David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
International Corporate Responsibility Series 3:223-229 (2007)
Every firm or corporation faces both political and social transaction costs. The existence of political transaction costs is one reason firms, and even whole industries, employ lobbyists. CSR is an example of a social transaction costs. CSR means serving social and political interests without direct remuneration but in a way that is consistent with and indirectly serves long-term investor value; it is not philanthropy. Some will argue that the firm is not really being responsible or generous but only serving its own long-term interest. But that is precisely the point. The reasons this category of CSR must be introduced are that (1) it is obscured by the classical liberal perspective, sometimes to the detriment of the shareholders; (2) failure to recognize it, obfuscates the role of management, part of which is to look at a macro-context that includes more than markets; and (3) it misses the important extent to which business leaders can, may, and should have a vital role in formulating public policy
|Keywords||No keywords specified (fix it)|
No categories specified
(categorize this paper)
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Irina Soboleva (2007). Corporate Social Responsibility in Russia. International Corporate Responsibility Series 3:269-282.
David Antony Detomasi (2008). The Political Roots of Corporate Social Responsibility. Journal of Business Ethics 82 (4):807 - 819.
Susan Ariel Aaronson, 'Minding Our Business': What the US has Done and Can Do to Ensure That its Multinationals Act Responsibility in Foreign Markets.
Wenjing Li & Ran Zhang (2010). Corporate Social Responsibility, Ownership Structure, and Political Interference: Evidence From China. [REVIEW] Journal of Business Ethics 96 (4):631 - 645.
Kenneth Amaeshi & Olufemi O. Amao (2009). Corporate Social Responsibility in Transnational Speces: Exploring Influences of Varieties of Capitalism on Expressions of Corporate Codes of Conduct in Nigeria. [REVIEW] Journal of Business Ethics 86 (2):225 - 239.
Paul Kapelus (2002). Mining, Corporate Social Responsibility and the "Community": The Case of Rio Tinto, Richards Bay Minerals and the Mbonambi. [REVIEW] Journal of Business Ethics 39 (3):275 - 296.
Francis Weyzig (2009). Political and Economic Arguments for Corporate Social Responsibility: Analysis and a Proposition Regarding the Csr Agenda. [REVIEW] Journal of Business Ethics 86 (4):417 - 428.
Philippe Gugler & Jacylyn Y. J. Shi (2009). Corporate Social Responsibility for Developing Country Multinational Corporations: Lost War in Pertaining Global Competitiveness? [REVIEW] Journal of Business Ethics 87 (1):3 - 24.
Diana C. Robertson (2009). Corporate Social Responsibility and Different Stages of Economic Development: Singapore, Turkey, and Ethiopia. [REVIEW] Journal of Business Ethics 88 (4):617 - 633.
Runa Sarkar (2007). Policy Approaches to Induce Corporate Social Responsibility in Public and Private-Sector Firms in Developing Countries. International Corporate Responsibility Series 3:231-252.
Added to index2009-01-28
Total downloads3 ( #611,921 of 1,793,064 )
Recent downloads (6 months)2 ( #344,508 of 1,793,064 )
How can I increase my downloads?