Integrated Approach to Social Responsibility: A Model of Stakeholders Interaction in Russia and China / Belyaeva Z., Kazakov A. // Systems Research and Behavioral Science. - 2015. - V. 32, l. 2. - P. 240-246.

ISSN:
10927026
Type:
Article
Abstract:
A changing and not always rewarding geopolitical reality forces major players of world economy to integrate sustainable principles and social responsibility in corporate and state strategy. These processes lead to a diverse institutionalization level of the overall social responsibility, particularly within politically and financially different systems of emerging markets economies. Some very clear examples of such systems are Russia and China where strategy of economic and social development is presumably based on principles of sustainable development. The balance of socio-economic and political systems requires a complex mechanism grounded on absolutely diverse historical, mental and other peculiarities. We argue that the game theory methodology, and the Nash bargaining solution in particular, provides a solution for the key concepts. © 2014 John Wiley & Sons, Ltd.
Author keywords:
Bimatrix game theory; Corporate social responsibility; Global stakeholders
Index keywords:
Economic and social effects; Economics; Planning; Bimatrix games; Corporate social responsibilities (CSR); Economic and social development; Global stakeholders; Integrated approach; Nash bargaining so
DOI:
10.1002/sres.2265
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Affiliations School of Economics and Management, Ural Federal Yeltsin University, Yekaterinburg, Russian Federation; Irkutsk Branch of Academy of Sciences of Russia, Irkutsk, Russian Federation
Author Keywords Bimatrix game theory; Corporate social responsibility; Global stakeholders
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Correspondence Address Belyaeva, Z.; School of Economics and Management, Ural Federal Yeltsin UniversityRussian Federation
Publisher John Wiley and Sons Ltd
Language of Original Document English
Abbreviated Source Title Syst. Res. Behav. Sci.
Source Scopus