EconPapers FAQ Archive maintainers FAQ Cookies at EconPapers Format for printing The RePEc blog The RePEc plagiarism page Economic Perspectives on Corporate Social ResponsibilityMarkus Kitzmueller and Jay ShimshackAuthors registered in the RePEc Author Service: Markus KitzmullerJournal of Economic Literature, 2012, vol. 50, issue 1, 51-84Abstract:This paper synthesizes the expanding corporate social responsibility (CSR) literature. We define CSR from an economic perspective and develop a CSR taxonomy that connects disparate approaches to the subject. We explore whether CSR should exist and investigate conditions when CSR may produce higher welfare than other public good provision channels. We also explore why CSR does exist. Here, we integrate theoretical predictions with empirical findings from economic and noneconomic sources. We find limited systematic empirical evidence in favor of CSR mechanisms related to induced innovation, moral hazard, shareholder preferences, or labor markets. In contrast, we uncover consistent empirical evidence in favor of CSR mechanisms related to consumer markets, private politics, and public politics. (JEL D21, L21, M14)JEL-codes: D21 L21 M14 (search for similar items in EconPapers)Date: 2012Note: DOI: 10.1257/jel.50.1.51References: View references in EconPapers View complete reference list from CitEc Citations: View citations in EconPapers (364) Track citations by RSS feedDownloads: (external link) =10.1257/jel.50.1.51 (application/pdf)Related works:This item may be available elsewhere in EconPapers: Search for items with the same title.Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/TextPersistent link: :aea:jeclit:v:50:y:2012:i:1:p:51-84Ordering information: This journal article can be ordered from Statistics for this articleJournal of Economic Literature is currently edited by Steven DurlaufMore articles in Journal of Economic Literature from American Economic Association Contact information at EDIRC.Bibliographic data for series maintained by Michael P. Albert (Obfuscate( 'aeapubs.org', 'mpa' )). var addthis_config = "data_track_clickback":true; var addthis_share = url:" :aea:jeclit:v:50:y:2012:i:1:p:51-84"Share This site is part of RePEc and all the data displayed here is part of the RePEc data set. Is your work missing from RePEc? Here is how to contribute. Questions or problems? Check the EconPapers FAQ or send mail to Obfuscate( 'oru.se', 'econpapers' ). EconPapers is hosted by the Örebro University School of Business.