Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 6 (34)

Published: 2018.06.26

DOI: XX.XXXXX/XXXXXXXXXXXXX

Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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CORPORATE SOCIAL RESPONSIBILITY OF MODERN BUSINESS

DOI: XX.XXXXX/XXXXXXXXXXXXX

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FOSTOLOVYCH Valentyna – Candidate of Economic Sciences, Associate Professor of the Department of Accounting and Taxation in the Fields of the Economy, Faculty of Accounting and Auditing, Vinnytsia National Agrarian University (21008, Vinnitsa, 1, Soniachna Str., e-mail: vfostolovich@gmail.com).

Annotation

The article considers the corporate social responsibility as a necessary fundamental component of modern business. The demand of introduction and practical implementation of social projects in parallel with the organization and conduction of the main activity of the business structure of any organizational form is investigated. The research has been carried out on the economic feasibility of implementing the United Nations Development Goals. The main conditions and principles to be followed by the company, which aims to implement an innovative model of integrated management towards sustainable development are studied. Basic tools and additional features that the company receives when entering the UN Global Contract are analyzed. The main aspects of reporting on corporate social responsibility and the feasibility of its formation at the enterprise are presented. The specific impact of social-oriented projects on economic performance of enterprises is shown. The expediency of formation and disclosure in the form of reporting on the level of progress of the participants of the UNODC and analysis of the impact of the implemented initiative on economic, environmental and social parameters in the Platform for Sustainable Development Sustainability Reporting Platform of the United Nations Organization is examined.

Keywords: corporate social responsibility, economic feasibility, sustainable development goals, principles of sustainable development, integrated management system, enterprise.

List of references

1. Koncepcija Nacional'noi' strategii' social'noi' vidpovidal'nosti biznesu v Ukrai'ni [Concept of the National Strategy of Corporate Social Responsibility in Ukraine]. (n.d.). svb.ua/sites/default/files. Retrived from http://svb.ua/sites [in Ukrainian].

2. Merezha Global'nogo dogovoru OON v Ukrai'ni [UN Global Compact Network in Ukraine]. (n.d.). informatsiinyi-tsentr/news Retrived from http:// http://www.un.org.ua [in Ukrainian].

3. Strategija spryjannja rozvytku social'noi' vidpovidal'nosti biznesu v Ukrai'ni na period do 2020 roku [Strategy of promoting the development of social responsibility of business in Ukraine for the period till 2020] (n.d.). svb.ua/sites [in Ukrainian].

4. Ugoda pro asociaciju mizh Ukrai'noju, z odnijei' storony, ta Jevropejs'kym Sojuzom i jogo derzhavamy-chlenamy, z inshoi' storony [The Association Agreement between Ukraine, on the one hand, and the European Union and its member states, on the other hand] (n.d.). euroua.com/association/eu-ukraine-association-agreement. Retrived from https://euroua.com/association [in Ukrainian].

5. Fostolovych V.A. (2017). Osnovni aspekty suchasnogo pidhodu do systemy upravlinnja sil's'kogospodars'kym pidpryjemstvom [The main aspects of the modern approach to the agricultural enterprise management system]. Efektyvna ekonomika – Effective economy, 6, 250-261 [in Ukrainian].

6. Fostolovych V.A. (2016). Osoblyvosti formuvannja suchasnyh system upravlinnja u sil's'kogospodars'kyh pidpryjemstvah z integrovanoju systemoju ekologichnogo menedzhmentu [Features of the formation of modern management systems in agricultural enterprises with the integrated system of ecological management]. Biznes Inform – Business Inform, 5, 122-127 [in Ukrainian].

7. Aras G. (2010). Managing corporate performance: Investigating the relationship between corporate social responsibility and financial performance in emerging markets / G. Aras, A. Aybars, O. Kutlu // International Journal of Productivity and Performance Management. Vol. 59. № 3. 229-254 [in Ukrainian].

8. Chin H.-L. (2010). On the determinants of corporate social responsibility: International evidence on the financial industry. Journal of Business Ethics. Vol. 93. № 1. 115-135 [in Ukrainian]. 9. Global Compact Network Ukraine (2018). Retrived from https:/globalcompact.org.ua.

10 Swanson D.L. (1995). Addressing a theoretical problem by reorienting the corporate social performance model. Academy of Management Review. 20(1). 43-64.

11. Wartick S.L. Cochran P.L. (1985). The evolution of the corporate social performance model. Academy of Management Review. 10 (4). 767 p.

12. Wood D.J. (1991). Corporate social performance revisited. Academy of Management Review 16 (4). 713 p.

13. Pravdyuk N.L. (2017) Sotsialni aspekty bukhhalterskoho obliku [Social aspects of accounting]. Economy. Finances. Management: topical issues of science and practice. Vol. 12. Pp. 91-102 [in Ukrainian].

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).