Corporate social responsibility : an economic and financial framework
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<subTitle>: an economic and financial framework</subTitle>
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<namePart>Heal, Geoffrey</namePart>
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<abstract>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</abstract>
<note type="statement of responsibility">Geoffrey Heal</note>
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<topic>Responsabilidad social de la empresa</topic>
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<topic>Corporaciones</topic>
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<topic>Desarrollo sostenible</topic>
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<topic>Gerencia de riesgos</topic>
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<topic>Reducción de riesgos</topic>
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<topic>Mercados financieros</topic>
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<identifier type="issn">1018-5895</identifier>
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<text>01/07/2005 Tomo 30 Número 3 2005 , p. 387-409</text>
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