文章基本信息

标题：THE INSTITUTIONAL CONTEXT OF CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY
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作者：ANDJELKO LOJPUR ; VESELIN DRASKOVIC
期刊名称：Montenegrin Journal of Economics
印刷版ISSN：1800-5845
电子版ISSN：1800-6698
出版年度：2013
卷号：9
期号：1
出版社：Economic Laboratory for Transition Research Podgorica
摘要：Specifics of particular models of corporate governance and appropriate CSR are pre-dominantly conditioned by the character of relations between the two environments - corporate (voluntary, based on market laws) and institutional (binding, based on the re-gulations and standards). It can be assumed that in the future all models of CSR that prefer sustainable development will be increasingly leaving the first zone and accept the rules of another environment. This paper analyses some institutional factors that have a significant impact on corpo-rate governance and CSR evolution. The aim of this paper is to demonstrate the impor-tance of the institutional frameworks, to analyze some key aspects and issues related to the observed phenomenon and define its contemporary position. It starts from the hypothesis that: a) institutional environment represents the most important factor that affects corporate governance development and that there is a direct subordinated dependence in the following relationship: institutional development ¨C corporate governance ¨C sustainable economic development, b) CSR gradually chan-ges, but its position is on the line between rhetorical illusion, voluntary possibility of implementation and the need for forced (institutional) commitment, and c) utilization of institutional pluralism in the fields of corporate governance and i CSR is a precondition for overcoming of the institutional vacuum and monist quasi-institutionalization of neo-liberal type. Analysis of internal and external factors of corporate governance and CSR should reve-al possible reasons for its inefficiency so far in most of the transition countries.The conclusion is that it is necessary to institutionally define the achievement of balance between the economical, environmental and social imperatives
关键词：Institution;Institutional Framework; Corporate Governance; Corporate Social ;Responsibility