The Economics of Corporate Social Responsibility

Abstract

The Economics of Corporate Social Responsibility (CSR) explores the intersection of business practices and social impacts, analyzing how corporations balance profitability with ethical considerations. This paper examines the economic implications of CSR, focusing on its impact on financial performance, stakeholder relationships, and long-term sustainability. It discusses various models of CSR, evaluates empirical evidence on its economic benefits, and highlights challenges and opportunities for businesses. By integrating theoretical and practical perspectives, this paper aims to provide a comprehensive understanding of CSR's economic dimensions and its role in shaping modern corporate strategies.