EconPapers    
Economics at your fingertips  
 

Corporate Social Responsibility Through an Economic Lens

Robert Stavins, Forest L. Reinhardt and Richard H. K. Vietor
Additional contact information
Forest L. Reinhardt: Harvard Business School
Richard H. K. Vietor: Harvard Business School

No 2008.84, Working Papers from Fondazione Eni Enrico Mattei

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.

Keywords: Corporate Social Responsibility; Voluntary Environmental Performance (search for similar items in EconPapers)
JEL-codes: M14 L51 Q50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-env, nep-res and nep-soc
Date: 2008-10
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (59) Track citations by RSS feed

Downloads: (external link)
http://www.feem.it/userfiles/attach/Publication/NDL2008/NDL2008-084.pdf (application/pdf)

Related works:
Journal Article: Corporate Social Responsibility Through an Economic Lens (2008) Downloads
Working Paper: Corporate Social Responsibility through an Economic Lens (2008) Downloads
Working Paper: Corporate Social Responsibility Through an Economic Lens (2008) Downloads
Working Paper: Corporate Social Responsibility Through an Economic Lens (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2008.84

Access Statistics for this paper

More papers in Working Papers from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by barbara racah ().

 
Page updated 2018-11-14
Handle: RePEc:fem:femwpa:2008.84