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Corporate social responsibility through an economic lens

Author: Forest L Reinhardt; R N Stavins; Richard H K Vietor; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2008.
Series: Working paper series (National Bureau of Economic Research), no. 13989.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Business leaders, government officials, and academics are focusing considerable attention on the concept of "corporate social responsibility" (CSR), particularly in the realm of environmental protection. Beyond complete compliance with environmental regulations, do firms have additional moral or social responsibilities to commit resources to environmental protection? How should we think about the notion of firms  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Forest L Reinhardt; R N Stavins; Richard H K Vietor; National Bureau of Economic Research.
OCLC Number: 228424345
Notes: "May 2008."
Description: 1 online resource (36 p.)
Series Title: Working paper series (National Bureau of Economic Research), no. 13989.
Responsibility: Forest L. Reinhardt, Robert N. Stavins, Richard H.K. Vietor.

Abstract:

Business leaders, government officials, and academics are focusing considerable attention on the concept of "corporate social responsibility" (CSR), particularly in the realm of environmental protection. Beyond complete compliance with environmental regulations, do firms have additional moral or social responsibilities to commit resources to environmental protection? How should we think about the notion of firms sacrificing profits in the social interest? May they do so within the scope of their fiduciary responsibilities to their shareholders? Can they do so on a sustainable basis, or will the forces of a competitive marketplace render such efforts and their impacts transient at best? Do firms, in fact, frequently or at least sometimes behave this way, reducing their earnings by voluntarily engaging in environmental stewardship? And finally, should firms carry out such profit-sacrificing activities (i.e., is this an efficient use of social resources)? We address these questions through the lens of economics, including insights from legal analysis and business scholarship.

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