Despite its recent popularity in literature, theory, and
practice, Corporate Social Responsibility (CSR) remains a vague
concept that struggles to define itself beyond the confines of
corporate philanthropy or sustainability. In some circles, it is a
response to the present and anticipated climate change challenges,
while in others it focuses on fair trade, corporate governance, and
responsible investment. What then is CSR, and how do we understand
its purpose? In Corporate Social Responsibility, Entrepreneurship,
and Innovation, authors Kenneth Amaeshi and Paul Nnodim consider
the governance of corporate externalities (positive and negative
impacts of firms on society and the environment) as the main thrust
of the CSR discourse - a field that hitherto only the state has
regulated, with sometimes coercive actions.
This book contributes to the theorization of CSR by presenting
the meaning of CSR in a clear and distinct manner, giving the
ongoing CSR debate a new direction anchored on a firm economic
philosophy. It reinforces the view of firms as social institutions
as well as economic actors, establishing CSR as a form of justice
rather than philanthropy. Articulating CSR as private governance of
corporate externalities, for the first time, this book provides
researchers with a new paradigm to translate knowledge into action
and offers reflective managers an alternative framework in which to
explore their corporate strategies and decisions.
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