The Knowledge Problem and Corporate Social Responsibility Across the Business Eras.

The article examines the concept of corporate social responsibility (CSR) through the lens of the "knowledge problem," which refers to the limitations faced by corporations in making informed decisions about resource allocation without market-based profit-and-loss signals. It traces the evolution of...

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Publicado en:Independent Review Vol. 30; no. 1; pp. 25 - 44
Autor principal: KOCUR, RICHARD D.
Formato: Artículo
Publicado: Independent Institute Summer2025
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: The Knowledge Problem and Corporate Social Responsibility Across the Business Eras.
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        au: KOCUR, RICHARD D.
        affil: Associate professor of marketing and chair of the Management and Marketing Department at Grove City College
      su:
        Oxford Encyclopedia of American Business, Labor & Economic History, The (Book)
        Consumer behavior
        Social responsibility of business
        Business ethics
        Social sustainability
        Deception
        Child sexual abuse
        Social accounting
        New Deal, 1933-1939
      sug:
        subj:
          Consumer behavior
          Social responsibility of business
          Business ethics
          Social sustainability
          Deception
          Child sexual abuse
          Social accounting
          New Deal, 1933-1939
          Oxford Encyclopedia of American Business, Labor & Economic History, The (Book)
      ab: The article examines the concept of corporate social responsibility (CSR) through the lens of the "knowledge problem," which refers to the limitations faced by corporations in making informed decisions about resource allocation without market-based profit-and-loss signals. It traces the evolution of CSR from its historical roots to contemporary practices, highlighting how different business eras have shaped the understanding and implementation of CSR. The author argues that ignoring market signals can lead to misallocation of resources and ineffective CSR initiatives, ultimately complicating the question of corporate responsibility. The paper concludes with recommendations for businesses to prioritize shareholder value while integrating localized decision-making to effectively address social objectives.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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