Double Dependent Market Economy and Corporate Social Responsibility in Hungary
Double Dependent Market Economy and Corporate Social Responsibility in Hungary

Summary/Abstract: In the different varieties of capitalism (VoC) different types of corporate social responsibility (CSR) exist (Matten – Moon 2008). In order to identify what CSR is like in Hungary, all the five institutions that are relevant to the variety of capitalism in this country are analyzed and a new concept is introduced by the author: the double-dependent market economy (DDME). This new concept allows for further exploration of the general type of CSR in Hungary and answers the question whether it is similar to the CSR of the European coordinated economies or the liberal Anglo-Saxon market economies, or is something completely different. The results of quantitative and qualitative research show that CSR in Hungary has some similarities with the CSR types of both the liberal and coordinated economies, but on the whole it is fundamentally different from them, due to the dissimilar institutional setting of capitalism in this country.

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