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Why Firms Should Not Always Maximize Profits

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  • Ivar Kolstad

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File URL: http://hdl.handle.net/10.1007/s10551-006-9262-7
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Article provided by Springer in its journal Journal of Business Ethics.

Volume (Year): 76 (2007)
Issue (Month): 2 (December)
Pages: 137-145

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Handle: RePEc:kap:jbuset:v:76:y:2007:i:2:p:137-145
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100281

Keywords: business ethics; corporate social responsibility (CSR); profit maximization; special duties; D63; M14;

Find related papers by 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

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.
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Cited by:

  1. Geoffrey Bell & Bruno Dyck, 2011. "Conventional Resource-Based Theory and its Radical Alternative: A Less Materialist-Individualist Approach to Strategy," Journal of Business Ethics, Springer, vol. 99(1), pages 121-130, February.
  2. Teraji, Shinji, 2009. "A model of corporate social performance: Social satisfaction and moral conduct," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(6), pages 926-934, December.
  3. Lloyd, Bob, 2007. "The Commons revisited: The tragedy continues," Energy Policy, Elsevier, vol. 35(11), pages 5806-5818, November.
  4. Wiig, Arne & Kolstad, Ivar, 2010. "Multinational corporations and host country institutions: A case study of CSR activities in Angola," International Business Review, Elsevier, vol. 19(2), pages 178-190, April.
  5. Yongtae Kim & Meir Statman, 2012. "Do Corporations Invest Enough in Environmental Responsibility?," Journal of Business Ethics, Springer, vol. 105(1), pages 115-129, January.
  6. Kais Bouslah & Bouchra M’Zali & Marie-France Turcotte & Maher Kooli, 2010. "The Impact of Forest Certification on Firm Financial Performance in Canada and the U.S," Journal of Business Ethics, Springer, vol. 96(4), pages 551-572, November.
  7. Christof Miska & Christian Hilbe & Susanne Mayer, 2014. "Reconciling Different Views on Responsible Leadership: A Rationality-Based Approach," Journal of Business Ethics, Springer, vol. 125(2), pages 349-360, December.
  8. Martin, Patrick R. & Moser, Donald V., 2016. "Managers’ green investment disclosures and investors’ reaction," Journal of Accounting and Economics, Elsevier, vol. 61(1), pages 239-254.
  9. Pamela Queen, 2015. "Enlightened Shareholder Maximization: Is this Strategy Achievable?," Journal of Business Ethics, Springer, vol. 127(3), pages 683-694, March.
  10. Lori Holder-Webb & Jeffrey Cohen & Leda Nath & David Wood, 2009. "The Supply of Corporate Social Responsibility Disclosures Among U.S. Firms," Journal of Business Ethics, Springer, vol. 84(4), pages 497-527, February.

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