Social capital of business

Abstract

Importance: the priority task of modern economic policy is to ensure sustainable economic growth, one of the resources of which is social capital, actively studied by domestic and foreign authors at the macro, meso and micro levels of the economy. Purpose: the study of the social capital of corporations will allow us to determine the factors that develop the labor potential of employees, innovative activity, internal and external social ties based on trust, and other components. Research design: а significant number of works studying the problems of social capital indicate the recognition of social capital as an integral resource for ensuring sustainable development of ESG-oriented business. Foreign and domestic authors note a close relationship between social and human capital in terms of hiring, firing, development, training, resolving labor conflicts, choosing a profession, knowledge transfer ensures innovative activity of employees, influencing the innovative capital of the corporation. Results: а significant number of works studying the problems of social capital indicate a variety of forms of its manifestation, constituent elements, influencing factors. Economic growth is ensured on the basis of the interaction of the capitals used, the connection of social, human, intellectual, and other types. Information on the monetary and non-monetary components of social capital, areas of investment in social capital attracts the attention of stakeholders. The format of disclosure of systematized data is determined by the corporation – sustainable development reporting, integrated reporting, social report, and others.