Corporate Social Responsibility and Social Entrepreneurship

Milton Friedman argued that the social responsibility of firms is to maximize profits. This paper examines this argument for the economic environment envisioned by Friedman in which citizens can personally give to social causes and can invest in profit‐maximizing firms and firms that give a portion of their profits to social causes. Citizens obtain social satisfaction from corporate social giving, but corporate giving may not be a perfect substitute for personal giving. The paper presents a theory of corporate social responsibility (CSR) and shows that CSR is costly when it is an imperfect substitute. When investors anticipate the CSR, shareholders do not bear its cost. Instead, the entrepreneurs who form the CSR firms bear the cost. Shareholders bear the cost of CSR only when it is a surprise, and it is to such surprises that Friedman objects. A social entrepreneur is willing to form a CSR firm at a financial loss because either doing so expands the opportunity sets of citizens in consumption‐social giving space or there is an entrepreneurial warm glow from forming the firm. Firms can also undertake strategic CSR activities that increase profits, and a social entrepreneur carries strategic CSR beyond profit maximization and market value maximization. The paper also examines the implications of taxes and the effect of the market for control for the sustainability of CSR.     

Corporate Social Responsibility: Strategic Implications*

abstract We describe a variety of perspectives on corporate social responsibility (CSR), which we use to develop a framework for consideration of the strategic implications of CSR. Based on this framework, we propose an agenda for additional theoretical and empirical research on CSR. We then review the papers in this special issue and relate them to the proposed agenda.     

企业财务关系与企业社会责任——小议企业财务关系中企业社会责任的缺失

本文从企业财务关系中企业社会责任意识的缺失对社会和谐、社会主义市场经济秩序、企业文化等五个方面的影响讨论了企业社会责任的重要性及其缺失可能带来的后果。     

也谈企业社会责任

当前，企业社会责任在国内已然成为热门话题。然而，关于企业社会责任究竟为何？企业应承担什么样的社会责任等问题还是众说纷纭，莫衷一是。因此，有必要正本清原，进行梳理和解析。     

质量与企业社会责任

今年是我国改革开放30年,在这30年里,我国的经济建设取得了令世界瞩目的骄人成绩,各类企业在获得自身发展和成长的同时,为国家经济的快速发展做出了直接贡献。然而,许多企业在发展过程中给社会带来的环境保护、资源消耗、员工劳动保护等方面的负面问题也逐渐凸显出来,有些问题已经达到相当严重的程度。这是由于长期以来有一个重要问题未得到全社会的充分重视,     

交叉上市与企业社会责任

文章以2010～2017年中国A股上市公司为样本,实证检验了交叉上市对企业社会责任的影响.研究发现,交叉上市能显著提高企业社会责任.按行业特征进行分组后发现,当公司所属行业的集中度较低、公司属于环境敏感型行业时,交叉上市对企业社会责任的影响更加显著.进一步研究发现,海外业务收入占比较高的公司,交叉上市对企业社会责任的影响更为显著;正向交叉上市和逆向交叉上市都能提高企业的社会责任;交叉上市能显著提高企业的ESG表现.文章探究了交叉上市对企业社会责任的影响,为交叉上市在新兴市场发挥治理作用提供了新的证据,深化了对企业社会责任和企业ESG表现的理解.     

企业社会责任与SA8000

企业的社会责任和SA8000并不等同,认为通过SA8000认证就意味着承担了全部的企业社会责任的观点是错误的;但另一方面,通过SA8000认证对于企业、对于社会都有着重要意义。     

企业社会责任理论的解释力分析

本文首先确定了企业社会责任理论的五个基本问题，然后对三种典型的企业社会责任理论在基本问题上的解释力予以分析。文章总结了各种理论的优缺点，从而为企业社会责任理论的改进与完善提供了启示。     

强化公司社会责任

公司社会责任是经济全球化公司发展的主潮流。本文通过对跨国公司以及国内公司的社会责任现状进行分析,并从公司自身建设与加强政府职责两方面提出对策来强化公司的社会责任。     

制度理论视角下企业社会责任的选择性参与

现实中,一家企业可以履行某些方面的社会责任而同时无视其他方面的社会责任。对此本文提出了企业社会责任选择性参与的概念,试图理解企业选择性履行社会责任的原因和方式。具体来说,本文研究企业如何利用象征（symbolic）效应,在寻求和维护合法性、应对制度压力的同时最大限度地保持内部运作的自主性。根据对中国1 000多家工业企业开展的数据调查发现,私营企业参与慈善活动较多,而国有企业则更重视员工福利;不健全的市场制度环境鼓励企业开展慈善活动,而较健全的市场制度环境则鼓励企业加强员工福利;此外,制度环境作用对国有企业的影响更为明显。     

企业社会责任与竞争优势

本文多视角的观点探讨企业竞争优势的构建机理,将企业社会责任作为契合点,详细论述企业社会责任如何影响企业内外部环境因素进而构建企业的竞争优势。     

企业社会责任标准研究

随着企业社会责任在全球范围日益受到重视,各种企业社会责任标准也迅速发展,并呈现不断专业化、适用范围不断扩大、与企业管理体系不断融合的趋势。我国企业社会责任标准起步较晚,总体上还停留在对现有有关企业社会责任国际标准的传播层面。构建中国特色企业社会责任标准,应处理好立足国情、企业实际与国际接轨的关系,实现可持续发展。     

Investment Inefficiency and Corporate Social Responsibility

Journal of Productivity Analysis - We demonstrate how earlier approaches to model the impact that corporate social responsibility (CSR) has on investment inefficiency are likely to be incorrect and...     

企业社会责任信息披露研究综述

伴随着经济社会发展速度的日益提升,人们的社会意识也随之得到了不断地提升,由此,企业的社会责任问题成为了人们所普遍关注的焦点和热点所在。也正是因为此,更多的企业在和社会责任相关的信息上面被披露。针对此,本文从企业社会责任思想的发展入手,站在理论和实际两个角度上,来详细对国内外企业社会责任信息披露的研究现状进行分析。     

SA8000与企业社会责任

SA8000（Social Accountability8000）是1997年8月由美国经济优先认可委员会（CEPAA,后更名为社会责任国际（SAI））牵头制定的一个第三方认证标准,并于2001年更新了第一个修订版,即SA8000：2001。SA8000虽然是民间制定,没有官方正式授权,但已得到国际社会消费者、媒体、行业协会、跨国公司的普遍接受,产生了广泛的国际性影响。SA8000进入我国以来,有力地促进了企业社会责任意识的提升,但同时也带来了一定的挑战。     

战略性企业社会责任研究

战略性企业社会责任(SCSR,Strategic corporate social responsibility)是将企业社会责任与公司战略管理相融合的新研究方向,近年来引起了学术界的广泛关注。SCSR以企业的长远利益为出发点,强调"共享价值",是既不同于CSR战略管理,又不同于传统型CSR的新议题。本文在区别传统型CSR和战略性CSR的基础上对后者进行了系统的研究,尝试从概念界定、价值创造途径、实证研究三个方面对SCSR进行综述,并提出SCSR的价值创造动力机制模型,以期为今后的相关研究提供一条思路。     

Corporate Social Responsibility and Managerial Entrenchment

When stakeholder protection is left to the voluntary initiative of managers, relations with social activists may become an effective entrenchment strategy for inefficient CEOs. We thus argue that managerial turnover and firm value are increased when explicit stakeholder protection is introduced so as to deprive incumbent CEOs of activists' support. This finding provides a rationale for the emergence of specialized institutions (social auditors and ethic indexes) that help firms commit to stakeholder protection even in the case of managerial replacement. Our theory also explains a recent trend whereby social activist organizations and institutional shareholders are showing a growing support for each other's agenda.     

Temporal Orientation and Corporate Social Responsibility: Global Evidence

There has been a growing emphasis on the importance of a long-term perspective in academia and practice. Yet understanding of the interdependency of those factors – the temporal preferences embedded in organizations and in societal values as well as the influence of temporal orientation of investors – remains limited. We theorize whether and how a firm's corporate social responsibility (CSR) is affected by the societal temporal orientation, its time horizon, and its investors' time horizon. Using a global sample, we confirm that CSR activity is higher when a country has a long-term orientation culture, when the firm has a long-time horizon, and when the controlling institutional investor has a long-term investment horizon. We also find that the national culture's long-term orientation heightens the effect of a firm's long-time horizon on its CSR. Further, our results show that the effects of temporal orientation are more pronounced in environmental than in social CSR.