Corporate social responsibility : definition, core issues, and recent developments

This text offers an introduction to corporate social responsibility (CSR). Brent Beal introduces the basic concept of CSR, briefly discusses the challenges of defining it, and summarises important conceptual models. CSR is examined in the context of the perfect competition market model, market failure, and social dilemmas. Three different types of CSR - systemic, strategic, and philanthropic - are highlighted. Finally, arguments both for and against CSR are outlined and several conceptual frames are proposed