CMI Working Paper | 2006
Why Firms should not always Maximize Profits
Bergen: Chr. Michelsen Institute (CMI Working Paper WP 2006: 11) 7 p.
Though corporate social responsibility (CSR) is on the agenda of most major corporations, corporate executives still largely support the view that corporations should maximize the returns to their owners. There are two lines of defence for this position. One is the Friedmanian view that maximizing owner returns is the corporate social responsibility of corporations. The other is a position voiced by many executives, that CSR and profits go together. This paper argues that the first position is ethically untenable, while the latter is not supported by empirical evidence. The implication is that there may be good reason for firms to deviate from a maxim of profit maximization.
Book Chapter | Mar 2020
Constituting Transitions: Predicting Unpredictability
Christine Bell, Robert Forster
International Law and Transitional Governance Critical Perspectives
U4 Issue | Feb 2020
Reciprocity networks, service delivery, and corruption: The wantok system in Papua New Guinea
Grant Walton, David Jackson
Journal Article | Jan 2020
The Customer is King: Evidence on VAT Compliance in Tanzania
Odd-Helge Fjeldstad, Cecilia Kagoma, Ephraim Mdee, Ingrid Hoem Sjursen, Vincent Somville