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The Concept of Value for CSR: A Debate Drawn from Italian Classical Accounting

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  • Massimo Costa
  • Patrizia Torrecchia

Abstract

This paper underlines the importance of the concept of value for corporate social responsibility (CSR) and then explores it beyond economics, looking for its social and philosophical roots. Considering the most recent literature on the matter, the dilemma between a non‐monetary, multi‐variable conception and a monetary, one‐variable conception is set. To obtain the origins of the meaning for this basic concept in CSR, Italian literature regarding ‘value in accounting’ is explored. The main result from this first survey is the existence of a ‘chain’ from the highest conception of value (philosophical, ethical), to the most practical conception (accounting techniques of measurement). By this first approach, some provisional normative clauses are then deduced, in a ‘problem‐setting attitude’ to be tested by means of further research on the topic, exploring other literature and building a new general paradigm to finally provide a commonly shared measure for social value. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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  • Massimo Costa & Patrizia Torrecchia, 2018. "The Concept of Value for CSR: A Debate Drawn from Italian Classical Accounting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(2), pages 113-123, March.
    • Handle: RePEc:wly:corsem:v:25:y:2018:i:2:p:113-123
    DOI: 10.1002/csr.1443
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    References listed on IDEAS

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    Cited by:

    1. Edward T. Vieira, Jr. & Susan Grantham & Susan D. Sampson, 2021. "Corporate Social Responsibility and Its Reporting From a Management Control System Perspective," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 19(2 (Summer), pages 127-144.
    2. Sandra Castro‐González & Belén Bande & Takuma Kimura, 2019. "How and when corporate social responsibility affects salespeople's organizational citizenship behaviors?: The moderating role of ethics and justice," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 548-558, May.
    3. Leanne Johnstone, 2018. "Environmental management decisions in CSR‐based accounting research," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1212-1222, November.

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