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Article: Economic drivers of corporate responsibility activities *.
- Article from:
- The Journal of Corporate Citizenship
- Article date:
- December 22, 2005
- Author:
CopyrightCOPYRIGHT 2005 Greenleaf Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This paper enquires under which circumstances a company may increase its value through the development and implementation of corporate responsibility activities. Corporate responsibility activities are defined as activities that lead a company to contribute to society beyond the goods and services it produces, the employment it provides, and the returns on investments it generates, in a context of market failures. We show that, under various conditions of imperfect competition, firms can increase their value with corporate responsibility activities, either carried out in isolation or in the frame of collective self-regulation processes. The benefits companies derive from ...