Csr Reporting

INTRODUCTION: INCREASED RESPONSIBILITIES OF BUSINESS FIRMS During the past decades business impregnables take in started to engage in activities that guide traditionally been regarded as existent governmental activities (Margolis and Walsh, 2003; Matten and Crane, 2005; Scherer and Palazzo, 2008a). This is especially true for multinational corporations (MNCs). They engage in public health, education, social security, and protection of human rights while often operating in countries with failed state agencies (Matten and Crane, 2005); address social ills such(prenominal) as AIDS, malnutrition, homelessness, and illiteracy (Margolis and Walsh, 2003; Rosen et al., 2003); define ethics codes (Cragg, 2005); protect the inwrought environment (Hart, 2005; Marcus and Fremeth, 2009); engage in self-regulation to fill world-wide gaps in legal regulation and moral orientation (Scherer and Smid, 2000); and promote social peace and stability (Fort and Schipani, 2004). Since the year 2000, over 5000 business firms have subscribed to the UN Global Compacts call to engage in self-regulation in order to fill the regulatory vacuum that has emerged as a result of the process of globalization. Many economists criticize these activities (e.g.

Henderson, 2001) because they do not correspond to the economic role of business in society as it is assumed in the theory of the firm (Jensen, 2002; Sundaram and Inkpen, 2004). The aforementioned behaviour of business firms even goes beyond the widespread understanding of corporate social responsibility (CSR) as conformation with societal expectations (Carroll, 1991; Strand, 1983; Whetten et al., 2002). These activities of businesses demonstrate a growing involvement of corporations in global business regulation and in the production of global public goods (Braithwaite and Drahos, 2000; Kaul et al., 2003; Vogel, 2007). Matten and Crane (2005) suggest that in the course of this cultivation some business firms have even begun to assume a state-like role. They argue... If you want to get a full essay, order it on our website: Ordercustompaper.com

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