Abstract

http://ssrn.com/abstract=1123264
 
 

References (75)



 
 

Citations (12)



 


 



Corporate Social Responsibility Through an Economic Lens


Robert N. Stavins


Harvard University - Harvard Kennedy School (HKS); Resources for the Future; National Bureau of Economic Research (NBER)

Forest L. Reinhardt


Harvard Business School

Richard Vietor


Harvard University - Business, Government and the International Economy Unit

October 1, 2008

HKS Working Paper No. RWP08-023
FEEM Working Paper No. 84.2008

Abstract:     
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.

Number of Pages in PDF File: 26

Keywords: corporate social responsibility, voluntary environmental performance, Business and Government Policy, Economics-Microeconomics, Environment and Natural Resources, Law and Legal Institutions, Regulation

JEL Classification: M14, L51, Q50

working papers series


Download This Paper

Date posted: April 23, 2008 ; Last revised: January 10, 2009

Suggested Citation

Stavins, Robert N. and Reinhardt, Forest L. and Vietor, Richard, Corporate Social Responsibility Through an Economic Lens (October 1, 2008). HKS Working Paper No. RWP08-023; FEEM Working Paper No. 84.2008. Available at SSRN: http://ssrn.com/abstract=1123264 or http://dx.doi.org/10.2139/ssrn.1123264

Contact Information

Robert N. Stavins (Contact Author)
Harvard University - Harvard Kennedy School (HKS) ( email )
79 John F. Kennedy Street
Cambridge, MA 02138
United States
617-495-1820 (Phone)
617-496-3783 (Fax)
Resources for the Future
1616 P Street, NW
Washington, DC 20036
United States
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Forest L. Reinhardt
Harvard Business School ( email )
Cambridge, MA
United States
617-495-6610 (Phone)
Richard H. K. Vietor
Harvard University - Business, Government and the International Economy Unit ( email )
Cambridge, MA
United States
617-495-6460 (Phone)
Feedback to SSRN


Paper statistics
Abstract Views: 2,837
Downloads: 1,075
Download Rank: 9,336
References:  75
Citations:  12

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.453 seconds