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.
U4 Brief | May 2020
Anti-corruption in Covid-19 preparedness and response. Mainstreaming integrity into pandemic plans and policies
Book Chapter | Mar 2020
Constituting Transitions: Predicting Unpredictability
Christine Bell, Robert Forster
International Law and Transitional Governance Critical Perspectives
U4 Brief | Mar 2020
La corruption au temps du COVID-19 : double menace pour les pays à faibles revenus
Sarah Steingrüber, Monica Kirya, David Jackson, Saul Mullard