Corporate Social Responsibility, Business Strategy, and the Environment
In: Oxford review of economic policy, Band 26, Heft 2
ISSN: 0266-903X
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In: Oxford review of economic policy, Band 26, Heft 2
ISSN: 0266-903X
In: Harvard Business School BGIE Unit Case No. 709-060
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Working paper
In: NBER Working Paper No. w13989
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In: Harvard Business School BGIE Unit Case No. 710-017
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Working paper
In: Harvard Business School BGIE Unit case no. 711-004
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Working paper
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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In: Harvard Business School BGIE Unit Case No. 710-056
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