Ethics & Corporate Responsibility

A narrow view of corporate responsibility, known as the 'shareholder primacy' theory has been enforced whereby a corporation's responsibility extends only to maximizing profits. On the other hand, ethical responsibility theory advocates strong corporate self-restraint and duties and expansive public policy strengthening stakeholder rights. Economic responsibility theory advocates market wealth creation subject only to minimalist public policy and perhaps customary business ethics.

The language used in relation to CSR is often used interchangeably with other related topics, such as corporate sustainability, corporate social investment, triple bottom line, socially responsible investment and corporate governance. In recent years, scholars and managers ...