Corporate Social Responsibility: An Assessment of the Enlightened Self-Interest Model.

1977 ◽  
Vol 1977 (1) ◽  
pp. 285-289 ◽  
Author(s):  
Gerald D. Keim
2019 ◽  
Vol 19 (2) ◽  
pp. 131-150 ◽  
Author(s):  
Luciano Fanti ◽  
Domenico Buccella

Economists believe that a firm’s engagement in Corporate Social Responsibility (CSR) is motivated by objectives beyond increasing profits. Using a duopoly framework with convex technology and an industry-wide union-setting wage at the central level, this work shows that, when owners cooperatively select a level of CSR engagement, profits under CSR are higher than under standard profit maximisation; thus, the simple self-interest of firms’ owners leads to the adoption of CSR. Moreover, the union, consumers, and the overall social welfare in the presence of CSR activities are higher than without CSR. As such, the social concerns of firms’ owners yield a Pareto-superior outcome. JEL: J51, L13, M14


ICR Journal ◽  
2011 ◽  
Vol 2 (2) ◽  
pp. 384-387
Author(s):  
Zarina Nalla

What follows is a comparative understanding of Western and Islamic thought on CSR and the increasing awareness of it in Malaysia. This commitment from a policy angle may be described as being in line with maqasid al-shari'ah or the goals and purposes of Islamic law. The term ‘CSR’ was popularised in the early 1970s after the formation of many multinational corporations, and its definition is widely debated. A corporation in today’s globalised world can no longer hold the view that solving social problems is the duty of governments and social agencies and that managers are only to serve the interests of stakeholders and no-one else. This view is deeply-rooted in self-interest.


2019 ◽  
Vol 30 (1) ◽  
pp. 3-30 ◽  
Author(s):  
Teunis Brand ◽  
Vincent Blok ◽  
Marcel Verweij

ABSTRACT:Many companies engage in dialogue with nongovernmental organizations (NGOs) about societal issues. The question is what a regulative ideal for such dialogues should be. In the literature on corporate social responsibility (CSR), the Habermasian notion of communicative action is often presented as a regulative ideal for stakeholder dialogue, implying that actors should aim at consensus and set strategic considerations aside. In this article, we argue that in many cases, communicative action is not a suitable regulative ideal for dialogue between companies and NGOs. We contend that there is often an adversarial element in the relation between companies and NGOs, and that an orientation towards consensus can be in tension with this adversarial relation. We develop an alternative approach to stakeholder dialogue called ‘agonistic deliberation.’ In this approach, conflict and strategic considerations play a legitimate and, up to a certain point, desirable role.


Author(s):  
Georgiana Grigore ◽  
Mike Molesworth ◽  
Andreea Vontea ◽  
Abdullah Hasan Basnawi ◽  
Ogeday Celep ◽  
...  

AbstractExisting scholarly work on corporate social responsibility (CSR) frequently emphasizes either normative/ethical claims about social progress or instrumental/strategic claims about corporate effectiveness, yet less often acknowledges the moral conditions of those undertaking CSR within a specific cultural context. In this paper, we draw attention to the social conditions in which CSR takes place and the related ethics of the subjects that must enact it. Our approach is to document the lived experiences of practitioners in Romania, a post-communist society. Drawing from fifty-three depth interviews with both corporate responsibility practitioners, and managers in non-profit organizations who together work on CSR projects, we describe their experiences of the social and organizational environment, the CSR practices that are undertaken in this context, and the intended and unintended consequences of such work. Using Bauman’s theorization of ethics, including adiaphora and moral distancing, and Borţun’s interpretation of Romanianness, we then theorize liquid CSR as an ambivalence between adiaphoric practice (instrumental morality, careerism and self-interest) and the moral impulse to do good, resulting in both intended (short-term promotion and competitive victimhood) and unintended consequences (a potential for corruption and collateral beneficiaries).


2017 ◽  
Vol 18 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Joanna Golden ◽  
Li Sun ◽  
Joseph H. Zhang

ABSTRACT This study examines the relation between corporate social responsibility (CSR) and goodwill impairment. We rely mainly on the stakeholder theory and adopt the Posner (1974) public interest model to develop our predictions. Following prior research, we use CSR strengths (concerns) to measure responsible (irresponsible) CSR activities. We find a negative relation between CSR strengths and the likelihood of goodwill impairment, suggesting that firms with more responsible CSR activities better prevent goodwill impairment. In addition, we find a negative relation between CSR concerns and the magnitude of goodwill impairment losses, suggesting that firms with excessive irresponsible CSR activities seek to lessen the negative consequences of goodwill impairment. Overall, our findings demonstrate the importance of CSR in preventing goodwill impairment and mitigating the manipulation of (underreporting) goodwill impairment losses. JEL Classifications: G18; M14; M41. Data Availability: Data are available from the sources identified in the paper.


2022 ◽  
Vol 14 (1) ◽  
pp. 531
Author(s):  
Xiao Li ◽  
Gang Liu ◽  
Qinghua Fu ◽  
Abdul Aziz Abdul Rahman ◽  
Abdelrhman Meero ◽  
...  

This study analyzes the impact of corporate social responsibility (CSR) fulfillment on corporate risk-taking to assist stakeholders in identifying the “double-edged sword” role of CSR activities and provide empirical evidence for enterprises to properly carry out CSR activities. The results show that the self-interest instrumentalization of CSR activities intensifies agency conflict, and CSR fulfillment weakens risk-taking to a certain extent. When CSR fulfillment reaches a certain value, CSR activities can improve risk-taking. Then, CSR fulfillment and risk-taking show a U-shaped relationship. Further analysis shows that the impacts of CSR on debt financing and R&D input reflect the U-shaped effect pathways of CSR fulfillment on risk-taking. Finally, it is suggested that CSR activities should be avoided to become the “self-interest tool” of the management. The regulators guide enterprises to break through the inflection point of the U-shaped effect and consider more for the stakeholders’ overall interests. Additionally, the regulators establish an effective compensation system to ensure that the enterprises with adequate CSR fulfillment obtain high-quality capital resources and promote the sustainable development of the capital market.


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