TITLE

Welfare and capital-theoretic foundations of corporate social responsibility and corporate sustainability

AUTHOR(S)
Hediger, Werner
PUB. DATE
August 2010
SOURCE
Journal of Socio-Economics;Aug2010, Vol. 39 Issue 4, p518
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Abstract: Corporate social responsibility (CSR) and corporate sustainability (CS) are variously defined in the literature. Providing formal definitions for the two concepts, we show in this article that CS and CSR are distinct but interrelated concepts that can be usefully formalized with capital-theoretic and welfare economic approaches. CSR can particularly constitute a strategy to cope with externalities and serve as insurance against reputational risks that harm profit prospects and corporate value. Moreover, we present a formal approach for integrating the societal perspective of sustainable development with the corporate perspective of CSR and CS. This approach is complementary to a company''s internal CSR and CS evaluation.
ACCESSION #
51436460

 

Related Articles

  • Corporate social responsibility: impacts on strategic marketing and customer value. Piercy, Nigel F.; Lane, Nikala // Marketing Review;Winter2009, Vol. 9 Issue 4, p335 

    Corporate social responsibility (CSR) has impacted on the policies and behaviours of companies throughout the world. However, relatively little attention has been devoted to the link between CSR and strategic marketing. The impact of CSR initiatives on customer and other stakeholder...

  • Corporate Social Responsibility and Sustainability: The New Bottom Line? Fontaine, Michael // International Journal of Business & Social Science;Apr2013, Vol. 4 Issue 4, p110 

    Each year, thousands of not-for-profit; social services; educational; health care; and environmental organizations make pitches to corporate entities to help partially or fully fund projects they deem are for the common good. And thousands are funded with the promise of some benefit in return to...

  • "Sustainable Development: The Way for Future, Where are we?". Sharma, Rinku // Indian Journal of Community Medicine;Oct2009, Vol. 34 Issue 4, p276 

    The article focuses on sustainable development in India. According to the author, one of the most credible programs that deals with chronic poverty and enhancing sustainable development in rural areas is the National Rural Employment Guarantee Act (NREGA). It notes elements of the successful...

  • SYSTEM OF BALANCED SUSTAINABLE DEVELOPMENT INDICATORS: THE CASE OF SC TEO. Bagdonienė, D.; Simanavičienė, A.; Aimuntas, G. // Management Theory & Studies for Rural Business & Infrastructure ;2011, Vol. 25 Issue 1, p16 

    Mankind utilizes earth resources and services much faster than natural processes are able to revive them. During recent twenty years there has arisen the worry of scientific and academic society because of these global problems and the interest in sustainable development as well as in different...

  • Sustainability-focused impact assessment: English experiences. Therivel, Riki; Christian, Gemma; Craig, Claire; Grinham, Russell; Mackins, David; Smith, James; Sneller, Terry; Turner, Richard; Walker, Dee; Yamane, Motoko // Impact Assessment & Project Appraisal (Beech Tree Publishing);Jun2009, Vol. 27 Issue 2, p155 

    This article considers whether strategic environmental assessment (SEA) of local-level spatial plans in England is leading to a high level of protection of the environment. It is based on an analysis of the sustainability appraisals (SA/SEA) of 45 core strategies, interviews with 14 planners,...

  • Focusing on Value: Reconciling Corporate Social Responsibility, Sustainability and a Stakeholder Approach in a Network World. Wheeler, David; Colbert, Barry; Freeman, R. Edward // Journal of General Management;Spring2003, Vol. 28 Issue 3, p1 

    Examines how corporate social responsibility and sustainable development relate to the creation of business value. New economy and the growing recognition of communities of interest or value-based networks; Reconciling a stakeholder approach, corporate social responsibility and sustainability...

  • Best practices for corporate social responsibility.  // In Business;May/Jun99, Vol. 21 Issue 3, p8 

    Presents an overview of the report `Meeting Changing Expectations,' about corporate social responsibility published by the World Business Council for Sustainable Development.

  • Meaningful Public Participation in Business Decisions. Kaingu, Namakau // UN Chronicle;Sep-Nov2002, Vol. 39 Issue 3, p19 

    Discusses three perspectives on how partnerships with private business can be realized to reinforced government commitments to sustainable development. Recognition of workers and trade-union representatives as key stakeholders at local, national and international levels; Investment in HIV/AIDS...

  • Editor's Address. Žukauskas, Pranas // Applied Economics: Systematic Research;2009, Vol. 3 Issue 1, p10 

    The article discusses various reports published within the issue, including one by Jonas Čepinski and Evelina Sakalauskaitė on the development of corporate social responsibility, one by Remigijus Čiegis on the evaluation of sustainable development, and one by Artūras Grebliauskas on...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics