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The environmentally responsible firm. A future vision

Author

Listed:
  • Lacruz Moreno Félix Fernando

    (Estudiante de Administración de Empresas ULA-Mérida. Auxiliar de Investigación. Instituto de Investigaciones Económicas y Sociales (IIES) de la Universidad de Los Andes.)

Abstract

Entrepreneurs are becoming more aware about their social and environmental responsibilities at the inside and outside level of their firms. The new vision about economic development is and must be associated with the human and social advancement and environmental responsibility. This is why, nowadays, entrepreneurs must have an integrated vision of three dimensions: environmental, economic, and social. In a world where each day a great share of the environment is being depleted represents a personal and entrepreneur challenge for a new change. Without it, the future of next generations is not guaranteed. This paper deals with the fundamental role that firms have to play in environmental improvement and the benefits that the practice of environmental and social responsibility might bring to the firms.

Suggested Citation

  • Lacruz Moreno Félix Fernando, 2005. "The environmentally responsible firm. A future vision," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 30(21), pages 39-58, january-d.
    • Handle: RePEc:ula:econom:v:30:y:2005:i:21:p:39-58
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    More about this item

    Keywords

    Entrepreneurs social responsibility; environmental and social responsibility; entrepreneurship.;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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