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Corporate responsibility and financial performance : the paradox of social cost

Author: Moses L Pava; Joshua Krausz
Publisher: Westport, Conn. : Quorum Books, 1995.
Edition/Format:   Book : English
Summary:
The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what
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Document Type: Book
All Authors / Contributors: Moses L Pava; Joshua Krausz
ISBN: 0899309216 9780899309217
OCLC Number: 31660869
Description: xii, 176 p. ; 25 cm.
Contents: 1. Introduction: The Idea of Corporate Social Responsibility --
I. The Association between Corporate Social Responsibility and Financial Performance. 2. The Paradox of Social Cost. 3. The Association between Corporate Social Responsibility and Financial Performance: Methodology and Results --
II. The Language of Corporate Social Responsibility. 4. Annual Reports as a Medium for Voluntarily Signalling and Justifying Corporate Social Responsibility Activities. 5. The Language of Corporate Social Responsibility: Methodology and Results --
III. The Legitimacy of Corporate Social Responsibility. 6. Criteria for Evaluating the Legitimacy of Corporate Social Responsibility Projects. 7. Evaluating Specific Social Responsibility Projects. 8. Corporate Responsibilities beyond an Information Disclosure Policy. 9. Conclusions: Ten Propositions about Corporate Social Responsibility --
App. A: Summary of 21 Empirical Studies --
App. B.1: 53 Socially Screened versus Control Firms.
Responsibility: Moses L. Pava, Joshua Krausz.

Abstract:

The core idea of corporate social responsibility, the notion that companies have a responsibility beyond legal requirements, is by now deeply embedded in the corporate cultures of the largest U.S. companies. The authors suggest that productive debate now focuses on the following two issues. First, what are the impacts of existing corporate social responsibility programs for the corporation? And, second, what constitutes the precise contours of this responsibility? This book explores these two themes.

The issue of how corporate social responsibility affects individual companies engaged in socially responsible activities is not well understood. Further, the distinction between legitimate and illegitimate corporate social responsibility activities has not always been clearly drawn. This book, therefore, is designed to fill in some of the gaps in our understanding. This is done by carefully organizing and reviewing the relevant and growing literature on corporate social responsibility. In addition, this book reports on the results of two original empirical studies designed to further explore the relationship between corporate social responsibility and traditional financial performance. This book has profound implications for business executives and researchers in finance, accounting, business ethics, and business and society.

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