Motives for Corporate Social Responsibility
AbstractIn this article we analyze the motives of executives to take responsibility for the labor, environmental and social aspects of their business. We distinguish three motives: one extrinsic (financial) and two intrinsic (ethical and altruistic) motives and empirically investigate the influences of these motives on Corporate Social Responsibility (CSR) by means of a sample of 473 executives. The estimation results show that for social aspects of CSR, executives are significantly more driven by intrinsic motives than by the extrinsic motive. But also for environmental aspects of CSR intrinsic motives provide stronger stimulus than the extrinsic motive. Copyright Springer Science+Business Media New York 2012
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Bibliographic InfoArticle provided by Springer in its journal De Economist.
Volume (Year): 160 (2012)
Issue (Month): 4 (December)
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Web page: http://www.springerlink.com/link.asp?id=100260
Altruism; Corporate social responsibility; Extrinsic motive; Intrinsic motive; M14; Z12;
Find related papers by JEL classification:
- M14 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
- Z12 - Other Special Topics - - Cultural Economics - - - Religion
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