English, Article edition: Shareholder Value Maximization-Is There a Role for Corporate Social Responsibility? John Martin; William Petty; James Wallace

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Bookmark: http://trove.nla.gov.au/version/108923
Physical Description
  • article
Language
  • English

Edition details

Title
  • Shareholder Value Maximization-Is There a Role for Corporate Social Responsibility?
Author
  • John Martin
  • William Petty
  • James Wallace
Physical Description
  • article
Notes
  • Although often viewed as inconsistent with the corporate goal of value maximization, the corporate social responsibility (CSR) movement can add value by helping companies develop and maintain their reputations for fair dealing with each of their important non-investor stakeholder groups, including employees, suppliers, and local communities. Such "reputational capital" in turn helps reinforce the commitment of those stakeholders through what amount to informal or implicit contracts-contracts that are often critical to a company's long-run success. Copyright Copyright (c) 2009 Morgan Stanley.
  • RePEc:bla:jacrfn:v:21:y:2009:i:2:p:110-118
Language
  • English
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