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Corporate social responsibility in controversial industries or how to fail spectacularly

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  • Belkania, Davit

Abstract

The present study is a critical appraisal of corporate social responsibility (CSR) and the certain type of the industry players who manage to conceal their detrimental core businesses behind CSR façade. Accordingly, the paper explores existing controversies between theoretical understanding and practical implementation of CSR, as well as the failure of the legal framework concerning CSR reporting. The paper suggests the following as a remedy for the existing problems: denotational refinement of CSR from versatile to explicit, inclusion of constructive criticism through NGOs, the inception of common framework vis-à-vis CSR reporting, and ranking/monitoring of companies by third-party organizations.

Suggested Citation

  • Belkania, Davit, 2019. "Corporate social responsibility in controversial industries or how to fail spectacularly," MPRA Paper 97303, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:97303
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    References listed on IDEAS

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    1. Philip R. P. Coelho & James E. McClure & John A. Spry, 2003. "The Social Responsibility of Corporate Management: A Classical Critique," American Journal of Business, Emerald Group Publishing Limited, vol. 18(1), pages 15-24, April.
    2. Sprinkle, Geoffrey B. & Maines, Laureen A., 2010. "The benefits and costs of corporate social responsibility," Business Horizons, Elsevier, vol. 53(5), pages 445-453, September.
    3. Ye Cai & Hoje Jo & Carrie Pan, 2012. "Doing Well While Doing Bad? CSR in Controversial Industry Sectors," Journal of Business Ethics, Springer, vol. 108(4), pages 467-480, July.
    4. Borghesi, Richard & Houston, Joel F. & Naranjo, Andy, 2014. "Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests," Journal of Corporate Finance, Elsevier, vol. 26(C), pages 164-181.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CSR; controversial industries; CSR reporting;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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