Corporate Social Responsibility as a Conflict Between Shareholders

In recent years, firms have greatly increased the amount of resources allocated to activities classified as Corporate Social Responsibility (CSR). While an increase in CSR expenditure may be consistent with firm value maximization if it is a response to changes in stakeholders' preferences, we...

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Veröffentlicht in:	Journal of business ethics 2010-11, Vol.97 (1), p.71-86
Hauptverfasser:	Barnea, Amir, Rubin, Amir
Format:	Artikel
Sprache:	eng
Schlagworte:	Annual reports Book value Business and Management Business Ethics Business networks Business structures Chief executive officers Corporate governance Corporate social responsibility Education Employees Ethics Expenditures Financial leverage Herfindahl Hirschman index Hypotheses Investors Management ownership structure Philosophy Public pensions Quality of Life Research Ratings & rankings Resource allocation Shareholders Social capital Social responsibility Stakeholder Standard deviation Stockholders
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