Effects of Corporate Social Responsibility and Irresponsibility Policies

  title={Effects of Corporate Social Responsibility and Irresponsibility Policies},
  author={J. Armstrong and Kesten C. Green},
  journal={IO: Empirical Studies of Firms \& Markets eJournal},
This article reviews experimental evidence on the effects of policies intended to promote behavior by firms that is more socially responsible and less socially irresponsible. Corporate social responsibility (CSR) can provide firms with opportunities for profit, but changes are likely to increase total welfare only if firms adopt them freely and without taxpayer subsidies. Mandated CSR circumvents people’s own plans and preferences, distorts the allocation of resources, and increases the… Expand
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