Modelling the trade-off between profits and principles

Corporations discover that social responsibility pays off. However, sometimes doing what is ethical will prove costly to a company. The purpose of this article is to clarify this trade-off by developing an economic model that describes the choice between profits and principles. The model is used to analyse how external factors like a change in consumer interests and competitiveness affect the relationship between profits and principles.

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Year of publication:	2002
Authors:	Graafland, J.J.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Corporate social responsibility \| ethics \| competitiveness \| profit maximisation \| reputation \| win-win

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in De Economist 150.2(2002): pp. 129-154
Classification:	D69 - Welfare Economics. Other ; D21 - Firm Behavior ; M14 - Corporate Culture; Social Responsibility
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008636499