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Environmental Protection and the Social Responsibility of Firms: Perspectives from Law, Economics, and Business book cover

1st Edition

Environmental Protection and the Social Responsibility of Firms Perspectives from Law, Economics, and Business

Edited By Bruce L. Hay, Robert N. Stavins, Richard H. K. Vietor Copyright 2005
224 Pages
by Routledge

224 Pages
by Routledge

224 Pages
by Routledge
Also available as eBook on:
Everyone agrees that firms should obey the law. But beyond what the law requires-beyond bare compliance with regulations-do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders?... Read more
About the Contributors Overview The Four Questions of Corporate Social Responsibility: May They, Can They, Should They, Do They? Bruce L. Hay, Robert N. Stavins, and Richard H. K. Vietor Part I: The Legal Perspective Corporate Managers Operational Discretion to Sacrifice Corporate Profits in the Public Interest Einer R. Elhauge Comments on Elhauge: Does Greater Managerial Freedom to Sacrifice Profits Lead to Higher Social Welfare? John J. Donohue On Sacrificing Profits in the Public Interest Mark J. Roe Summary of Discussion Part II: The Economic Perspective Corporate Social Responsibility: An Economic and Public Policy Perspective Paul R. Portney Comments on Portney: Does Corporate Social Responsibility Have to Be Unprofitable? Dennis J. Aigner On Portney‘s Complaint: Reconceptualizing Corporate Social Responsibility Daniel C. Esty Summary of Discussion Part III: The Business Perspective Environmental Protection and the Social Responsibility of Firms: Perspectives from the Business Literature Forest L. Reinhardt Comments on Reinhardt: Ethics, Risk, and the Environment in Corporate Responsibility Eric W. Orts Opportunities for and Limitations of Corporate Environmentalism David Vogel Summary of Discussion Index

Biography

Bruce L. Hay is a professor of law at Harvard Law School. Robert N. Stavins is the Albert Pratt Professor of Business and Government at the John F. Kennedy School of Government, Harvard University. Richard H. K. Vietor is the Senator John Heinz Professor of Environmental Management at the Harvard Business School. Distinguished contributors to this book include Einer Elhauge and Mark Roe of Harvard Law School; John Donohue and Daniel Esty of Yale Law School; Paul Portney of Resources for the Future; Dennis Aigner of the University of California, Santa Barbara; Forest Reinhardt of Harvard Business School; Eric Orts of the Wharton School at the University of Pennsylvania; and David Vogel of the University of California, Berkeley.

'Resources for the Future has published a stimulating new book which showcases differing views on the topic of corporate social responsibility. . . . [These issues] are argued back and forth with verve and spirit. Well worth reading if you want to understand the important stakes at the heart of the CSR debate.' The Environmental Forum
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