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Corporate Social Responsibility as Obligated Internalisation of Social Costs

Johnston, Andrew and Amaeshi, Kenneth and Adegbite, Emmanuel and Osuji, Onyeka (2019) 'Corporate Social Responsibility as Obligated Internalisation of Social Costs.' Journal of Business Ethics. ISSN 0167-4544

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Abstract

We propose that corporations should be subject to a legal obligation to identify and internalise their social costs or negative externalities. Our proposal reframes corporate social responsibility (CSR) as obligated internalisation of social costs, and relies on reflexive governance through mandated hybrid fora. We argue that our approach advances theory, as well as practice and policy, by building on and going beyond prior attempts to address social costs, such as prescriptive government regulation, Coasian bargaining and political CSR.

Item Type: Article
Divisions: Faculty of Humanities > Law, School of
Depositing User: Elements
Date Deposited: 11 Nov 2019 14:25
Last Modified: 11 Nov 2019 14:25
URI: http://repository.essex.ac.uk/id/eprint/25886

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