Investments and Corporate Responsibility

Abstract

Investments influence the economy development and its structure, employment prospects, standard of living, and economic prosperity, therefore they have multiplying effects on the national economy. With globalisation and the promotion of sustainable development (SD), the investment environment is changing. Investment processes are becoming more complex, involving a larger number of stakeholders, and deviating from typical economic decision-making processes. Multi-dimensional goals based on a consensus of various development goals are characteristic. In the transition period of the SD implementation, there is a typical preference for non-economic objectives as opposed to the economic ones, representing a counterweight to the neoclassical treatment of investments. However, SD is not ensured by either of the approaches. By establishing SD, the role of social groups in investment processes is increasing, thus it is necessary to replace the involvement of social groups with responsible decision making and finding common development consensus as the starting point for the implementation of SD.