Milton Friedman argued that the social responsibility of firms is to maximize profits. This paper examines this argument for the economic environment envisioned by Friedman in which citizens can personally give to social causes and can invest in profit-maximizing firms and firms that give a portion of their profits to social causes. Citizens obtain social satisfaction from corporate social givi...

An outline of objectives Commercial enterprises are considered moving for maximizing their expected payoff. Traditional Net Present Value (NPV) method is one of the measures of investment decision. But static NPV method has its limits, since there is a lot of uncertainty in business situations so that actual profit includes a lot of risk. Intuitively, one can see that more alternatives that can...

The alignment of business and information technology (IT) strategies is an important and enduring theoretical challenge for the information systems discipline, remaining a top issue in practice for the past twenty years. Multi-business organizations (MBOs), present a particular alignment challenge, where business strategies are developed at both the corporate level and within individual strateg...

Since a for-profit organisation as a social system will not be able to operate sustainably without the approval and support of its stakeholders, this study contends that the loss of its stakeholders’ trust is regarded as one of the most significant threats to the long-term economic sustainability of an organisation. As such, this researcher then argues in this study that any organisation that w...

In the present-day business landscape characterised by global competition, demanding customers and depleting natural resources, Corporate Social Responsibility (CSR) has become an important strategy for corporations for creating competitive advantage. CSR involves a corporation’s commitment to align performance (revenue growth and profit) motives with fulfillment of social, ethical, community a...

Empirical research suggests that most corporate consumer affairs departments are not a part of the decision-making structure of their respective firms. The typical consumer affairs department appears to have little influence in management decisions that affect consumer satisfaction and welfare. As a result, it is of limited value for the consumer. A reason for the isolation of consumer affairs ...

The literature investigating the degree to which firm performance is associated with industry or corporate factors has recently been subject to criticism on the grounds of both methodological shortcomings and incomplete interpretation of results. Our research goes beyond these critiques to raise more basic issues concerning the assumptions underlying variance decomposition, the methodology domi...

During the last decade, Nigeria has witnessed significant growth in corporate mergers and acquisitions. Reasons behind mergers and acquisitions are to syntheses and enhance the corporate tenacity (synergy). In the existing study, an attempt has been on the study of the impact of mergers and acquisitions on the shareholders wealth. The study specifically on companies which have undergone merger ...

Employees can be a driving force behind organizational corporate social responsibility (CSR) efforts, yet the vast majority of literature has focused on firm-level understanding and implementation of CSR. Recent literature that explores the relationship between employees and CSR has not investigated how employees conceive of their role in CSR. We propose that in order to understand the factors ...