Corporate Social Responsibility: theoretical perspectives in the Italian Debate

Pier Luigi Sacco () and Michele Viviani ()
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Pier Luigi Sacco: Associazione Italiana per la Cultura della Cooperazione e del Non Profit, Postal: P.le della Vittoria, , 15 - 47100 Forli', , Italy, http://www.aiccon.it
Michele Viviani: Associazione Italiana per la Cultura della Cooperazione e del Non Profit, Postal: P.le della Vittoria, , 15 - 47100 Forli', , Italy, http://www.aiccon.it

No 11-2005, AICCON Working Papers from Associazione Italiana per la Cultura della Cooperazione e del Non Profit

Abstract: This paper is meant as a discussion of different methodologicalapproaches to the analysis of corporate social responsibility (CSR), sorted out through a scrutiny of the literature that has emerged from the recent Italian debate. The first stream of literature is embedded in the neo-classical approach that adapts to the contemporary economic environment - the famous Milton Friedman statement that the social responsibility of the firm is to make profits (Friedman, 1970). The second stream refers to a neo-contractualist approach, mainly developed by Lorenzo Sacconi (2004, 2005), that can be considered as an insightful application of incomplete contracts theory, strongly characterized by a contractualist-oriented ethical perspective. The third stream is the relational approach developed by Bruni and Zamagni (2004), which takes the issue of social reproduction into account in the description of the economic system, thereby looking at firms as producers of socially provided goods. Finally, we propose an integration between these different perspectives through the adoption of a conventionalist definition of CSR.

Keywords: Corporate Social Responsibility; Italy (search for similar items in EconPapers)
JEL-codes: D02 M14 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2005-04-22, Revised 2007-02-03
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