Description
Book SynopsisThis book addresses key issues related to the choice between governments regulating and enforcing society’s sustainability and social responsibility objectives, and firms reporting on their sustainable and socially responsible activities so stakeholders can exert pressure on firms to achieve society’s goals. While these may be considered as the two endpoints of a continuum, it is clear that there are differing perspectives on the role of governments in sustainability and responsibility. At one end of this continuum are stakeholders who believe the only way to achieve a sustainable and socially conscious society is to establish and enforce regulations with the concomitant governmental organizations to oversee and enforce those regulations. At the other end are those who consider firms to be crucial organizations for achieving sustainability and socially responsible outcomes, and who feel it is the responsibility of stakeholders to determine the legitimacy of firms’ actions. It is probably not the case that any economies exist at either end of this continuum, but it is clear that the availability of reliable information is critical for any stakeholder to review the performance of either the governments or the firms. This book presents a varied set of papers that explore the issues that must be considered, regardless of which position a stakeholder takes.
Table of Contents1.Background.- 1.1. CSR; In Pursuit of Sustainable Growth and Economic Development .- 1.2.Social Responsibility as a Factor of Convergence in Corporate Governance.- 2.Analytical Models.- 2.1.A Signaling Game between a Manager and Investors for Financial Disclosure.- 2.2. Converging the Shareholder And Stakeholder Theories: Writing An Explicit Corporate Objective Function.- 3.Market and firm Issues.- 3.1.Is Socially Responsible Investing More Risky?.- 3.2.Corporate Social Disclosures by Banks: Between Legal Institution and Cultural Dimensions.- 3.3.Social Reporting In A Health Care Organization: A Case Study Of A Regional Italian Hospital.
