Advanced Search
MyIDEAS: Login

Firms And The Environment In The Global Economy: Conceptual Background And Policies

Contents:

Author Info

  • Andre Fourcans

    (ESSEC Business School)

Abstract

In a capitalist system, can we expect firms to take into consideration the social environment in which they operate, and the environment per se, in their decision making process? If not, should we appeal to the moral values of managers to satisfy social and environmental needs? Or should we set up the right institutional structure so as for firms and managers to strive also for the satisfaction of these needs? In other words, should we rely on "ethics" or "incentives" to reach desired social goals, and, more specifically, not to pollute or to clean the environment?Needless to say, the answers given to these questions are of paramount importance not only for society as a whole, but also to define the proper role of individuals, firms and the government in order to satisfy both economic and environmental (social) objectives. The view of this paper is that in general incentives dominate ethics as a means of economic and social organization.After studying the meaning of the so-called social responsibility of the firm, and the on-going debate between economists and moral philosophers that follows, we show that their respective perception of man is at the heart of the dispute. This conceptual background being established, we analyse the misunderstandings occurring between economists and environmentalists with respect to cost-benefit analyses and, more generally, with respect to the role of the market and government in dealing with the subject matter. Based on this analysis it is possible to investigate and evaluate the main types of environmental policies, be they market-based or not, and their impact on firms' behavior. Finally, our conclusion recaptures the main arguments of our thesis.Presented 15th International Conference, Istanbul, May 2005.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Paper provided by International Trade and Finance Association in its series International Trade and Finance Association Conference Papers with number 1046.

as in new window
Length:
Date of creation: 18 May 2005
Date of revision:
Handle: RePEc:bep:itfapp:1046

Contact details of provider:

More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bep:itfapp:1046. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.