Abstract
This comparative study aimed to investigate Corporate Social Responsibility (CSR) practices in the emerging economies in Eastern Europe, specifically considering Poland and Russia. Despite sharing history and culture to a larger extent, the two countries’ political and economic development took different trajectories that led to the formation of a distinct environment for CSR practices. Secondary sources considered in this research are narrowed down through a funnel approach to gain an in-depth understanding of the existing phenomenon. From the extensive review, we found that there are severe challenges for the Russian framework of CSR practices due to a lack of disclosure and regulatory measures. This has impacted the country’s sustainable development plans to a larger extent. Nonetheless, post-pandemic, many companies are creating opportunities to involve the government in formulating a conducive environment. On the other hand, Poland has experienced higher interest and awareness about CSR. The CSR initiatives in Poland have significant potential to bring social, environmental, and economic rewards.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Argandoña, A., & von Weltzien Hoivik, H. (2009). Corporate social responsibility: One size does not fit all. Collecting evidence from Europe. Journal of Business Ethics, 89(3), 221–234. https://doi.org/10.1007/s10551-010-0394-4
Aslaksen, H. M., Hildebrandt, C., & Johnsen, H. C. G. (2021). The long-term transformation of the concept of CSR: Towards a more comprehensive emphasis on sustainability. International Journal of Corporate Social Responsibility, 6(1), 11. https://doi.org/10.1186/s40991-021-00063-9
Carroll, A. B. (1979). A three-dimensional conceptual model of corporate performance. The Academy of Management Review, 4(4), 497–505. https://doi.org/10.2307/257850
Carroll, A. B. (2000). Ethical challenges for business in the new millennium: Corporate social responsibility and models of management morality. Business Ethics Quarterly, 10(1), 33–42. https://doi.org/10.2307/3857692
Charles Nwaneri, E. (2015). The impact of corporate social responsibility (CSR) on organization profitability. International Journal of Business and Management, 10(9). https://doi.org/10.5539/ijbm.v10n9p60
Chavda, D., Acharya, M., & Patel, H. (2022). A study on CSR activities in banking sector as a factor of economic growth. International Journal of Management, Public Policy and Research, 1(2), 88–93. https://doi.org/10.55829/ijmpr.v1i2.75
Cherkasova, V., & Nenuzhenko, I. (2022). Investment in ESG projects and corporate performance of multinational companies. Journal of Economic Integration, 37(1), 54–92. Accessed from https://www.e-jei.org/journal/view.php?doi=10.11130/jei.2022.37.1.54
Cho, S. J., Chung, C. Y., & Young, J. (2019). Study on the relationship between CSR and financial performance. Sustainability, 11(2), 343. https://doi.org/10.3390/su11020343
Crotty, J. (2016). Corporate social responsibility in the Russian Federation: A contextualized approach. Business & Society, 55(6), 825–853. https://doi.org/10.1177/0007650314561965
Dyczkowska, J., Krasodomska, J., & Michalak, J. (2016). CSR in Poland: Institutional context, legal framework and voluntary initiatives. Journal of Accounting and Management Information Systems, 15(2), 206–254. Accessed from https://ideas.repec.org/a/ami/journl/v15y2016i2p206-254.html
Elms, H. (2006). Corporate (and stakeholder) responsibility in central and Eastern Europe. International Journal of Emerging Markets, 1(3), 203–211. https://doi.org/10.1108/17468800610674435
European Commission. (2011). European Commission Communication: A renewed EU strategy 2011-14 for Corporate Social Responsibility. ENAT Library. Retrieved from: http://ec.europa.eu/enterprise/newsroom/cf/itemlongdetail.cfm?item_id=5511
Faizan, R., Haque, A.U., Cockrill, A., & Aston, J. (2019). Females at Strategic Level affecting Logistics Firms’ Competitiveness: Qualitative Comparative Analysis. Forum Scientiae Oeconomia, 7(1), 57–71.
Fijałkowska, J., & Macuda, M. (2018). CSR reporting practices in Poland. In Corporate social responsibility in Poland. Strategies, opportunities and challenges. Springer.
Fitch, H. G. (1976). Achieving corporate social responsibility. The Academy of Management Review, 1(1), 38–46. https://doi.org/10.2307/257357
Gautam, R., Singh, A., & Bhowmick, D. (2016). Demystifying relationship between corporate social responsibility (CSR) and financial performance: An Indian business perspective. Independent Journal of Management & Production, 7(4), 1034–1062. Accessed from http://www.redalyc.org/articulo.oa?id=449549377003
Gorova, K., & Deng, Q. (2021). Definition of the concept of corporate social responsibility in modern conditions. Kharkiv Polytechnic University, 87(2), 26–29. https://doi.org/10.32782/2304-0920/2-87-4
Hąbek, P. (2017). CSR reporting practices in Visegrad group countries and the quality of disclosure. Sustainability, 9(12), 2322. https://doi.org/10.3390/su9122322
Haque, A. U. (2020). Varying occupational stress and organisational commitment within the university staff of contrasting economies (Cross-sectional comparative study of middle range public universities in Pakistan and the UK). Published DBA Thesis, UWTSD Repository. Accessed from https://repository.uwtsd.ac.uk/id/eprint/1570/
Hategan, C.-D., Sirghi, N., Curea-Pitorac, R.-I., & Hategan, V.-P. (2018). Doing well or doing good: The relationship between corporate social responsibility and profit in Romanian companies. Sustainability, 10(4), 1041. https://doi.org/10.3390/su10041041
Kadnikova, O. V., & Lobkov, G. (2018). Современное состояние корпоративной социальной ответственности в России и Германии (Current state of corporate social responsibility in Russia and Germany). Leadership and Management, 5, 105. https://doi.org/10.18334/lim.5.3.39513
Kudłak, R. (2020). CSR in Poland: The rise and development of corporate social responsibility. In Rethinking business responsibility in a global context (pp. 135–146). Springer. https://doi.org/10.1007/978-3-030-34261-6_9
Kuti, É. (1999). Different eastern European countries at different crossroads. Voluntas: International Journal of Voluntary and Nonprofit Organizations, 10(1), 51–60. Accessed from http://www.jstor.org/stable/27927634
Lecka, I., Gudowski, J., & Wołowiec, T. (2022). CSR in Poland and the implementation of sustainable development goals in the energy Sector during the COVID-19 pandemic. Energies, 15(19), 1–25. https://doi.org/10.3390/en15197057
Lu, J., Ren, L., Lin, W., He, Y., & Streimikis, J. (2019). Policies to promote corporate social responsibility (CSR) and assessment of CSR impacts. E a M: Ekonomie a Management, 22(1), 82–98. https://doi.org/10.15240/tul/001/2019-1-006
Macuda, M., Matuszak, Ł., & Różańska, E. (2015). The concept of CSR in accounting theory and practice in Poland: An empirical study. Zeszyty Teoretyczne Rachunkowości, 84(140), 115–137. https://doi.org/10.5604/16414381.1173808
Maon, F., Swaen, V., & Lindgreen, A. (2017). One vision, different paths: An investigation of corporate social responsibility initiatives in Europe. Journal of Business Ethics, 143(2), 405–422. https://doi.org/10.1007/s10551-015-2810-2
Markova, O. V. (2021). Development of corporate social responsibility in Russia in the post-pandemic period. In Актуальные тренды в экономике и финансах [Current trends in economics and finance] (pp. 75–77). Moscow International University.
Nekhoda, Y., Grishina, K., Ziganshina, Y., Golovanov, A., Redchikova, N., & Rakovskaya, V. (2015). Corporate social responsibility: Theory and practice. Tomsk State University. Accessed from https://core.ac.uk/download/pdf/287487615.pdf
Rogerson, M. (2023). Business and human rights in Russia: Emerging or merging? Business and Human Rights Journal, 2023, 1–26. https://doi.org/10.1017/bhj.2022.29
Rudneva, L. E. (2022). Formation of a comprehensive model of corporate social responsibility. In Materials of scientific conferences.
Rutkowska, M., & Pakulska, J. (2021). The corporate social responsibility (CSR) as the modern trend in management and sustainable economy. European Research Studies Journal, XXIV(2), 346–357. https://doi.org/10.35808/ersj/2130
Sheehy, B. (2015). Defining CSR: Problems and solutions. Journal of Business Ethics, 131(3), 625–648. Accessed from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2156655
Shumilina, A. A., & Ostapenko, A. V. (2022). Корпоративная социальная ответственность: особенности развития в России и за рубежом [Corporate social responsibility: Peculiarities of development in Russia and abroad]. In Collection of scientific articles for VIII Russian National Scientific Conference “current management problems”, pp. 156–158.
Tashman, P., Marano, V., & Kostova, T. (2019). Walking the walk or talking the talk? Corporate social responsibility decoupling in emerging market multinationals. Journal of International Business Studies, 50(2), 153–171. https://doi.org/10.1057/s41267-018-0171-7
Tikhomirov, A. S. (2022). Modern trends of corporate social responsibility on the example of Russian and foreign companies. Interactive Science, 1(66), 43–45. https://doi.org/10.21661/r-555864
Wang, H., Tong, L., Takeuchi, R., & George, G. (2016). Corporate social responsibility: An overview and new research directions. The Academy of Management Journal, 59, 534–544. https://doi.org/10.5465/amj.2016.5001
Wołczek, P. (2015). Development of the CSR concept in Poland – Progress or stagnation? Prace Naukowe Uniwersytetu Ekonomicznego We Wrocławiu. https://doi.org/10.15611/pn.2015.387.17
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Rakov, M., Haque, A.u. (2023). Emerging Economies in Eastern Europe: Corporate Social Responsibility. In: Yamoah, F.A., Haque, A.u. (eds) Corporate Management Ecosystem in Emerging Economies . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-41578-4_16
Download citation
DOI: https://doi.org/10.1007/978-3-031-41578-4_16
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-41577-7
Online ISBN: 978-3-031-41578-4
eBook Packages: Business and ManagementBusiness and Management (R0)