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Corporate Social Responsibility or Government Regulation: An Analysis of Institutional Choice

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  • L. Polishchuk

Abstract

The article presents an economic theory of corporate social responsibility (CSR) and analyzes economic, social, political, and institutional factors that could affect the comparative advantages of CSR over government regulations. A discussion of the Russian CSR model emphasizes the importance of property protection rights for the efficient implementation of CSR, and cautions against excessive government involvement in CSR processes.

Suggested Citation

  • L. Polishchuk, 2009. "Corporate Social Responsibility or Government Regulation: An Analysis of Institutional Choice," Problems of Economic Transition, Taylor & Francis Journals, vol. 52(8), pages 73-94.
  • Handle: RePEc:mes:prectr:v:52:y:2009:i:8:p:73-94
    DOI: 10.2753/PET1061-1991520805
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    File URL: http://hdl.handle.net/10.2753/PET1061-1991520805
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    Cited by:

    1. Libman, Alexander, 2013. "Natural resources and sub-national economic performance: Does sub-national democracy matter?," Energy Economics, Elsevier, vol. 37(C), pages 82-99.
    2. Ulf Richter, 2011. "Drivers of Change: A Multiple-Case Study on the Process of Institutionalization of Corporate Responsibility Among Three Multinational Companies," Journal of Business Ethics, Springer, vol. 102(2), pages 261-279, August.
    3. repec:eee:iburev:v:26:y:2017:i:6:p:1064-1074 is not listed on IDEAS
    4. Polishchuk, Leonid, 2010. "Misuse of Institutions: Lessons from Transition," WIDER Working Paper Series 075, World Institute for Development Economic Research (UNU-WIDER).
    5. Bagrat Yerznkyan, 2012. "Pluralistic Institutional Solutions Of The Problem Of Externalities," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 73-86.
    6. Eshani Beddewela & Jenny Fairbrass, 2016. "Seeking Legitimacy Through CSR: Institutional Pressures and Corporate Responses of Multinationals in Sri Lanka," Journal of Business Ethics, Springer, vol. 136(3), pages 503-522, July.

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