Raising corporate social responsibility - The 'legitimacy' approach

Rahim, Mia Mahmudur (2012) Raising corporate social responsibility - The 'legitimacy' approach. Macquarie Journal of Business Law, 9(6), pp. 62-81.

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Discussing the normative arguments for the development of corporate social responsibility (CSR) is difficult but important. It is difficult/ as any argument for this development could be detrimental if it seems that it could narrow the scope of innovation in business and becomes a barrier to companies' usual business cases. It is important, as the civil society actors need the theoretical basis to further the instances of corporate irresponsibility to societies in an articulated way. Given this background, this article presents a detailed discussion on the 'legitimacy' argument as a normative basis for rising CSR. It is an analysis that runs counter to the functionalist economic arguments that mostly focus on the financial stakeholders and consider only the (allegedly free) 'market' outcomes.

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ID Code: 59619
Item Type: Journal Article
Refereed: No
Keywords: Corporate social responsibility, financial stakeholders, market outcomes
ISSN: 1440-0269
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2012 Macquarie University School of Law
Deposited On: 12 May 2013 22:37
Last Modified: 20 May 2013 10:34

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