Everyone agrees that firms should obey the law. But beyond the law
-- beyond 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? May they do so within
the scope of their fiduciary responsibilities to their
shareholders? 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 do some 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 CSR and provide a foundation for future research
and policymaking.
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; David Vogel of the University
of California, Berkeley; and Eric Orts of the Wharton School at the
University of Pennsylvania.
General
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