Scientific Bulletin of Mukachevo State University. Series “Economics”

Vol. 12, No. 2, 2025 30.06.2025 open access Open access

Role of corporate social responsibility in strengthening the economic sustainability of agricultural business in the context of sustainable development

Vitalii Nahornyi, Volodymyr Krupa, Nataliia Markovych, Olha Lysiuk, Nataliia Raiter

DOI https://doi.org/10.52566/msu-econ2.2025.94 Pages 94 –106 Views 1,673 Views

Abstract

The study aimed to identify the impact of corporate social responsibility (CSR) on improving the economic sustainability of enterprises in the agricultural sector based on the stakeholder theory. The development of the recommendations and the analysis was based on a study of the non-financial statements of Ukrainian agricultural holdings. The study determined that social responsibility measures have a direct impact on the economic sustainability of agricultural businesses through actions aimed mainly at different groups of stakeholders. The study found that eight out of 10 leading agricultural holdings in the Ukrainian market publish non-financial information, of which 50% publish information in an arbitrary form rather than in the format of internationally and nationally defined reports. The study determined that out of seven possible dimensions of corporate social responsibility (competitors, suppliers, consumers, producers, employees, community and environment), Ukrainian agroholdings focus their efforts mainly on consumers (23.33%), community (20%) and employees (20%), neglecting the opportunity to diversify social responsibility measures and ensure economic sustainability in the near future. The most appropriate changes in corporate social responsibility for Ukrainian agricultural holdings are to increase efforts to implement environmental measures, namely, to reduce carbon emissions, and improve resource efficiency and energy saving. The study determined that enterprises with a higher level of social responsibility demonstrate higher economic sustainability and the ability to adapt to the challenges of sustainable development. The analysis of empirical data confirmed the positive impact of socially responsible approaches on financial stability, innovation and competitiveness. The results of the study can be used to increase the economic sustainability of agricultural businesses by implementing socially and environmentally responsible solutions that reduce risks and increase partner trust and long-term development of the enterprise

Keywords

non-financial reporting, areas of social responsibility, stakeholders, resource efficiency, energy saving

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Suggested citation

Nahornyi, V., Krupa, V., Markovych, N., Lysiuk, O., & Raiter, N. (2025). Role of corporate social responsibility in strengthening the economic sustainability of agricultural business in the context of sustainable development. Scientific Bulletin of Mukachevo State University. Series “Economics”, 12(2), 94-106. https://doi.org/10.52566/msu-econ2.2025.94