Environmental Protection and the Social Responsibility of Firms
Gebundenes Buch

Environmental Protection and the Social Responsibility of Firms

Perspectives from Law, Economics, and Business

Herausgeber: Hay, Bruce L.; Vietor, Richard H. K.; Stavins, Robert N.
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Everyone agrees that firms should obey the law. But beyond what the law requires-beyond bare compliance with regulations-do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders? Even if permissible, is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an eff...