Journal of Business Ethics 76 (2):137-145 (2007)

Though corporate social responsibility (CSR) is on the agenda of most major corporations, corporate executives still largely support the view that corporations should maximize the returns to their owners. There are two lines of defence for this position. One is the Friedmanian view that maximizing owner returns is the social responsibility of corporations. The other is a position voiced by many executives, that CSR and profits go together. This article argues that the first position is ethically untenable, while the latter is not supported by empirical evidence. The implication is that there may be good reason for firms to deviate from a maxim of profit maximization.
Keywords business ethics  corporate social responsibility (CSR)  profit maximization  special duties
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DOI 10.1007/s10551-006-9262-7
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References found in this work BETA

Anarchy, State, and Utopia.Robert Nozick - 1974 - New York: Basic Books.
Morals by Agreement.David P. Gauthier - 1986 - Oxford University Press.
Social Choice and Individual Values.Irving M. Copi - 1952 - Science and Society 16 (2):181-181.

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