Corporate Social Responsibility Through an Economic Lens / Forest L. Reinhardt, Robert N. Stavins, Richard H. K. Vietor.

Format:

Book

Author/Creator:

Reinhardt, Forest L.

Contributor:

National Bureau of Economic Research.

Stavins, Robert N.

Vietor, Richard H. K.

Series:

Working Paper Series (National Bureau of Economic Research) no. w13989.

NBER working paper series no. w13989

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2008.

Summary:

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.

Notes:

Print version record

May 2008.