The Influence of Corporate Social Responsibility in a Legal Context

Authors

  • Muhammad Sohail Asghar Assistant Professor of Law, University of Okara

DOI:

https://doi.org/10.53762/alnasr.02.02.e12

Abstract

Corporate Social Responsibility (CSR) represents a commitment by businesses to ethical practices and social responsibility beyond profit generation. Drawing a comparative analysis between different countries and regions, we highlight variations and similarities in legal approaches to CSR. The research identifies the challenges and controversies surrounding CSR in the legal the legal context and engages in discussions about the effectiveness and limitations of CSR regulations. In conclusion, this article provides recommendations for companies, policymakers, and stakeholders in navigating the complex legal landscape of CSR and anticipates future trends in CSR within the legal context. The findings underscore the significance of CSR as an ethical and legal imperative for businesses in today's global landscape.

References

LouchE, C., Idowu, S., & Filho, W. (Eds.). (2010). Innovative CSR: From Risk Management to Value Creation (1st ed.). Routledge. https://doi.org/10.4324/9781351279000

Doane, Deborah. "Beyond corporate social responsibility: minnows, mammoths and markets." Futures 37, no. 2-3 (2005): 215-229.

Davis, James H., F. David Schoorman, and Lex Donaldson. “TOWARD A STEWARDSHIP THEORY OF MANAGEMENT.” Academy of Management Review 22, no. 1 (January 1997): 20–47. https://doi.org/10.5465/amr.1997.9707180258.

Carroll, Archie B. “Corporate Social Responsibility.” Business & Society 38, no. 3 (September 1999): 268–95. https://doi.org/10.1177/000765039903800303.

Matten, D. and Crane, A. (2005) Corporate Citizenship Toward and Extended Theoretical Conceptualization. Academy of Management Review, 30, 166-179. - References - Scientific Research Publishing,” n.d. https://scirp.org/reference/referencespapers?referenceid=2092242.

Maignan, Isabelle, and David A. Ralston. “Corporate Social Responsibility in Europe and the U.S.: Insights from Businesses’ Self-Presentations.” Journal of International Business Studies 33, no. 3 (2002): 497–514. http://www.jstor.org/stable/3069527.

Margolis, Joshua D., and James P. Walsh. “Misery Loves Companies: Rethinking Social Initiatives by Business.” Administrative Science Quarterly, June 1, 2003. https://doi.org/10.2307/3556659.

Andersen, Torben Juul. Short Introduction to Strategic Management. Cambridge University Press, 2013. http://books.google.ie/books?id=0aoZBAAAQBAJ&printsec=frontcover&dq=https://www.cambridge.org/core/books/strategic-management/E3CC2E2CE01497062D7603B7A8B9337F&hl=&cd=1&source=gbs_api.

Mitchell, Ronald K., Bradley R. Agle, and Donna J. Wood. “Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts.” The Academy of Management Review 22, no. 4 (1997): 853–86. https://doi.org/10.2307/259247.

Elkington, John, and Ian H. Rowlands. "Cannibals with forks: The triple bottom line of 21st century business." Alternatives Journal 25, no. 4 (1999): 42.

Max B. E. Clarkson. “A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance.” The Academy of Management Review 20, no. 1 (1995): 92–117. https://doi.org/10.2307/258888.

Rasche, Andreas, and Daniel E. Esser. “From Stakeholder Management to Stakeholder Accountability.” Journal of Business Ethics, May 1, 2006. https://doi.org/10.1007/s10551-005-5355-y.

McWilliams, Abagail, and Donald S. Siegel. “Corporate Social Responsibility: A Theory of the Firm Perspective.” Academy of Management Review, January 1, 2001. https://doi.org/10.5465/amr.2001.4011987.

Porter, Michael E. “Creating Shared Value.” Harvard Business Review, April 4, 2023. https://hbr.org/2011/01/the-big-idea-creating-shared-value.

Donaldson, Thomas, and Lee E. Preston. “The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications.” The Academy of Management Review 20, no. 1 (1995): 65–91. https://doi.org/10.2307/258887.

Jones, T.. “INSTRUMENTAL STAKEHOLDER THEORY: A SYNTHESIS OF ETHICS AND ECONOMICS.” Academy of Management Review 20 (1995): 404-437.

Visser, Wayne and Nick Tolhurst. “The World Guide to CSR: A Country-by-Country Analysis of Corporate Sustainability and Responsibility.” (2010).

Graafland, Johan, and Corrie Mazereeuw-Van Der Duijn Schouten. “Motives for Corporate Social Responsibility.” De Economist, September 21, 2012. https://doi.org/10.1007/s10645-012-9198-5.

Werther, William B. and David Chandler. “Strategic corporate social responsibility: stakeholders in a global environment.” (2011).

Downloads

Published

2023-12-31