Corporate social responsibility as obligated internalisation of social costs
Johnston, Andrew, Amaeshi, Kenneth, Adegbite, Emmanuel, and Osuji, Onyeka (2021) Corporate social responsibility as obligated internalisation of social costs. Journal of Business Ethics, 170. pp. 39-52.
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Abstract
We propose that corporations should be subject to a legal obligation to identify and internalise their social costs or negative externalities. Our proposal reframes corporate social responsibility (CSR) as obligated internalisation of social costs, and relies on reflexive governance through mandated hybrid fora. We argue that our approach advances theory, as well as practice and policy, by building on and going beyond prior attempts to address social costs, such as prescriptive government regulation, Coasian bargaining and political CSR.
| Item ID: | 61012 |
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| Item Type: | Article (Research - C1) |
| ISSN: | 1573-0697 |
| Keywords: | corporate social responsibility, externalities, reflexive law, reflexive governance, hybrid fora, social costs |
| Copyright Information: | © The Author(s) 2019. This article is Open Access under a Creative Commons Attribution license. |
| Date Deposited: | 20 Nov 2019 07:45 |
| FoR Codes: | 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350703 Disaster and emergency management @ 100% |
| SEO Codes: | 91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910402 Management @ 100% |
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