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Journal of Security and Sustainability Issues

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Expanding the Boundaries of the Economic Security of International Companies on the Basis of Corporate Social Responsibility Practices
Volume 10, Issue 2 (2020), pp. 631–642
Natalya Ushenko   Viktoriia Blyzniuk   Inesa Shumilo   Natalia Filipenko   Natalia Kurbala  

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https://doi.org/10.9770/jssi.2020.10.2(21)
Pub. online: 30 December 2020      Type: Article      Open accessOpen Access

Published
30 December 2020

Abstract

The methodological and formative foundations for the development of the corporate social responsibility practice of international companies to ensure a sustainable level of economic security are defined in the article. It has been determined that the corporate social responsibility of international business is a systemic guideline in the development of corporate plans for market development, which are explained by the annual increase in the degree of integration of economic processes in the context of globalization, which provides for corporate transparency, social responsibility, and business efficiency. With the organizational foundations, it has been revealed that the concept of corporate social responsibility provides an opportunity to position oneself as a reliable employer and business structure, which is successfully developing and operates in accordance with international standards and requirements of the modern market. The modern directions of implementation of the practice of corporate social responsibility of international business have been substantiated, a structure for assessing the social responsibility of international business has been formed. An information map of social investment in the international business environment has been developed. The main areas and directions of corporate social responsibility in the international business environment that ensure economic security are highlighted and structured. A system of indicators for a comprehensive assessment of corporate social responsibility in the business environment and a method for ranking the integral indicator within the limits of corporate economic security have been developed.

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Keywords
international company economic security corporate social responsibility international business environment integral indicator social investment

JEL
D21 F23 H41

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

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