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Regional Economics: Theory and Practice
 

Social partnership and institutionalization of corporate social responsibility as a driver of regional policy effectiveness

Vol. 19, Iss. 2, FEBRUARY 2021

Received: 22 November 2020

Received in revised form: 24 December 2020

Accepted: 14 January 2021

Available online: 15 February 2021

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: I31, I38, R11, R13

Pages: 246–263

https://doi.org/10.24891/re.19.2.246

Viktoriya A. DEGTEREVA Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
degvi@yandex.ru

ORCID id: not available

Maksim V. IVANOV Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
ivanov_mv@spbstu.ru

ORCID id: not available

Anton A. BARABANOV North-West Institute of Management, Branch of RANEPA, St. Petersburg, Russian Federation
tony.barabanov@list.ru

ORCID id: not available

Subject. This article examines the problems and prospects for the development of social partnership and institutionalization of social responsibility of business at the regional level.
Objectives. The article aims to identify general trends in the development of social partnership and the impact of this mechanism on increasing the social responsibility of business in a regional context.
Methods. For the study, we used analysis and synthesis, logical and systems approaches, and the method of theoretical generalization.
Results. The article describes the institutional relationship between social partnership and social responsibility of business, the potential of this mechanism application in regional development. It identifies problems of adapting socially responsible behavior taking into account the Russian specifics.
Conclusions. Social partnership creates the necessary institutional conditions for the development of socially oriented business. The spread of the corporate social responsibility culture represents a significant competitive advantage in the face of economic transformations and crises.

Keywords: social partnership, institution, social responsibility, enterprise, regional policy

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