In 2010, Maryland became the first state to allow firms to incorporate as “benefit corporations,” which are for-profit entities with a social purpose. Since then, nineteen other states have followed. Using survey data from the population of 94 benefit corporations existent at the time of the...

This paper studies the empirical relation between corporate social responsibility (CSR) and corporate financial performance in Korea using a sample of 1122 firm-years during 2002-2008. We measure corporate social responsibility by both an equal-weighted CSR index and a stakeholder-weighted CSR...

This paper seeks to draw attention to a flaw in the firm’s Free Cash Flow model and related statement widely accepted in Corporate Finance. We argue that the common offset of any Current Liabilities against Current Assets distorts the FCF size, composition, and volatility, thereby misstating...

Corporate foundations are structures created by companies to conduct socially responsible activities. They are intended to make these activities more professional, better organised and coordinated. The foundations can also serve as a way of creating a positive image of a firm. The aim of the...

This article describes, analyzes, and explains the emergence of partnerships between corporations and non-governmental organizations (NGOs) and the ways in which corporations use such relationships as part of their corporate social responsibility (CSR) activities. Economics concepts and the...

This paper argues that mainstream economic theory, far from providing an indisputable plea in favor of shareholder value-maximization, offers striking arguments showing quite the opposite: profit-maximization cannot be a legitimate goal for private firms. This opens the door for a widening of a...

Corporate Social Responsibility (CSR) is becoming an ever more important component in the interaction between the business environment and the world in which companies operate. The term attracts interest from both people who apply it in their day-to-day activities and, also, from the academic...

(VF)Cet article propose un cadre d’analyse renouvelé de la Responsabilité Sociale de l’Entreprise (RSE), afin de faciliter le développement de perspectives de recherches alternatives au paradigme fonctionnaliste. Ce modèle articule quatre perspectives alternatives sur l’interface...

(VF)Cette contribution se propose de confronter le point de vue théorique et le point de vue des praticiens sur le concept de responsabilité sociétale des entreprises (RSE). Après avoir esquissé les fondements théoriques et montré l’importance stratégique des dimensions sociétales de...

(VF)Le livre d’Howard Bowen, Social Responsibilities of the Businessman (1953) a un statut paradoxal. Reconnu comme l’un des travaux fondateurs sur la Responsabilité Sociale de l’Entreprise (RSE), il est très fréquemment cité alors même qu’il semble avoir été très peu lu et...