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CORPORATE SOCIAL RESPONSIBILITY AS A RESERVE FOR THE GROWTH OF ENTREPRENEURIAL ACTIVITY IN THE RUSSIAN ARCTIC
Corresponding Author(s) : Tatiana Skufina
Humanities & Social Sciences Reviews,
Vol. 7 No. 6 (2019): November
Abstract
Purpose of the study: To explore the consists of studying the opportunities for unlocking the potential of carrying out an entrepreneurial activity of big business within the Russian Arctic as a part of corporate social responsibility policy conducted by it.
Methodology: The leading approach identified is the integrated approach which includes theoretical generalizations, analysis of practical activities of the corporations, and sociological methods of obtaining the information.
Main Findings: The main concepts of big business management that contribute to boosting its entrepreneurial activity have been discussed, and opportunities for enhancing the entrepreneurial activity of big business within the Russian Arctic as a constituent of the corporate social responsibility policy have been found.
Applications of this study: The materials of the paper are of practical importance for corporations working within the Russian Arctic.
Novelty/Originality of this study: In the work, models of corporate social responsibility implemented by corporations of the Arctic states have been summarized.
Keywords
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- Analytical center of the RF (2015). Government Energy bulletin: Social responsibility of oil and gas companies. Retrieved from: http://ac.gov.ru/files/publication/a/7047.pdf
- Baranov, S. V., Bazhutova, E. A., Biev, A. A., Emelyanova, E. E., Serova, V. A., Serova, N. A., Skufina, T. P., &Yakovchuk, A. E. (2018). Main aspects of economic development and management of the Arctic zone of the Russian Federation: a monograph. In T. P. Skufina, & N. A. Serova (Eds.). Moscow: "Nauchniykonsultant" publishers.
- Bjørnskov, C., & Foss, N. J. (2016). Institutions, entrepreneurship, and economic growth: what do we know and what do we still need to know? Academy of Management Perspectives, 30(3), 292–315. https://doi.org/10.5465/amp.2015.0135 DOI: https://doi.org/10.5465/amp.2015.0135
- Campbell, N. D., Rogers, T. M., & Heriot, K. C. (2007). The Economic Freedom Index as a Determinant of Firm Births and Firm Deaths. Southwest Business & Economics Journal, 16(8), 37–51.
- Cassar, G. (2007). Money, money, money? A longitudinal investigation of entrepreneur career reasons, growth preferences and achieved growth. Entrepreneurship and Regional Development, 19(1), 89–107. https://doi.org/10.1080/08985620601002246 DOI: https://doi.org/10.1080/08985620601002246
- Draskovic, M., Milica, D., Mladen, I., &Chigisheva, O. (2017). Preference of institutional changes in social and economic development. Journal of International Studies, 10(2), 318–328. https://doi.org/10.14254/2071-8330.2017/10-2/22 DOI: https://doi.org/10.14254/2071-8330.2017/10-2/22
- Edoho, F. M. (2016). Entrepreneurship paradigm in the new millennium: A critique of public policy on entrepreneurship. Journal of Entrepreneurshipin Emerging Economies, 8(2), 279–294. https://doi.org/10.1108/JEEE-08-2015-0043 DOI: https://doi.org/10.1108/JEEE-08-2015-0043
- Hall, J. C., & Sobel, R. S. (2008). Institutions, Entrepreneurship, and Regional Differences in Economic Growth. Southern Journal of Entrepreneurship, 1(1), 70–96.
- Hessels, J., Van Gelderen, M., &Thurik, R. (2008). Entrepreneurial aspirations, motivations, and their drivers. Small Business Economics, 31(3), 323–339. https://doi.org/10.1007/s11187-008-9134-x DOI: https://doi.org/10.1007/s11187-008-9134-x
- Kopein, V., &Filimonova, E. (2015). Uneven development of Russia regions as economic security factor. EuropeanScienceReview, 9–10, 157–159. https://doi.org/10.20534/ESR-15-9.10-157-159 DOI: https://doi.org/10.20534/ESR-15-9.10-157-159
- Liñán, F., & Fernandez-Serrano, J. (2014). National culture, entrepreneurship and economic development: different patterns across the European Union. Small Business Economics, 42(4), 685–701. https://doi.org/10.1007/s11187-013-9520-x DOI: https://doi.org/10.1007/s11187-013-9520-x
- MCC EuroChem (2017). Annual report of JSC "Eurochem MCC" for 2017. Retrieved fromhttps://mcc.eurochem.ru/wp-content/uploads/2019/05/2017_RUEMO_Annual-report_2.pdf.Accessed 27 September 2019.
- MMC Norilsk Nickel (2017). Annual report of PJSC "Norilsk Nickel MMC" for 2017. Retrieved fromhttps://ar2017.nornickel.ru/download/full-reports/ar_ru_annual-report_spreads.pdf
- Minniti, M., & Levesque, M. (2008). Recent developments in the economics of entrepreneurship. Journal of Business Venturing, 23, 603–612. https://doi.org/10.1016/j.jbusvent.2008.01.001 DOI: https://doi.org/10.1016/j.jbusvent.2008.01.001
- Mueller, S. L., & Thomas, A. S. (2001). Culture and entrepreneur-ial potential: a nine country study of locus of control andinnovativeness. Journal of Business Venturing, 16(1), 51–75. https://doi.org/10.1016/S0883-9026(99)00039-7 DOI: https://doi.org/10.1016/S0883-9026(99)00039-7
- Noseleit, F. (2013). Entrepreneurship, structural change, and economic growth. Journal of Evolutionary Economics, 23(4), 735–766. https://doi.org/10.1007/s00191-012-0291-3 DOI: https://doi.org/10.1007/s00191-012-0291-3
- PhosAgro PJSC (2016). Integrated report of PhosAgro PJSC for 2016. Retrieved fromhttps://www.phosagro.ru/investors/reports/get/item13626.php.
- Samarina, V. P., Skufina, T. P., &Samarin, A. V. (2018). Russia's North Regions as Frontier Territories: Demographic Indicators and Management Features. European Research Studies Journal, XXI(3), 705–716. https://doi.org/10.35808/ersj/1094 DOI: https://doi.org/10.35808/ersj/1094
- Severstal PJSC (2017). Report on the corporate social responsibility and sustainable development of Severstal PJSC for 2017. Retrieved from https://olcon.ru/files/olcon/document/files/838/social_report_2017.pdf
- Skufina, T. P., Baranov, S. V., &Samarina, V. P. (2016). Dependency between economic development of the Russian regions and their level of informatization. Actual Problems of Economics, 7(181), 485–493.
- Sobel, R. S. (2008). Testing Baumol: Institutional quality and the productivity of entrepreneurship. Journal of Business Venturing, 23(6), 641–655. https://doi.org/10.1016/j.jbusvent.2008.01.004 DOI: https://doi.org/10.1016/j.jbusvent.2008.01.004
- Spligel, B., &Stam, E. (2016). Entrepreneurial Ecosystems. Handbook for Entrepreneurship and Small Business. London: SAGE.
- Suopajärvi, L., Ejdemo, T., Klyuchnikova, E., Korchak, E., Nygaard, V., &Poelzer, G. A. (2017). Social impacts of the “glocal†mining business: case studies from Northern Europe. Mineral Economics, 30(1), 31–39. https://doi.org/10.1007/s13563-016-0092-5 DOI: https://doi.org/10.1007/s13563-016-0092-5
- Suopajärvi, L., Poelzer, G. A., Ejdemo, T., Klyuchnikova, E., Korchak, E., &Nygaard, V. (2016). Social sustainability in northern mining communities: a study of the European North and Northwest Russia. Elsevier Science Publishing Company, 47, 61–68. https://doi.org/10.1016/j.resourpol.2015.11.004 DOI: https://doi.org/10.1016/j.resourpol.2015.11.004
- Urbano, D., Aparicio, S., &Audretsch, D. (2018). Twenty-five years of research on institutions, entrepreneurship, and economic growth: What has been learned? SmallBusinessEconomics, Springer, 53(1), 21–49. https://doi.org/10.1007/s11187-018-0038-0 DOI: https://doi.org/10.1007/s11187-018-0038-0
References
Analytical center of the RF (2015). Government Energy bulletin: Social responsibility of oil and gas companies. Retrieved from: http://ac.gov.ru/files/publication/a/7047.pdf
Baranov, S. V., Bazhutova, E. A., Biev, A. A., Emelyanova, E. E., Serova, V. A., Serova, N. A., Skufina, T. P., &Yakovchuk, A. E. (2018). Main aspects of economic development and management of the Arctic zone of the Russian Federation: a monograph. In T. P. Skufina, & N. A. Serova (Eds.). Moscow: "Nauchniykonsultant" publishers.
Bjørnskov, C., & Foss, N. J. (2016). Institutions, entrepreneurship, and economic growth: what do we know and what do we still need to know? Academy of Management Perspectives, 30(3), 292–315. https://doi.org/10.5465/amp.2015.0135 DOI: https://doi.org/10.5465/amp.2015.0135
Campbell, N. D., Rogers, T. M., & Heriot, K. C. (2007). The Economic Freedom Index as a Determinant of Firm Births and Firm Deaths. Southwest Business & Economics Journal, 16(8), 37–51.
Cassar, G. (2007). Money, money, money? A longitudinal investigation of entrepreneur career reasons, growth preferences and achieved growth. Entrepreneurship and Regional Development, 19(1), 89–107. https://doi.org/10.1080/08985620601002246 DOI: https://doi.org/10.1080/08985620601002246
Draskovic, M., Milica, D., Mladen, I., &Chigisheva, O. (2017). Preference of institutional changes in social and economic development. Journal of International Studies, 10(2), 318–328. https://doi.org/10.14254/2071-8330.2017/10-2/22 DOI: https://doi.org/10.14254/2071-8330.2017/10-2/22
Edoho, F. M. (2016). Entrepreneurship paradigm in the new millennium: A critique of public policy on entrepreneurship. Journal of Entrepreneurshipin Emerging Economies, 8(2), 279–294. https://doi.org/10.1108/JEEE-08-2015-0043 DOI: https://doi.org/10.1108/JEEE-08-2015-0043
Hall, J. C., & Sobel, R. S. (2008). Institutions, Entrepreneurship, and Regional Differences in Economic Growth. Southern Journal of Entrepreneurship, 1(1), 70–96.
Hessels, J., Van Gelderen, M., &Thurik, R. (2008). Entrepreneurial aspirations, motivations, and their drivers. Small Business Economics, 31(3), 323–339. https://doi.org/10.1007/s11187-008-9134-x DOI: https://doi.org/10.1007/s11187-008-9134-x
Kopein, V., &Filimonova, E. (2015). Uneven development of Russia regions as economic security factor. EuropeanScienceReview, 9–10, 157–159. https://doi.org/10.20534/ESR-15-9.10-157-159 DOI: https://doi.org/10.20534/ESR-15-9.10-157-159
Liñán, F., & Fernandez-Serrano, J. (2014). National culture, entrepreneurship and economic development: different patterns across the European Union. Small Business Economics, 42(4), 685–701. https://doi.org/10.1007/s11187-013-9520-x DOI: https://doi.org/10.1007/s11187-013-9520-x
MCC EuroChem (2017). Annual report of JSC "Eurochem MCC" for 2017. Retrieved fromhttps://mcc.eurochem.ru/wp-content/uploads/2019/05/2017_RUEMO_Annual-report_2.pdf.Accessed 27 September 2019.
MMC Norilsk Nickel (2017). Annual report of PJSC "Norilsk Nickel MMC" for 2017. Retrieved fromhttps://ar2017.nornickel.ru/download/full-reports/ar_ru_annual-report_spreads.pdf
Minniti, M., & Levesque, M. (2008). Recent developments in the economics of entrepreneurship. Journal of Business Venturing, 23, 603–612. https://doi.org/10.1016/j.jbusvent.2008.01.001 DOI: https://doi.org/10.1016/j.jbusvent.2008.01.001
Mueller, S. L., & Thomas, A. S. (2001). Culture and entrepreneur-ial potential: a nine country study of locus of control andinnovativeness. Journal of Business Venturing, 16(1), 51–75. https://doi.org/10.1016/S0883-9026(99)00039-7 DOI: https://doi.org/10.1016/S0883-9026(99)00039-7
Noseleit, F. (2013). Entrepreneurship, structural change, and economic growth. Journal of Evolutionary Economics, 23(4), 735–766. https://doi.org/10.1007/s00191-012-0291-3 DOI: https://doi.org/10.1007/s00191-012-0291-3
PhosAgro PJSC (2016). Integrated report of PhosAgro PJSC for 2016. Retrieved fromhttps://www.phosagro.ru/investors/reports/get/item13626.php.
Samarina, V. P., Skufina, T. P., &Samarin, A. V. (2018). Russia's North Regions as Frontier Territories: Demographic Indicators and Management Features. European Research Studies Journal, XXI(3), 705–716. https://doi.org/10.35808/ersj/1094 DOI: https://doi.org/10.35808/ersj/1094
Severstal PJSC (2017). Report on the corporate social responsibility and sustainable development of Severstal PJSC for 2017. Retrieved from https://olcon.ru/files/olcon/document/files/838/social_report_2017.pdf
Skufina, T. P., Baranov, S. V., &Samarina, V. P. (2016). Dependency between economic development of the Russian regions and their level of informatization. Actual Problems of Economics, 7(181), 485–493.
Sobel, R. S. (2008). Testing Baumol: Institutional quality and the productivity of entrepreneurship. Journal of Business Venturing, 23(6), 641–655. https://doi.org/10.1016/j.jbusvent.2008.01.004 DOI: https://doi.org/10.1016/j.jbusvent.2008.01.004
Spligel, B., &Stam, E. (2016). Entrepreneurial Ecosystems. Handbook for Entrepreneurship and Small Business. London: SAGE.
Suopajärvi, L., Ejdemo, T., Klyuchnikova, E., Korchak, E., Nygaard, V., &Poelzer, G. A. (2017). Social impacts of the “glocal†mining business: case studies from Northern Europe. Mineral Economics, 30(1), 31–39. https://doi.org/10.1007/s13563-016-0092-5 DOI: https://doi.org/10.1007/s13563-016-0092-5
Suopajärvi, L., Poelzer, G. A., Ejdemo, T., Klyuchnikova, E., Korchak, E., &Nygaard, V. (2016). Social sustainability in northern mining communities: a study of the European North and Northwest Russia. Elsevier Science Publishing Company, 47, 61–68. https://doi.org/10.1016/j.resourpol.2015.11.004 DOI: https://doi.org/10.1016/j.resourpol.2015.11.004
Urbano, D., Aparicio, S., &Audretsch, D. (2018). Twenty-five years of research on institutions, entrepreneurship, and economic growth: What has been learned? SmallBusinessEconomics, Springer, 53(1), 21–49. https://doi.org/10.1007/s11187-018-0038-0 DOI: https://doi.org/10.1007/s11187-018-0038-0