Corporations make significant direct contributions to environmental improvement and also indirect contributions, through expenditure on process and product innovation. We explore alternative motivations for these expenditures that look beyond the assertion that they are a consequence of business...

The encyclical Caritas in Veritate contains only two paragraphs that refer, almost in passing, to Corporate Social Responsibility (CSR). Nevertheless, the encyclical is full of suggestions and ideas about how Benedict XVI sees CSR: as a natural ethical responsibility (but not just any ethic is...

The relative responsibility and authority of shareholders, directors and managers in governing a corporation has been a central issue in the law and economics literature. Part of that debate has focused on the fiduciary duty of boards and managers to maximize profits, especially when questions...

We analyze the effect of state visits by the Catholic pope on human rights in the host country to understand how a small theocracy like the Vatican can exert disproportionate political influence in international politics. Our theoretical model of the strategic interaction between the Catholic...