Corporate Social Responsibility and Financial Capitalism: Why Regulation Is Lacking

Rémond, Antoine

Corporate Social Responsibility and Financial Capitalism: Why Regulation Is Lacking - 2009.


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Corporate Social Responsibility is sometimes presented as an institutional form capable of producing a new form of regulation of financial capitalism. This article rejects that analysis. The two main forces exerting pressure on the firm, being ethical investment and responsible consumption, do not constitute sufficient restraints. CSR therefore remains a voluntary engagement the adoption of which will not lead to the evolution of a new social compromise.

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