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The Importance of Corporate Social Responsibility and Its Limits

Author

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  • María Ángeles Gil Estallo
  • Fernando Giner de-la Fuente
  • Carles Gríful-Miquela

Abstract

Companies are, in a broad sense, a group of different agents that have a relationship with shareholders, citizens, providers, and customers. In other words, they are known as stakeholders. Corporate social responsibility may help to establish clear boundaries among the different interests of the groups described above. In this paper, the authors will describe, analyze, and formalize the critical responsibility parameters, as well as the variables that shape them. Corporate social responsibility is proposed as a new management tool and not as a fashionable concept. Furthermore, the advantages and limitations of corporate social responsibility will be analyzed in order to define a management model for achieving responsibility among organizations. Finally, the model limitations are presented, both in the verbal and the mathematical formalizations. Copyright International Atlantic Economic Society 2007

Suggested Citation

  • María Ángeles Gil Estallo & Fernando Giner de-la Fuente & Carles Gríful-Miquela, 2007. "The Importance of Corporate Social Responsibility and Its Limits," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(3), pages 379-388, August.
    • Handle: RePEc:kap:iaecre:v:13:y:2007:i:3:p:379-388:10.1007/s11294-007-9095-x
    DOI: 10.1007/s11294-007-9095-x
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    References listed on IDEAS

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    1. María-de-los-Ángeles Gil-Estallo & Fernando Giner-de-la-Fuente & Carles Gríful-Miquela, 2006. "The Strategic Social Map of a Nongovernmental Organization," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 12(1), pages 105-114, February.
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    Cited by:

    1. Finger, Maya & Gavious, Ilanit & Manos, Ronny, 2018. "Environmental risk management and financial performance in the banking industry: A cross-country comparison," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 52(C), pages 240-261.

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    More about this item

    Keywords

    Corporate social; Responsibility management; M00;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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