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Corporate Social Responsibility: A Review of the Concept and Analysis of the Business Case for Corporate Social Responsibility in the Twenty-First Century

In: Corporate Social Responsibility

Author

Listed:
  • John O. Okpara

    (Bloomsburg University of Pennsylvania)

  • Samuel O. Idowu

    (London Metropolitan University)

Abstract

This paper reviews the concept of corporate social responsibility (CSR) with a view toward understanding its meaning and component parts, and examines the business case for corporate social responsibility. The business case for CSR refers to arguments made in support of the reasons businesses should accept and advance CSR activities. The business case is concerned with CSR benefits to corporations, and particularly with the bottom-line financial gains for businesses pursuing CSR activities. In developing this paper, we provided conceptual definitions of CSR as well as arguments that have been made in favor of the notion of business assuming any responsibility to society beyond profit-seeking and maximizing its own financial wellbeing for its shareholders.

Suggested Citation

  • John O. Okpara & Samuel O. Idowu, 2013. "Corporate Social Responsibility: A Review of the Concept and Analysis of the Business Case for Corporate Social Responsibility in the Twenty-First Century," CSR, Sustainability, Ethics & Governance, in: John O. Okpara & Samuel O. Idowu (ed.), Corporate Social Responsibility, edition 127, chapter 0, pages 3-15, Springer.
    • Handle: RePEc:spr:csrchp:978-3-642-40975-2_1
    DOI: 10.1007/978-3-642-40975-2_1
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    Cited by:

    1. Dolors Setó-Pamies & Eleni Papaoikonomou, 2016. "A Multi-level Perspective for the Integration of Ethics, Corporate Social Responsibility and Sustainability (ECSRS) in Management Education," Journal of Business Ethics, Springer, vol. 136(3), pages 523-538, July.

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