relevant in today’s economic conditions.

Keywords:

CSR, social responsibility, management, finance, financial policy, efficiency, corporation, domestic experience, economic result, product.

For citation:

Pyshkov N. I. Contribution of Russian companies with an effective financial and risk management system to corporate social responsibility. Business. Education. Law, 2021, no. 3, pp. 229—234. DOI: 10.25683/VOLBI.2021.56.382.