Environmental Protection and the Social Responsibility of Firms: Perspectives from Law, Economics, and Business (Resources for the Future S) - Softcover

Softcover

ISBN 10: 1933115033 ISBN 13: 9781933115030

Publisher: Routledge, 2005

Synopsis

Everyone agrees that firms should obey the law. But beyond what the law requires - beyond bare compliance with regulations - do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders? Even if permissible, is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an efficient use of social and economic resources? And, as an empirical matter, to what extent do firms already behave this way? Until now, public discussion has generated more heat than light on both the normative and positive questions surrounding corporate social responsibility (CSR) in the environmental realm. In "Environmental Protection and the Social Responsibility of Firms", some of the nation's leading scholars in law, economics, and business examine commonly accepted assumptions at the heart of current debates on corporate social responsibility and provide a foundation for future research and policymaking.

About this title

Review:

'Resources for the Future has published a stimulating new book which showcases differing views on the topic of corporate social responsibility. . . . [These issues] are argued back and forth with verve and spirit. Well worth reading if you want to understand the important stakes at the heart of the CSR debate.' The Environmental Forum

Synopsis:

Everyone agrees that firms should obey the law. But beyond the law - beyond compliance with regulations - do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? May they do so within the scope of their fiduciary responsibilities to their shareholders? Is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an efficient use of social and economic resources? And do some firms already behave this way? Until now, public discussion has generated more heat than light on both the normative and positive questions surrounding corporate social responsibility (CSR) in the environmental realm. In Environmental Protection and the Social Responsibility of Firms, some of the nation's leading scholars in law, economics, and business examine commonly accepted assumptions at the heart of current debates on CSR and provide a foundation for future research and policymaking.

About this edition

• Publisher: Routledge
• Publication date: 2005
• ISBN 10: 1933115033
• ISBN 13: 9781933115030
• Binding: Paperback
• Edition number: 1
• Number of pages: 224
• Editor: Hay Bruce L.