Toward a New/Old Theory of Corporate Social Responsibility

36 Pages Posted: 16 May 2012

Date Written: 1989

Abstract

This article discusses how the law should treat the purpose of corporations. It argues that they should exist not just to maximize profit but to also benefit the larger philanthropic and educational needs of society. Toward that end, corporations should be more generous with those expenditures and undertake certain activity in their line of business that promotes them, even if they are profitable as other work.

Keywords: corporate social responsibility, corporate purpose, corporate philanthropy

Suggested Citation

Morrissey, Daniel J., Toward a New/Old Theory of Corporate Social Responsibility (1989). Syracuse Law Review, Vol. 40, No. 3, 1989, Available at SSRN: https://ssrn.com/abstract=2060357

Daniel J. Morrissey (Contact Author)

Gonzaga University - School of Law ( email )

721 N. Cincinnati Street
Spokane, WA 99220-3528
United States

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