Mariya Vlaeva
- Plovdiv University „Paisii Hilendarski“, Faculty of Economic and Social Sciences, Department of "Finance and Accounting", Tsar Asen Str. № 24, 4000 Plovdiv, Bulgaria
Abstract:
This paper examines the reasons for the need to take into account the social effects of an enterprise's activities. An attempt is made to explain the emergence of parallel nonprofit activity along with the economic one. The aim is to show that the emergence of socially oriented entrepreneurial activities, which, in addition to profit, have a high social effect, are caused not by corporate responsibility but by satisfying personal needs to achieve a higher social status. Along with the high-tech development and the emergence of artificial intelligence in the last 10-20 years, the requirements for social accountability of the effects of the activities of enterprises are also increasing. This, on the one hand, leads to greater public awareness and, on the other hand, to greater importance of a company in solving social problems. The conclusions reached are that the reporting of social effects may have been introduced legislatively as a corporate responsibility, but this, in its essence, is the satisfaction of a personal need to achieve a higher social significance and confirm the given company as responsible and promising for societal requirements in general.
Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings , December 5, 2024
Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia
ISBN: 9788680194929 , ISSN: 26836149 , DOI: 10.31410/LIMEN.2024
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
