Corporate Social Responsibility and the Environment: A Theoretical Perspective
AbstractWe survey the growing theoretical literature on the motives for and welfare effects of corporate greening. We show how both market and political forces are making environmental CSR profitable, and we also discuss morally-motivated or altruistic CSR. Welfare effects of CSR are subtle and situation-contingent, and there is no guarantee that CSR enhances social welfare. We identify numerous areas in which additional theoretical work is needed.
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Bibliographic InfoPaper provided by Indiana University, Kelley School of Business, Department of Business Economics and Public Policy in its series Working Papers with number 2007-16.
Date of creation: 2007
Date of revision:
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corporate social responsibility; environment; self-regulation; preemption; private politics;
Other versions of this item:
- Thomas P. Lyon & John W. Maxwell, 2008. "Corporate Social Responsibility and the Environment: A Theoretical Perspective," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(2), pages 240-260, Summer.
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-09 (All new papers)
- NEP-CSE-2007-09-09 (Economics of Strategic Management)
- NEP-ENV-2007-09-09 (Environmental Economics)
- NEP-REG-2007-09-09 (Regulation)
- NEP-SOC-2007-09-09 (Social Norms & Social Capital)
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