scholarly journals SOCIAL RESPONSIBILITY OF BANKS IN THE CONTEXT OF ENSURING THE SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRY

2021 ◽  
Author(s):  
Halyna Rachynska ◽  
Iryna Harasiuk
Keyword(s):  
Economic Development ◽  
Social Responsibility ◽  
Local Governments ◽  
Business Processes ◽  
Value Added ◽  
Well Being ◽  
Raw Material ◽  
The Social ◽  
Operational Activities ◽  
The Impact

Corporate social responsibility is the responsibility of an individual company for the impact of its decisions and actions on society, the environment, through transparent and ethical behavior that promotes sustainable development, health and well-being of society, takes into account the expectations of stakeholders, complies with applicable law and international conduct. Taking into account that the main economic role of banks is to provide financial opportunities for business by increasing the monetization of the economy through cheap credit, promoting the production of high value-added goods, so that not to become a raw material appendage and a powerful supplier of labor to other countries it is important to analyse the social responsibility of banks in the context of ensuring the social and economic development of the state. The urgent task in the near future for Ukraine involves the formation of the concept of its development, focused on people, concentrating on financial investments in the basic infrastructure of cities in the field of education, medicine, ecology. One of the tools for this strategic task is the social responsibility of banks, based on their interaction with regional and local governments in order to form and develop partnerships to ensure the efficiency of business processes, soften the monetary policy of the National Bank of Ukraine (NBU) at the expense of money issued by commercial banks in the form of cheap loans. The article monitors the main areas of social responsibility in the banks of Ukraine, identifies obstacles to the active development of social responsibility of banks. The priority tasks set for Ukrainian banks to intensify their social responsibility are the formation and publication of a mandatory Management Report, also partnership of banks with influence groups, non-governmental organizations, as well as with local authorities, their systematic transition from project-based social responsibility to program-based activity in their initiatives, adaptation of international projects and strategies of banks to the Ukrainian market, introduction of innovative products and services in the operational activities of banks, which help to solve specific social problems and create new opportunities for people.

scholarly journals Estimating the parameter of inequality aversion on the basis of a parametric distribution of incomes

Equilibrium ◽  
2020 ◽  
Vol 15 (3) ◽  
pp. 391-417
Author(s):  
Stanislaw Maciej Kot
Keyword(s):  
Economic Development ◽  
Social Welfare Function ◽  
Empirical Work ◽  
Value Added ◽  
Inequality Aversion ◽  
Likelihood Estimator ◽  
Income Distributions ◽  
The Social ◽  
New Phenomena ◽  
The Impact

Research background: In applied welfare economics, the constant relative inequality aversion function is routinely used as the model of a social decisionmaker’s or a society’s preferences over income distributions. This function is entirely determined by the parameter, ε, of inequality aversion. However, there is no authoritative answer to the question of what the range of ε an analyst should select for empirical work. Purpose of the article: The aim of this paper is elaborating the method of deriving ε from a parametric distribution of disposable incomes. Methods: We assume that households’ disposable incomes obey the generalised beta distribution of the second kind GB2(a,b,p,q). We have proved that, under this assumption, the social welfare function exists if and only if ε belongs to (0,ap+1) interval. The midpoint εmid of this interval specifies the inequality aversion of the median social-decisionmaker. Findings & Value added: The maximum likelihood estimator of εmid has been developed. Inequality aversion for Poland 1998–2015 has been estimated. If inequality is calculated on the basis of disposable incomes, the standard inequality–development relationship might be complemented by inequality aversion. The “augmented” inequality–development relationship reveals new phenomena; for instance, the stage of economic development might matter when assessing the impact of inequality aversion on income inequality.

Unternehmerischer und gesellschaftlicher Erfolg – ein Gegensatz?

2012 ◽  
Vol 53 (3) ◽  
pp. 15-19
Author(s):  
Ulrike Reisach
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Value Added ◽  
Well Being ◽  
Financial Sustainability ◽  
Environmental Friendliness ◽  
Organizational Skills ◽  
Business Partners ◽  
The Social ◽  
Corporate Social

Mit der andauernden Wirtschafts- und Finanzmarktkrise ist weltweit das Vertrauen in die Selbstheilungskräfte der Marktwirtschaft gesunken. Umfragen des Allensbach-Instituts zeigen, dass nur 31 Prozent der Befragten das freie Unternehmertum als ein für die Allgemeinheit nützliches Tun und als Triebfeder der Wirtschaft erkennen. Damit sank auch die Zustimmung zur sozialen Marktwirtschaft als solcher. Dabei war diese in Deutschland lange Zeit ein identitätsstiftendes Modell, ein Alleinstellungsmerkmal zwischen Sozialismus und ungebändigtem Kapitalismus. Die Marktwirtschaft mit sozialem Gesicht, mit ausgewogener staatlicher Regelsetzung, beinhaltet z.B. einen progressiven Steuertarif, einen starken Arbeitnehmerschutz, Sozialversicherungen sowie Mitbestimmungsrechte der Angestellten. Doch was bedeutet dies für die Unternehmen? The continuing economic crisis has evoked doubts about the ability of markets to heal themselves. Surveys show a decreasing confidence in the social responsibility of companies – not only in the financial sector, but in businesses in general. Considering this development, Ulrike Reisach calls argues that companies have to show their societal value within all activities of the value added chain. Corporate Social responsibility must go beyond marketing or communications and reestablish the reputation of companies through contributing to societal well-being by providing excellent and high quality products or services enabling a better life for their users/customers, investing in their efficiency, environmental friendliness and financial sustainability, training their people continuously and creating satisfying jobs. With their time, knowledge organizational skills and resources in creating meaningful and sustainable values they can prove their benefits to all stakeholders such as customers, business partners, employees, neighborhoods, media and the society. Keywords: iso norm 2600, g8 g20 ebene, corporate social responsibility csr

scholarly journals Statistical Analysis of the Impact of Social and Economic Factors on the Level of Crime as a Threat to Russia’s National Security

2020 ◽  
pp. 86-92
Author(s):  
Albina Khalikova ◽  
Ekaterina Sapozhnikova
Keyword(s):  
Economic Development ◽  
National Security ◽  
Crime Rate ◽  
Well Being ◽  
The State ◽  
Federal State ◽  
Housing Provision ◽  
The Social ◽  
Social And Economic Development ◽  
The Impact

Criminality is one of the most serious, socially significant problems. Such a negative phenomenon can hinder the social and economic development of the state, hinder the development of state’s favorable image in the world and threaten its national security. In order to avoid such consequences, it is urgent to identify and research the determinants that affect the spread of crime countrywide. The paper is devoted to the determination of the relationship of the crime rate in Russia with the set of social and economic indicators. The relevance of the research is connected with the increased variability of criminality and its constituent elements. The analysis is based on the data of the Federal State Statistics Service in 72 Russian regions for the period from 2015 to 2018. With the help of the correlation and regression analysis, it has been found that up to 42% of the variation in the indicator, i.e. the number of registered crimes per 100,000 people of the population, is explained by the factors that characterize the social and economic development and the well-being of society: the state of labor market, housing provision and level of urbanization. The obtained results are faithful to the original data, since the regressor coefficients are statistically significant, and the relationships do not contradict the economic logic. The data processing was made by means of the Gretl software package. It is concluded that a significant impact on the crime rate in Russia over the past 4 years had such factors as unemployment rate, total area of residential premises per inhabitant in average, and share of the urban population in the total population of the region.

scholarly journals Corporate social responsibility: A pharmaceutical analysis

2005 ◽  
Vol 5 (1) ◽  
Author(s):  
D. J. Theron
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Well Being ◽  
Business Environment ◽  
Issues Management ◽  
Proactive Management ◽  
The Social ◽  
Modern Business ◽  
Corporate Social ◽  
The Impact

In the modern business environment organisations need to address two important aspects affecting their operations: the quality of management and the impact of their operations on the well-being of the society in which they operate. This dualism often results in economic, political and social dilemmas influencing the viability of organisations in general, and more specifically and recently, local and international pharmaceutical organisations operating in South Africa. This article considers the aspect of corporate social responsibility (CSR) in general and attempts to identify the social-related issues impacting on the pharmaceutical industry by means of content analysis - a research technique for making replicable and valid inferences from data. It furthermore describes the re-action of pharmaceutical organisations when confronted with such social demands, and finally analyses the management of CSR against four criteria of CSR. The article confirms the importance of managers to manage CSR towards society in a proactive manner. It furthermore suggests that the "hard" factors of strategic management and financial performance should be balanced with "soft" social/people issues. It also recommends that the industry should consider - and if applicable - endorse the concept of Issues Management as an approach to the proactive management of CSR.

scholarly journals THE FUNDAMENTAL PRINCIPLES OF EFFECTIVE STATE SOCIAL-ECONOMICAL POLICY (Part 3)

2018 ◽  
Vol 9 (2) ◽  
pp. 260-269
Author(s):  
E. A. Zhukov
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Function Analysis ◽  
Well Being ◽  
The State ◽  
Raw Material ◽  
Final Part ◽  
Economic Potential ◽  
The Social ◽  
Production Resources

This article is the final part of the complex author's research, and is a continuation of the previously published sections of the article in this journal (DOI: 10.18184/2079-4665.2016.7.1.136.140; DOI: 10.18184/2079-4665.2016.7.3.132.136).In the previous sections, the author examined the features of modern Russian socio-economic state policy in general and its financial component in particular. The answers to the questions were found and a systematic view of the essence of the state socio-economic policy was given. It was shown that the economic potential of the state determines the level of development and use of the three only possible production resources at all times. This is living labor (human resources companies), materialized (past) labour (main production funds) and material and energy resources developed and being in production turnover. Russia, like no other state in the world, has the potential all these production resources for timely, complete and quality provision of reasonable material and spiritual needs of all its citizens.Purpose: the aim of the presented final part of the research is a critical assessment of the tax legislation in force in Russia, and the reasoned justification that a reasonable tax system is an essential tool for sustainable economic growth.Methods: the methodological basis of the research was the General scientific methods of cognition (dialectic; coexistence of historic and logistic approaches; structure and function analysis; expert evaluation of social-economic policy).Results: considering Russia's economic potential and its use, it was noted that the modern state socio-economic policy is contrary to the objective economic laws of the formation of the social state. This creates favorable prerequisites for the formation of state-oligarchic capitalism in Russia, that is, the merging of private business with government officials. In words, this is accompanied by a fierce fight against corruption in the higher echelons of power, but in reality only contributes to its prosperity. Such a socio-economic policy inevitably leads to a greater lag in the economic development of Russia from the advanced post-industrial countries, rolling it to the margins of world development, and the transformation of our state into a raw material appendage and supplier of cheap labor for the progressively developing countries. It is inadmissible not to understand this to persons responsible for state social and economic policy.Conclusions and Relevance: the proposals on improving the Russian state tax policy as one of the most important conceptual bases of the country's successful social and economic development have been developed. When deciding on documents so crucial for the country, it is necessary to be guided not by the lobbying of narrowly departmental and personal interests, but by conceptual scientific bases. They should determine the social and economic effectiveness of such a policy in the development of a society that really strives to achieve the main values in the life of each person: the knowledge of the truth, a longer life expectancy, sufficiency and well-being.

Asymmetrical Attribution of Performance in China

Asian Survey ◽  
2020 ◽  
Vol 60 (5) ◽  
pp. 978-1003
Author(s):  
Jacqueline Chen Chen ◽  
Jun Xiang
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
Central Government ◽  
Cultural Theory ◽  
Political Trust ◽  
Mediation Model ◽  
Multilevel Mediation ◽  
Dual Pathway ◽  
Underlying Mechanisms ◽  
The Impact

Existing studies of the impact of economic development on political trust in China have two major gaps: they fail to explain how economic development contributes to the hierarchical trust pattern, and they do not pay enough attention to the underlying mechanisms. In light of cultural theory and political control theory, we propose adapting performance theory into a theory of “asymmetrical attribution of performance” to better illuminate the case of China. This adapted theory leads to dual pathway theses: expectation fulfillment and local blaming. Using a multilevel mediation model, we show that expectation fulfillment mainly upholds trust in the central government, whereas local blaming undermines trust in local governments. We also uncover a rural–urban distinction in the dual pathway, revealing that both theses are more salient among rural Chinese.

THE IMPACT OF DECENTRALIZATION ON THE DEVELOPMENT OF ENTREPRENEURSHIP IN UKRAINE

2017 ◽  
Author(s):  
Lyudmyla Mishchenko ◽  
◽  
Dmytro Mishchenko ◽  
Keyword(s):  
Social Entrepreneurship ◽  
Local Governments ◽  
Poverty Reduction ◽  
Social Protection ◽  
Local Community ◽  
Well Being ◽  
Economic Incentives ◽  
Social Enterprises ◽  
Infrastructural Support ◽  
The Impact

The actualization of the results of financial decentralization in Ukraine as part of the reform of decentralization of power and the development of proposals for its improvement is explained by the fact that a clear division of functions, powers and financial resources between national and regional levels is the basis for the well-being of our citizens. opportunities for its sustainable socio- economic development on a democratic basis. It is noted that financial decentralization is a process of giving authority to mobilize revenues and expenditures of local governments in order to increase the effectiveness of the implementation of these powers and better management of community budgets. It is established that unlike traditional entrepreneurship, which focuses on profit generation, the purpose of social entrepreneurship is to create and accumulate social capital. Abroad, social enterprises operate successfully in the fields of education, the environment, human rights, poverty reduction and health care, and their development and dissemination is one way to improve the living conditions of citizens. A similar mission is entrusted to local governments, which allows us to consider the revival of social entrepreneurship as an important element in improving self-government policy. It is determined that in modern conditions social entrepreneurship is one of the tools to ensure the ability of the local community to provide its members with an appropriate level of education, culture, health, housing and communal services, social protection, etc., as well as plan and implement programs efficient use of available natural and human resources, investment and infrastructural support of territorial communities. Due to financial decentralization, local governments have received additional resources that can be used to create economic incentives to promote social entrepreneurship in small and medium-sized businesses at the community level.

A Comparison of CSR Disclosure Guidelines and a Self-Prepared CSR Disclosure Index- A Study of Select Automotive Companies

2015 ◽  
Vol 4 (2) ◽  
Author(s):  
N.K. Gupta ◽  
Shilki Bhatia
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Economic Environment ◽  
Global Reporting Initiative ◽  
The Social ◽  
Regulatory Bodies ◽  
Csr Disclosure ◽  
Corporate Social ◽  
The Impact ◽  
Voluntary Guidelines

In India, corporate social responsibility and its disclosure got attention during the eighties and have been gaining importance with time in present economic environment, especially after adoption of liberalization, privatization, and globalization (LPG) (Goswami, 2011). Guidelines, principles, and codes are being developed by various regulatory bodies in India and across the globe to increase transparency and accountability about both a companys daily operations and the impact of these operations on society (Tran, 2014) In this paper, the author has studied the CSR guidelines laid down by Global Reporting Initiative G3.1 (GRI-G-3) and The National Voluntary Guidelines by Ministry of Corporate Affairs (NVG-MCA) and has compared them with a self-composed CSR Disclosure Index (CSRDI). The social responsibility initiatives taken by select Indian Automotive Companies have been analyzed and the companies have been rated as per the disclosures made by them. The main focus of the research is to compare the CSR Rankings of companies as per CSRDI with the companies rankings as per GRI-G-3 and NVG-MCA. It was observed that out of 30 sensex companies, Maruti Suzuki and TATA Motors have been the pioneers in contribution towards CSR initiatives. The top five rated companies were TATA Motors, Maruti Suzuki, Mahindra and Mahindra, Hero Motocorp, Bajaj Auto, and Apollo Tyres.

scholarly journals The impact of the COVID-19 pandemic on socio-economic and sustainability

2021 ◽  
Author(s):  
Xueli Wei ◽  
Lijing Li ◽  
Fan Zhang
Keyword(s):  
World Economy ◽  
Social Economy ◽  
Secondary Data ◽  
Well Being ◽  
Cross Sectional ◽  
The Social ◽  
The World ◽  
The Status ◽  
Sectional Analysis ◽  
The Impact

Pumping elephantThe COVID-19 pandemic has adversely affected the lives of people around the world in millions of ways . Due to this severe epidemic, all countries in the world have been affected by all aspects, mainly economic. It is widely discussed that the COVID-19 outbreak has affected the world economy. When considering this dimension, this study aims to examine the impact of the COVID-19 pandemic on the world economy, socio-economics, and sustainability. In addition, the research focuses on multiple aspects of social well-being during the pandemic, such as employment, poverty, the status of women, food security, and global trade. To this end, the study used time series and cross-sectional analysis of the data. The second-hand data used in this study comes from the websites of major international organizations. From the analysis of secondary data, the conclusion of this article is that the impact of the pandemic is huge. The main finding of the thesis is that the social economy is affected by the pandemic, causing huge losses in terms of economic well-being and social capital.

scholarly journals ‘Getting back to normality seems as big of a step as going into lockdown’: the impact of the COVID-19 pandemic on people with early to middle stage dementia

2021 ◽  
Author(s):  
Catherine V Talbot ◽  
Pam Briggs
Keyword(s):  
Well Being ◽  
Cognitive Stimulation ◽  
Social Worlds ◽  
Middle Stage ◽  
People With Dementia ◽  
The Social ◽  
Function Loss ◽  
The Government ◽  
Person With Dementia ◽  
The Impact

Abstract People with dementia can experience shrinkage of their social worlds, leading to a loss of independence, control and reduced well-being. We used ‘the shrinking world’ theory to examine how the COVID 19 pandemic has impacted the lives of people with early to middle stage dementia and what longer-term impacts may result. Interviews were conducted with 19 people with dementia and a thematic analysis generated five themes: the forgotten person with dementia, confusion over government guidance, deterioration of cognitive function, loss of meaning and social isolation, safety of the lockdown bubble. The findings suggest that the pandemic has accelerated the ‘shrinking world’ effect and created tension in how people with dementia perceive the outside world. Participants felt safe and secure in lockdown but also missed the social interaction, cognitive stimulation and meaningful activities that took place outdoors. As time in lockdown continued, these individuals experienced a loss of confidence and were anxious about their ability to re-engage in the everyday practises that allow them to participate in society. We recommend ways in which the government, communities and organisations might counteract some of the harms posed by this shrinking world.

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