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Corporate Responsibility

Activists are often unhappy with the laws governing business behavior and with their enforcement. One strategy they use to alter the behavior of corporations is to target not the laws but the corporations, hoping that they will change without being...

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Bibliographic Details
Main Author: World Bank
Language:English
Published: Washington, DC 2012
Subjects:
CARTELS
CLIMATE CHANGE
COMPANY
CORPORATE RESPONSIBILITY
CORPORATION
CORPORATIONS
DEREGULATION
ECONOMICS
ENVIRONMENTAL ISSUES
FIRMS
INTERMEDIATE GOODS
INTERNATIONAL STANDARDS
MULTINATIONAL COMPANIES
OIL
PRIVATE SECTOR
PRODUCERS
SANCTIONS
SUPPLIERS CORPORATE ACCOUNTABILITY
BUSINESS CAPACITY
STANDARD PERFORMANCE
SOCIAL ISSUES
ECONOMIC ISSUES
POLITICAL ISSUES
RULES & REGULATIONS
JUDICIAL SYSTEMS
HUMAN RIGHTS
LOCAL COMMUNITIES
ETHICAL NORMS
MONITORING
Online Access:http://documents.worldbank.org/curated/en/2004/05/4971605/corporate-responsibility
http://hdl.handle.net/10986/11270
Description
Summary:Activists are often unhappy with the laws governing business behavior and with their enforcement. One strategy they use to alter the behavior of corporations is to target not the laws but the corporations, hoping that they will change without being legally obliged to. Sometimes firms do, because they would rather incur the costs of behaving better today than the costs of being shamed later. But how does this reputational mechanism work? Will it achieve the right standards? Which companies will it affect? And are there good reasons to prefer it to alternative ways of setting standards?

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