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Licence: Creative Commons: Attribution (CC-BY)
Original language | English |
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Journal | Journal of Business Ethics |
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Early online date | 1 Nov 2019 |
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DOIs | |
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Publication status | E-pub ahead of print - 1 Nov 2019 |
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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, externalities, reflexive law, reflexive governance, hybrid fora, social costs
ID: 116678588