Corporate social responsibility as obligated internalisation of social costs

Johnston, Andrew, Amaeshi, Kenneth, Adegbite, Emmanuel, and Osuji, Onyeka (2019) Corporate social responsibility as obligated internalisation of social costs. Journal of Business Ethics. (In Press)

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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
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.
Additional Information:

This article is available Open Access via the publisher's website.

Date Deposited: 20 Nov 2019 07:45
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910402 Management @ 100%
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