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.
- corporate social responsibility
- reflexive law
- reflexive governance
- hybrid fora
- social costs
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- Business School - Personal Chair in Business and Sustainable Development
- Global Environment and Society Academy
- Global Health Academy
- Global Development Academy
- Culture, Accounting & Society Research Network
- Global Academy of Agriculture and Food Security
- Centre for Business, Climate Change and Sustainability
- Scaling Business in Africa
Person: Academic: Research Active