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RUSSIAN PRACTICE OF IMPLEMENTATION OF CORPORATE SOCIAL RESPONSIBILITY

Anastasia E. Sudakova

Abstract

At the head of all the activities of society are human resources, they are making technological breakthroughs and the development of economic growth. In the overwhelming majority of cases, the development of new technologies is carried out at the expense of organizations working to improve the economy and technological development; organizations face the difficult task of stimulating human resources for a technological breakthrough. In this article, corporate social responsibility is considered as one of the tools of the ?new industrial policy?. The article analyzes the impact that corporate social responsibility (CSR) has on financial efficiency of Russian oil and gas companies. The authors focus on the case of Gazpromneft and apply the methodology proposed by E.N. Kharitonova. The authors attempted to identify and analyze the relationship between corporate social responsibility (CSR) of an enterprise and the economic efficiency of an enterprise. The method used by E.N. Kharitonova to assess the impact of CSR on the economic efficiency of the enterprise. The authors use the statistical and analytical data of Gazprom?s financial and nonfinancial reports to show the direct correlation between CSR programs and the company's financial results. It was also found that managers, business owners, shareholders, and members of the public have different expectations and visions of CSR. The results of this study can be further used to develop tools for forecasting companies? progress and development.

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DOI resolver: doi.org/10.5593/sgem2019/5.3/s21.079

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