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Why Firms Should Not Always Maximize Profits

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  • Ivar Kolstad

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Suggested Citation

  • Ivar Kolstad, 2007. "Why Firms Should Not Always Maximize Profits," Journal of Business Ethics, Springer, vol. 76(2), pages 137-145, December.
    • Handle: RePEc:kap:jbuset:v:76:y:2007:i:2:p:137-145
    DOI: 10.1007/s10551-006-9262-7
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    References listed on IDEAS

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    1. Catherine M. Paul & Donald Siegel, 2006. "Corporate social responsibility and economic performance," Journal of Productivity Analysis, Springer, vol. 26(3), pages 207-211, December.
    2. Elsayed, Khaled & Paton, David, 2005. "The impact of environmental performance on firm performance: static and dynamic panel data evidence," Structural Change and Economic Dynamics, Elsevier, vol. 16(3), pages 395-412, September.
    3. Amy J. Hillman & Gerald D. Keim, 2001. "Shareholder value, stakeholder management, and social issues: what's the bottom line?," Strategic Management Journal, Wiley Blackwell, vol. 22(2), pages 125-139, February.
    4. Abagail McWilliams & Donald Siegel, 2000. "Corporate social responsibility and financial performance: correlation or misspecification?," Strategic Management Journal, Wiley Blackwell, vol. 21(5), pages 603-609, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    business ethics; corporate social responsibility (CSR); profit maximization; special duties; D63; M14;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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