Corporate social responsibility and international development: critical assessment

Frynas, Jedrzej George (2008) Corporate social responsibility and international development: critical assessment. Corporate Governance: an International Review, 16 (4). pp. 274-281. ISSN 0964-8410

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Abstract

This article critically evaluates recent claims about the positive role that corporate social responsibility (CSR) could play in contributing to international development goals such as poverty alleviation and health improvements. The article suggests that many recent claims about the positive contribution of CSR to international development are unjustified based on four arguments: (1) lack of empirical evidence; (2) analytical limitations of CSR; (3) the constraints of the business case for CSR; and (4) unresolved governance questions. On the one hand, the article implies that private firms are unlikely to act as successful development actors without corporate governance reforms, which would align the interests of non-traditional stakeholders with corporate interests. On the other hand, the article implies that international development priorities may misalign the intrinsic interests of shareholders and company executives. The current CSR agenda seems inappropriate for addressing international development goals.

Item Type:Article
Research Areas:Business School > Leadership, Work and Organisations
Citations on ISI Web of Science:8
ID Code:948
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Deposited On:05 Feb 2009 16:56
Last Modified:12 May 2014 15:41

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