MAP20071507102 Heal, Geoffrey Corporate social responsibility : an economic and financial framework / Geoffrey Heal The author analyzes corporate social responsibility (CSR) from economic and financial perspectives, and he suggests how it is reflected in financial markets. CSR is defined as a programme of actions to reduce externalized costs or to avoid distributional conflicts. It has evolved in response to market failures, a Coasian solution to problems associated with social costs. The analysis suggests that there is a resource-allocation role for CSR programmes in cases of market failure through private-social cost differentials, and also where distributional disagreements are strong En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/07/2005 Tomo 30 Número 3 2005 , p. 387-409 1. Responsabilidad social de la empresa . 2. Corporaciones . 3. Desarrollo sostenible . 4. Gerencia de riesgos . 5. Reducción de riesgos . 6. Mercados financieros . 7. Entidades financieras . I. Title. II. Título: The Geneva papers on risk and insurance.
