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Regulating the Levers of Globalization: Integrating Corporate Social Responsibility into the Capital-Raising Process

In: Corporate Social and Human Rights Responsibilities

Author

Listed:
  • Lauren Caplan

Abstract

Too many discussions about corporate social responsibility are destined to end in frustration before they even begin because of a disagreement about definitions. The debate about what responsibilities corporations owe and to whom such responsibilities are owed is not a new one and yet there remains broad disagreement about the answer. At its most basic level, a corporation represents a bargain between the state and the owners of the corporation. The state makes it easier for individuals to try to create profit-making ventures by limiting the risks to which such individuals are exposed; and in exchange, the owners agree to create something of value to society, or at least to minimize the risk that its limited liability transfers to society (the ‘Bargain’).1

Suggested Citation

  • Lauren Caplan, 2011. "Regulating the Levers of Globalization: Integrating Corporate Social Responsibility into the Capital-Raising Process," Palgrave Macmillan Books, in: Karin Buhmann & Lynn Roseberry & Mette Morsing (ed.), Corporate Social and Human Rights Responsibilities, chapter 10, pages 222-243, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29461-5_11
    DOI: 10.1057/9780230294615_11
    as

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