Shulimova A.A.Institute of Economics and Management in Medicine and Social Sphere, Krasnodar, Russian Federation shulimova@mail.ru
Importance Increasing the social commitments of business is a global trend at the current stage of economic development. However, due to the inconsistency of foreign economic experience with Russian economic realities it is often distorted. The issue of evolutionary formation of corporate social accountability is particularly significant. Objectives The objectives of the study are to analyze the evolution of social and institutional capital of socially responsible manufacturing organizations in the economic space of the Russian city, to consider traditional instruments of minimizing social risks in the production sector. Methods I analyze the economic history of the urban industry of Russia using the theoretical concept of institution. Institution is understood as a form of social consolidation of differentiation and integration of industrial activity. Results Based on the theoretical development of the urban economy and spatial economics, I show the organic link of the economic ideology of medieval craftsmen and modern corporate citizenship. Conclusions and Relevance The institutional dynamics of craft corporations under the feudal economy was determined by the dialectics of creative latitude and social need. The predominance of administrative and regulatory levers of corporate development, the expansion of the rural type solidarity conditioned the immaturity of craft corporations in Russia. However, the most viable mechanisms for industrial cooperation and social stability that are typical of Russian crafts of the past are reproduced at present, creating a favorable institutional environment for social stabilization of the corporate business.
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