The Importance of Corporate Social Responsibility and Its Limits

María Ángeles Gil Estallo (), Giner de la Fuente Fernando () and Carles Gríful-Miquela ()

International Advances in Economic Research, 2007, vol. 13, issue 3, pages 379-388

Abstract: Companies are, in a broad sense, a group of different agents that have a relationship with shareholders, citizens, providers, and customers. In other words, they are known as stakeholders. Corporate social responsibility may help to establish clear boundaries among the different interests of the groups described above. In this paper, the authors will describe, analyze, and formalize the critical responsibility parameters, as well as the variables that shape them. Corporate social responsibility is proposed as a new management tool and not as a fashionable concept. Furthermore, the advantages and limitations of corporate social responsibility will be analyzed in order to define a management model for achieving responsibility among organizations. Finally, the model limitations are presented, both in the verbal and the mathematical formalizations. Copyright International Atlantic Economic Society 2007

Keywords: Corporate social; Responsibility management; M00 (search for similar items in EconPapers)

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