Corporate Social Responsibility: A Review on definitions, core characteristics and theoretical perspectives

Hamidu Ahmad Aminu, Haron Md. Harashid and Amran Azlan

MPRA Paper from University Library of Munich, Germany

Abstract: This paper reviewed different definitions of CSR and presented some summarised dimensions attributed to the definitions which represent the area of focus for the definitions including; Obligation to the society, stakeholders involvement, improving corporate image and reputation, economic development, ethical business practice, law abiding, voluntariness, human rights, environmental protection, transparency and accountability. The six core characteristics of CSR follows as the features which shows how CSR is represented with different initiatives and processes ranging from voluntary activities, managing external factors, stakeholder management, alignment of social and economic responsibilities, considering practices and values and finally extending CSR activities beyond philanthropy to instrumentality. The last segment of this paper elucidates on theoretical perspectives of CSR in six categories; the classical view, the legitimacy, stakeholder, agency, institutional, instrumental and Islamic CSR theories.

Keywords: Corporate Social Responsibility; CSR definitions; CSR core characteristics; Scope of CSR; Theories in CSR (search for similar items in EconPapers)
JEL-codes: M1 M14 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-pke
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Citations: View citations in EconPapers (1)

Published in Medittaranean Journal of Social Science 4.6(2015): pp. 83-95

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:75040

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