Responsible investing in conditions of the global economy sustainable development

Economic Annals-ХХI: Volume 139, Issue 3-4(1), Pages: 4-7

Citation information:
Оrlova, N., & Kharlamova, A. (2014). Responsible investing in conditions of the global economy sustainable development. Economic Annals-XXI, 3-4(1), 4-7. https://ea21journal.world/index.php/ea-v139-01/

Nataliya Оrlova
D.Sc. (Public Administration),
Donetsk State University of Management
163 Chelyuskintsev St., Donetsk, 8300, Ukraine
nsorlova78@gmail.com

Anna Kharlamova
PhD (Economics),
Kyiv National University of Trade and Economics
19 Kioto St., Kyiv, 02156, Ukraine
flover.81@mail.ru

Responsible investing in conditions of the global economy sustainable development

Abstract. The authors grounded and proved the necessity of responsible investment, taking into account principles of corporate social responsibility, for sustainable economic development of the country. They investigated the European strategy of corporate social responsibility development and current policy of corporate social responsibility in the Ukrainian companies. The indices, which characterize development of economy in the field of corporate social responsibility, are analyzed in the research, namely: index of competitiveness, volume of investments, volumes of crediting by the World Bank on certain directions. The authors substantiated that responsible investment is guarantee for sustainable economic development, and its volumes are increased over the past two years in developed countries. The main factors that contribute to the growth of sustainable investment are formulated as following: increased activity of banks, corporate pension funds, religious institutions and charitable organizations. The result of the research is proposition of mechanisms for the responsible investment tasks implementation on the basis of the common corporate social responsibility principles for the Western Europe, the USA, China, Russia and Ukraine. This means that responsible investing should be developed by every direction at both state and corporation levels that means to encourage disclosure of information when making investment decisions, to provide social dialogue between corporations, to publish reports on responsible investment, as well as sustainable development indicators.

Keywords: Responsible Investing; Corporate Social Responsibility; Sustainable Development of Economy; Globalization

JEL Classification: O11; M14; G38

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Received 07.01.2014