Individual and Corporate Social Responsibility
Roland Bénabou,Jean Tirole +1 more
Reads0
Chats0
TLDR
In this paper, the benefits, costs and limits of socially responsible behaviour as a means to further societal goals are discussed, contrasting three possible understandings of the term: firms' adoption of a more long-term perspective, the delegated exercise of prosocial behaviour on behalf of stakeholders, and insider-initiated corporate philanthropy.Abstract:
Society's demands for individual and corporate social responsibility as alternative responses to market and distributive failures are becoming increasingly prominent. We draw on recent developments in the psychology and economics of prosocial behaviour to shed light on this trend and the underlying mix of motivations. We then link individual concerns to corporate social responsibility, contrasting three possible understandings of the term: firms' adoption of a more long-term perspective, the delegated exercise of prosocial behaviour on behalf of stakeholders, and insider-initiated corporate philanthropy. We discuss the benefits, costs and limits of socially responsible behaviour as a means to further societal goals.read more
Citations
More filters
Journal ArticleDOI
Corporate social responsibility and access to finance
TL;DR: In this article, the authors investigate whether superior performance on corporate social responsibility (CSR) strategies leads to better access to finance and find that firms with better CSR performance face significantly lower capital constraints.
Journal ArticleDOI
Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis
TL;DR: This paper found that firms with high social capital, measured as corporate social responsibility (CSR) intensity, had stock returns that were four to seven percentage points higher than firms with low social capital during the 2008-2009 financial crisis.
Journal ArticleDOI
Beyond the Glass Ceiling: Does Gender Matter?
Renee B. Adams,Patricia Funk +1 more
TL;DR: Barber et al. as mentioned in this paper found that female and male directors differ systematically in their core values and risk attitudes, but in ways that differ from gender differences in the general population.
Journal ArticleDOI
Socially responsible firms
TL;DR: The authors found that well-governed firms that suffer less from agency concerns (less cash abundance, positive pay-for-performance, small control wedge, strong minority protection) engage more in CSR.
Journal ArticleDOI
Corporate goodness and shareholder wealth
TL;DR: In this paper, the authors study how stock markets react to positive and negative events concerned with a firm's corporate social responsibility (CSR), and they show that investors respond strongly negatively to negative events and weakly negatively to positive events.
References
More filters
Book ChapterDOI
The Social Responsibility of Business Is to Increase Its Profits
TL;DR: When I hear businessmen speak eloquently about the social responsibilities of business in a free-enterprise system, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life as mentioned in this paper.
Journal ArticleDOI
Corporate Social and Financial Performance: A Meta-Analysis
TL;DR: This article conducted a meta-analysis of 52 studies and found that corporate virtue in the form of social responsibility and, to a lesser extent, environmental responsibility is likely to pay off, although the operationalizations of CSP and CFP also moderate the positive association.
Book
The Economics of Welfare
TL;DR: Aslanbeigui et al. as mentioned in this paper discussed the relationship between the national dividend and economic and total welfare, and the size of the dividend to the allocation of resources in the economy and the institutional structure governing labor market operations.
Journal ArticleDOI
Incentives and Prosocial Behavior
TL;DR: This paper developed a theory of prosocial behavior that combines heterogeneity in individual altruism and greed with concerns for social reputation or self-respect, and analyzed the socially optimal level of incentives and how monopolistic or competitive sponsors depart from it.
Journal ArticleDOI
The Dishonesty of Honest People: A Theory of Self-Concept Maintenance
Nina Mazar,On Amir,Dan Ariely +2 more
TL;DR: The authors show that people behave dishonestly enough to profit but honestly enough to delude themselves of their own integrity, and that a little bit of dishonesty gives a taste of profit without spoiling a positive self-view.