scholarly journals State as a stakeholder in the development of metallurgical industry corporations

2021 ◽  
Vol 315 ◽  
pp. 04007
Author(s):  
Olena Kozyrieva ◽  
Nataliia Orlova ◽  
Maksym Zabashtanskyi ◽  
Andrii Rogovyi ◽  
Danylo Berezovskyi

The article substantiates the expediency of studying the role of stakeholders in the formation and implementation of corporate social strategy within the activities of corporations in the metallurgical industry in the Ukraine. The important role of the state, as a stakeholder, in establishing effective relations with corporations in the implementation of Ukraine's sustainable development strategy has been proved. The purpose of the article is to determine the capabilities of the state and its impact on the implementation and development of corporate social responsibility strategy in corporations of the metallurgical industry of the Ukraine. The information is based on the reports of Metinvest Corporation, DTEK and the CSR Development Center. The article identifies state economic and marketing incentives for the development of socially responsible behavior of corporations in the metallurgical industry. The analysis of the directions of the corporate social responsibility strategy of Metinvest and DTEK is carried out, and the comparative characteristic of the ways of ecological responsibility of corporations is conducted. The regional features of the formation of the strategy of social responsibility for multinational corporations are determined. The conclusions indicate that the level of interaction of metallurgical corporations with stakeholders is still at a low level, but areas (projects) of corporate social responsibility for the implementation of state national programs have already been formed.

IIUC Studies ◽  
2012 ◽  
Vol 7 ◽  
pp. 249-282
Author(s):  
Md Shariful Haque ◽  
Md Mokhter Ahmad

Corporate Social Responsibility (CSR) is a commitment of the organizations to act ethically and contribute to economic development of the society while humanizing the quality of life of the workforce and the local community at large. This is a talented issue for the corporation the world over. CSR is required for the organizations to ensure its sustainability. Now-a-days the practice of CSR is subject to much debate and criticism. Critics argue that CSR deviates from the fundamental economic role of business; others argue that it is nothing more than superficial windowdressing; others yet argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations. Notwithstanding, CSR is a global concern and all organizations practice it to some extent. In this article the authors made an effort to justify CSR and the concomitant issues in the light of Shar?ah, and examine the welfare practices of some Islamic Organizations in Bangladesh to see whether those fall under the traditional concept of CSR. An investigation has been made into some Islamic organizations in Bangladesh using an unstructured questionnaire. It transpires from the study that almost all these investigated Islamic organizations practice social responsibilities in different forms like Qard-E–Hasanah, scholarships/stipends, plantation, health services, establishing schools etc. DOI: http://dx.doi.org/10.3329/iiucs.v7i0.12271 IIUC Studies Vol.7 2011: 249-282


Author(s):  
Abdulkareem Awwad ◽  
Abubakr Suliman

This chapter aims to examines the situation, facts, and challenges of corporate social responsibility (CSR) and corporate social performance (CSP) in the State of Qatar. Some theories related to both constructs are presented and discussed. In addition, the chapter analyzes the role of different formal and informal CSR organizations' initiatives in raising the awareness about the importance of managing the social side of the business. Highlighting some active efforts to improve CSR in the country, the study concludes that the idea of managing the social side of business is still in its formation stage. Some more initiatives are needed to bring it up to the level that serve the realization of the national vision of the country 2030. The chapter concludes with some discussion on how managers perceive CSR and whether it aligns well with business objectives or no. Some guidelines to future studies and research in the field of CSR and CSP are also presented in the study.


Author(s):  
Kingsly Awang Ollong

Inadequate provision of infrastructural and social facilities by governments for citizens' use calls for intervention of corporate organizations and individuals to contribute/provide for other people via social obligation. By virtue of Corporate Social Responsibility (CSR), many communities and individuals have been developed to dependable levels. Through it, the general wellbeing of individuals, groups and communities, growth and development are encouraged and promoted while stimulating innovative business. Government multiple taxes, business unfriendly policies, unions' agitations, and scamming by some ill-intentioned citizens are impediments to efficient CSR by multinational companies in Cameroon. Though the rate of participation by business entities in being socially responsible is not encouraging, this chapter singles out a few MNCs that have distinguished themselves by sharing their enormous profits with the communities in which they operate. This chapter uses case studies of three Fast Moving Consumer Goods (FMCGs), that is, MTN, Guinness Cameroun SA, and British American Tobacco to ascertain that corporate social responsibility by MNCs has helped to ameliorate living conditions of local communities.


Think India ◽  
2014 ◽  
Vol 17 (1) ◽  
pp. 19-27
Author(s):  
Seema Sharma

CSR in India is taking shape in a specific context. An increasing role of private sector in all aspects of life and globalization of economy have their share in the spread of present form of CSR in India. There is thus an increasing concern and debate on the role of CSR. In the light of above, the paper takes a critical look at the role of CSR and the contribution that it may make in the context of development in India. The critique is built by positioning the available literature on the major stakeholders in CSR- the state, corporate, NGOs and communities.


2017 ◽  
Vol 71 (6) ◽  
pp. 796-821 ◽  
Author(s):  
Subhabrata Bobby Banerjee

In this article, I provide a critical analysis of the politics of corporate social responsibility. I argue that corporate social responsibility is a strategy that enables multinational corporations to exercise power in the global political economy. Using the global extractive industries as a context, I focus on conflicts between communities, the state and multinational corporations that arise owing to the negative social and environmental impacts of mining and extraction. In particular, I analyse the role of political corporate social responsibility and multi-stakeholder initiatives in managing conflicts and argue that these initiatives cannot take into account the needs of vulnerable stakeholders. Power asymmetries between key actors in the political economy can diminish the welfare of communities impacted by extraction. Several governance challenges arise as a result of these power asymmetries and I develop a translocal governance framework from the perspective of vulnerable stakeholders that can enable a more progressive approach to societal governance of multinational corporations.


e-Finanse ◽  
2017 ◽  
Vol 13 (3) ◽  
pp. 66-75
Author(s):  
Anna Doś

AbstractIn the literature on corporate social responsibility (CSR) the origin of the equity is seen as one the drivers of CSR. There is evidence of multinational corporations stimulating diffusion of CSR practices in a few emerging economies. There are no similar studies focusing on the Polish economy. Since CSR practices are country-specific it is important to investigate if and how capital flows foster corporate social responsibility among firms established and operating in Poland. The method applied in the study is a statistical analysis of the ownership structure of firm whose socially responsible practices are highly ranked by the independent think-tanks compared to the ownership structure of their most relevant competitors. The results allow for a more comprehensive understanding of CSR drivers in Poland as well as the role of foreign capital in reshaping economic structures in Poland.


Author(s):  
Aghogho L. Imiti ◽  

The Niger Delta has been a cauldron of restiveness and violent conflicts. Most of these conflicts result from the failure of the multinational corporations operating in the region to adequately discharge their Corporate Social Responsibility to the people. It is against this backdrop that this paper examines the issue of Corporate Social Responsibility as the panacea for the restiveness and conflict in the region as we as the crucial role the mass media have to play in assisting the corporate organisations to effectively discharge their obligations to the people. It is propounded here that failure to disseminate relevant information in this regard has led to mistrust and misunderstanding which eventually culminate in restiveness and conflict. The role of the media is therefore equally examined. The paper discovers that the media are constrained in the performance of this role. These constraints are presented and ways of tackling them are proffered.


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