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Individual and Corporate Social Responsibility

2009· article· en· 2,229 citations· W3121550950 on OpenAlex· 10.1111/j.1468-0335.2009.00843.x

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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.

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The record

Venue
Economica
Topic
Corporate Social Responsibility Reporting
Field
Business, Management and Accounting
Canadian institutions
Funders
London School of Economics and Political ScienceCanadian Institute for Advanced Research
Keywords
Prosocial behaviorCorporate social responsibilityInsiderSocial responsibilityPerspective (graphical)Public relationsBusinessCorporate governancePublic economicsEconomicsSocial psychologyPolitical sciencePsychologyFinanceLaw
Has abstract in OpenAlex
yes