Individual and Corporate Social Responsibility

Bénabou, Roland and Tirole, Jean (2009) Individual and Corporate Social Responsibility. TSE Working Paper, n. 09-109

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Official URL: http://tse-fr.eu/pub/22265

Abstract

Society’s demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the “psychology and economics” of prosocial behavior to shed light on this trend, which reflects a complex interplay of genuine altruism, social or self image concerns, and material incentives. We then link individual concerns to corporate social responsibility, contrasting three possible understandings of the term: the adoption of a more long-term perspective by firms, the delegated exercise of prosocial behavior on behalf of stakeholders, and insider-initiated corporate philanthropy. For both individuals and firms we discuss the benefits, costs and limits of socially responsible behavior as a means to further societal goals.

Item Type: Monograph (Working Paper)
Language: English
Date: November 2009
JEL codes: D64 - Altruism
D78 - Positive Analysis of Policy-Making and Implementation
H41 - Public Goods
L31 - Nonprofit Institutions; NGOs
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 18 Jan 2012 06:01
Last Modified: 02 Oct 2019 23:01
OAI ID: oai:tse-fr.eu:22265
URI: http://publications.ut-capitole.fr/id/eprint/3300

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