Corporate Social Responsibility and the Environment: A Theoretical Perspective
نویسندگان
چکیده
This article surveys the growing theoretical literature on the motives for and welfare effectsof environmental corporate social responsibility (CSR). We show how both market andnonmarket forces are making environmental CSR profitable, and also discuss altruistic CSR.In particular, nongovernmental organizations strongly influence CSR activities, through bothpublic and private politics. CSR can have varied effects, from attracting green consumers orinvestors, to preempting government regulation, to encouraging regulation that burdensrivals. Welfare effects of CSR are subtle, and there is no guarantee that CSR enhancessocial welfare. We identify numerous areas in which additional theoretical work is needed.(JEL Q58, D21)
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