Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities

Marina V. Vasiljeva; Alexander N. Semin; Vadim V. Ponkratov; Nikolay V. Kuznetsov; Evgeniy V. Kostyrin; Nadezhda N. Semenova; Marina I. Ivleva; Angelina O. Zekiy; Natalia V. Ruban-Lazareva; Alexander L. Elyakov; Iskandar Muda

doi:10.28991/ESJ-2023-07-03-08

Authors

Marina V. Vasiljeva
marina.vasiljeva2017@gmail.com
Autonomous Non-Profit Organization "Publishing House Scientific Review” (Nauchnoe Obozrenie), Moscow,, Russian Federation
Alexander N. Semin Ural State University of Economics, Yekaterinburg,, Russian Federation
Vadim V. Ponkratov Financial University under the Government of the Russian Federation, Moscow,, Russian Federation
Nikolay V. Kuznetsov The State University of Management, Moscow,, Russian Federation
Evgeniy V. Kostyrin Bauman Moscow State Technical University, Moscow,, Russian Federation
Nadezhda N. Semenova National Research Mordovia State University, Saransk,, Russian Federation
Marina I. Ivleva Plekhanov Russian University of Economics, Moscow,, Russian Federation
Angelina O. Zekiy I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow,, Russian Federation
Natalia V. Ruban-Lazareva National University of Science and Technology "MISIS”, Moscow,, Russian Federation
Alexander L. Elyakov North-Eastern Federal University named after M.K. Ammosov, Yakutsk,, Russian Federation
Iskandar Muda Universitas Sumatera Utara, Medan,, Indonesia

Vol. 7 No. 3 (2023): June

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Background: Corporate social responsibility (CSR) has a great influence on the sustainability of company development, so it can be considered a business model for business effectiveness. Objective: The objective of the research is to determine the mutual influence of real-estate companies' activities and CSR effectiveness in different countries. This study examines indicators for assessing companies' financial stability, CSR, and working capital management's influence on the activity effectiveness of real-estate companies. Methods/Analysis: Questionnaires, the principal component method, the Sobel test, and linear regression analysis are used to evaluate the relationship between CSR and the business performance of autocratic management-style companies. The authors' algorithm for assessing a company's financial stability, CSR, and capital management, which affect the efficiency of companies, is proposed. Findings: Empirical analysis has shown that management has no mediating effect on CSR and enterprise performance relationships for companies with high financial stability and working capital, though it has a stimulating effect for low financial stability companies. CSR and business performance have positive relationships in companies, but despite financial stability growing, the autocratic leadership style reduces interest in CSR development. This paper conceptualizes the impacts of CSR on the effectiveness of companies. Novelty: The novelty of this study is to create theoretical and practical provisions aimed at laws and regulations.

Doi: 10.28991/ESJ-2023-07-03-08

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Vasiljeva, M. V., Semin, A. N., Ponkratov, V. V., Kuznetsov, N. V., Kostyrin, E. V., Semenova, N. N., … Muda, I. (2023). Impact of Corporate Social Responsibility on the Effectiveness of Companies’ Business Activities. Emerging Science Journal, 7(3), 768–790. https://doi.org/10.28991/ESJ-2023-07-03-08

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Impact of Corporate Social Responsibility on the Effectiveness of Companies' Business Activities

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