Corporate Social Responsibilities & Profit Maximization

Corporate Social Responsibility (CSR) is a form of corporate self-regulation. According to Johnson (2008), CSR can be defined as the ways in which a firm goes beyond its minimum obligation to stakeholders per law and regulations. This voluntary social responsibilities of an organization may range from adoption of a more costly and environmentally sustainable production process, improvement of wage and non wage benefits to workers, taking on philanthropic projects for the welfare of the community, or combination of all...

Read More