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Erschienen in: Journal of Business Ethics 4/2018

14.05.2018 | Original Paper

The Evolution of Business Groups’ Corporate Social Responsibility

verfasst von: Alvaro Cuervo-Cazurra

Erschienen in: Journal of Business Ethics | Ausgabe 4/2018

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Abstract

In this theoretical paper, I analyze business groups’ corporate social responsibility (CSR). Building on economic thinking, I propose that the level and diversity of CSR investments of business groups evolve with the development of the country, as a result of the interaction of two drivers: the level of infrastructure deficiencies and the cost of negative externalities. I argue that in underdeveloped countries, business groups have high levels and low diversity of CSR investments, focusing on the social arena to compensate for infrastructure deficiencies. As countries implement pro-market reforms and become emerging economies, the level of CSR investments diminishes as business groups can rely on external providers and the government for supporting infrastructure, but CSR diversity increases to address the growing costs of negative externalities in the environmental and economic arenas. As countries further develop to become advanced economies, business groups’ level and diversity of CSR investments increase to prevent the high costs of negative externalities in the social, environmental, and economic arenas proactively.

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Metadaten
Titel
The Evolution of Business Groups’ Corporate Social Responsibility
verfasst von
Alvaro Cuervo-Cazurra
Publikationsdatum
14.05.2018
Verlag
Springer Netherlands
Erschienen in
Journal of Business Ethics / Ausgabe 4/2018
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI
https://doi.org/10.1007/s10551-018-3912-4

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