Journal title SOCIOLOGIA DEL LAVORO
Author/s Leonardo Becchetti, Alessandra Pizzuto
Publishing Year 2008 Issue 2008/111 Language Italian
Pages 17 P. 83-99 File size 74 KB
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Corporate social responsibility and performance: is Csr economically sustainable? Corporate social responsibility (Csr) involves a shift of paradigm from the traditional approach of maximizing the shareholder’s value to a more complex multistakeholder approach. The economic sustainability of Csr crucially depends on the nexus between Csr and corporate performance. In this respect, standard Csr definitions document that this change of focus entails additional costs for the firm in exchange of some potential benefits. We shed light on such benefits emphazising: i) the potential positive productivity effect due to standard efficiency wage arguments and more original intrinsic motivation rationales; ii) the consumer demand effect depending on the willingness to pay of socially responsible consumers; iii) the effect of reduced transaction costs due to the minimization of conflicts with stakeholders.
Leonardo Becchetti, Alessandra Pizzuto, Responsabilità sociale d’impresa e performance: una scelta economicamente sostenibile? in "SOCIOLOGIA DEL LAVORO " 111/2008, pp 83-99, DOI: