Environmental Protection and the Social Responsibility of Firms
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Agency Slack
ALI Principle
American Greenhouse Gas Emissions
business
Business Case
Business Judgment Rule
cary
Cary Coglianese
Category=KCVG
Category=KJG
Ceo Compensation
CIO
coglianese
Contemporary Society
corporate
Corporate Environmental Performance
Corporate Law Doctrine
corporate profit sacrifice analysis
CSR
CSR Activity
CSR Debate
CSR Investment
discretion
Einer Elhauge
environmental economics
Environmental Performers
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eq_business-finance-law
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eq_nobargain
eq_non-fiction
ethical investment strategies
fiduciary duty
JOHN KENNETH GALBRAITH
judgment
managerial
Moral Sanctions
Prevailing Stock Price
profits
public interest law
regulatory compliance
rule
sacrifice
Sacrifice Profits
Shareholder Profit Maximization
Shareholder Profits
Shareholder Welfare
stakeholder theory
Vice Versa
Product details
- ISBN 9781933115030
- Weight: 340g
- Dimensions: 156 x 234mm
- Publication Date: 06 Apr 2005
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Paperback
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Everyone agrees that firms should obey the law. But beyond what the law requires-beyond bare compliance with regulations-do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders? Even if permissible, is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an efficient use of social and economic resources? And, as an empirical matter, to what extent do firms already behave this way? Until now, public discussion has generated more heat than light on both the normative and positive questions surrounding corporate social responsibility (CSR) in the environmental realm. In Environmental Protection and the Social Responsibility of Firms, some of the nation‘s leading scholars in law, economics, and business examine commonly accepted assumptions at the heart of current debates on corporate social responsibility and provide a foundation for future research and policymaking.
Bruce L. Hay is a professor of law at Harvard Law School.
Robert N. Stavins is the Albert Pratt Professor of Business and Government at the John F. Kennedy School of Government, Harvard University.
Richard H. K. Vietor is the Senator John Heinz Professor of Environmental Management at the Harvard Business School.
Distinguished contributors to this book include Einer Elhauge and Mark Roe of Harvard Law School; John Donohue and Daniel Esty of Yale Law School; Paul Portney of Resources for the Future; Dennis Aigner of the University of California, Santa Barbara; Forest Reinhardt of Harvard Business School; Eric Orts of the Wharton School at the University of Pennsylvania; and David Vogel of the University of California, Berkeley.
