Features of corporate social responsibility development

The article discusses the aspects of the formation of social responsibility of Ukrainian companies. The need in the analysis of the factors of development of the business corporate social responsibility concept is caused by a change of interaction between the government, business and society. The result of research represents the corporate social responsibility as a specific company’s reaction to the demands of society to reflect in its actions the interests, values and expectations of stakeholders. The article determines and systematizes the main factors that impact on company’s corporate social responsibility. To the external factors belong the policies of supranational and national governments in the area of corporate social responsibility, the level of economic development, the government support for entrepreneurship, the public opinion about corporate social responsibility and the external pressure of other stakeholders. The internal factors include the economic efficiency of enterprises, the ratio of benefits and costs of corporate social responsibility implementation, personal beliefs of owners and shareholders, the corporate culture of the organization. The research of the factors of corporate social responsibility development will provide the mass distribution of socially responsible business and will contribute to the creation of its own models of social responsibility.