Corporate Social Responsibility Practices and their Application

Nosova Olga Valentinovna(1),

(1) Banking University, Karkov Institute, Ukraine


In world practice of the concept of CSR business has become synonymous with the concept of an effective and transparent business with sustainability effects. Multinational companies prove a more positive public image, enhance profitability models, and show the benefits and values of the company’s activities and corporate investments in the society (of the country). The aim of this article is to identify the factors affecting on the development of CSR in Germany and proposes the development of policies to encourage the adoption of CSR practices in Ukraine. The research method used in this study will consist of a critical review of the scholarly and refereed literature and will be based on the use of comparative economic analysis models of corporate governance and CSR. The authors suggest that analysis of the basic features of German CSR model could be applied for emerging economies.


corporate social responsibility, corporate practices, social partnership programs

Full Text:



Anazonwu, H. O., Egbunike, F. C., & Gunardi, A. (2018). Corporate Board Diversity on Sustainability Reporting: A Study of Selected Listed Manufacturing Firms in Nigeria. Indonesian Journal of Sustainability Accounting and Management, 2(1), 65–78.

Arias, J. C., & Patterson, K. (2009). Relationships between Corporate Social Responsibilities’ Promotion and Corporate Performance in the Multinational Corporations. Business Intelligence Journal, 2(1), 93–112.

Blindheim, B.-T. (2015). Institutional Models of Corporate Social Responsibility: A Proposed Refinement of the Explicit-Implicit Framework. Business and Society, 54(1), 52–88.

Jones, P., & Comfort, D. (2018). The Coca Cola Brand and Sustainability. Indonesian Journal of Applied Business and Economic Research, 1(1), 34–46.

Odoemelam, N., & Okafor, R. G. (2018). The Influence of Corporate Governance on Environmental Disclosure of Listed Non-Financial Firms in Nigeria. Indonesian Journal of Sustainability Accounting and Management, 2(1), 25–49.

Onuorah, O. A., Egbunike, F. C., & Gunardi, A. (2018). The Influence of Corporate Board Attributes on Voluntary Social Disclosure of Selected Quoted Manufacturing Firms in Nigeria. Indonesian Journal of Applied Business and Economic Research, 1(1), 20–33.

Pijourlet, G. (2015). Does Corporate Social Responsibility Have an Impact on Financing Decisions? Bankers, Markets and Investors, (136–137), 5–19.

Rodríguez, L. C., Montiel, I., & Ozuna, T. (2014). A Conceptualization of How Firms Engage in Corporate Responsibility Based on Country Risk. Business and Society, 53(5), 625–651.

Saprykina, M. A. (2015). CSR Practices in Ukraine 2015. Kyiv: Centre for CSR Development.

Savina, Т. N. (2016). The Institutionalization of the Concept of Corporate Social Responsibility: Opportunities and Prospects. European Research Studies Journal, 19(Special Issue 3), 56–76.






  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.