When Principles Pay : : Corporate Social Responsibility and the Bottom Line / / Geoffrey Heal.
Stories of predatory lending practices and the reckless destruction of the environment by greedy corporations dominate the news, suggesting that, in business, ethics and profit are incompatible pursuits. Yet some of the worst lenders are now bankrupt, and Toyota has enjoyed phenomenal success by pos...
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Place / Publishing House: | New York, NY : : Columbia University Press, , [2008] ©2008 |
Year of Publication: | 2008 |
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Heal, Geoffrey, author. aut http://id.loc.gov/vocabulary/relators/aut When Principles Pay : Corporate Social Responsibility and the Bottom Line / Geoffrey Heal. New York, NY : Columbia University Press, [2008] ©2008 1 online resource (288 p.) : 10 illus., 7 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Columbia Business School Publishing Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Social, Environmental, and Financial Performance -- 3. Socially Responsible Investment -- 4. Financial Institutions and Social and Environmental Performance -- 5. Pharmaceuticals and Corporate Responsibility -- 6. Wal-Mart and Starbucks -- 7. Interface and Monsanto -- 8. Outsourcing -- 9. Getting Rich by Selling to the Poor -- 10. Cell Phones and Development -- 11. Measuring Corporate Responsibility -- 12. Social and Environmental Policies and Corporate Strategy -- 13. Conclusions -- Notes -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star Stories of predatory lending practices and the reckless destruction of the environment by greedy corporations dominate the news, suggesting that, in business, ethics and profit are incompatible pursuits. Yet some of the worst lenders are now bankrupt, and Toyota has enjoyed phenomenal success by positioning itself as the green car company par excellence. These trends suggest that antisocial corporate behavior has its costs, especially in terms of the stock market, which penalizes companies that have poor environmental track records and rewards more socially conscious brands.The political context of our economy is rapidly changing, particularly in regard to incentives that operate outside the marketplace in a strict and narrow sense and involve interactions between corporations and nongovernmental organizations (NGOs), activist groups, regulatory bodies, consumers, and civil society. These interactions can significantly color a corporation's alternatives, making socially or environmentally harmful behavior much less attractive. British Petroleum, for example, has voluntarily reduced its greenhouse gas emissions over the past ten years, Starbucks, has changed the environmental impact of its coffee production, and Nike and other footwear and textile makers now monitor the labor conditions of their subcontractors.When Principles Pay jumps headfirst into this engaging and vital issue, asking whether profit maximization and the generation of value for shareholders is compatible with policies that support social and environmental goals. Geoffrey Heal presents a comprehensive examination of how social and environmental performance affects a corporation's profitability and how the stock market reacts to a firm's social and environmental behavior. He looks at socially responsible investment (SRI), reviewing the evolution of the SRI industry and the quality of its returns. He also draws on studies conducted in a wide range of industries, from financials and pharmaceuticals to Wal-Mart and Monsanto, and focuses on the actions of corporations in poor countries. In conclusion, Heal analyzes how social and environmental performance fits into accounting and corporate strategy, presenting an executive perspective on the best way to develop and implement these aspects of a corporation's behavior. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Business ethics Case studies. Industrial management Social aspects. Profit Moral and ethical aspects. Social justice. Social responsibility of business - Economic aspects. Social responsibility of business Economic aspects. BUSINESS & ECONOMICS / Corporate Governance. bisacsh Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013 9783110442472 print 9780231144001 https://doi.org/10.7312/heal14400 https://www.degruyter.com/isbn/9780231512930 Cover https://www.degruyter.com/document/cover/isbn/9780231512930/original |
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Heal, Geoffrey, Heal, Geoffrey, |
spellingShingle |
Heal, Geoffrey, Heal, Geoffrey, When Principles Pay : Corporate Social Responsibility and the Bottom Line / Columbia Business School Publishing Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Social, Environmental, and Financial Performance -- 3. Socially Responsible Investment -- 4. Financial Institutions and Social and Environmental Performance -- 5. Pharmaceuticals and Corporate Responsibility -- 6. Wal-Mart and Starbucks -- 7. Interface and Monsanto -- 8. Outsourcing -- 9. Getting Rich by Selling to the Poor -- 10. Cell Phones and Development -- 11. Measuring Corporate Responsibility -- 12. Social and Environmental Policies and Corporate Strategy -- 13. Conclusions -- Notes -- Index |
author_facet |
Heal, Geoffrey, Heal, Geoffrey, |
author_variant |
g h gh g h gh |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Heal, Geoffrey, |
title |
When Principles Pay : Corporate Social Responsibility and the Bottom Line / |
title_sub |
Corporate Social Responsibility and the Bottom Line / |
title_full |
When Principles Pay : Corporate Social Responsibility and the Bottom Line / Geoffrey Heal. |
title_fullStr |
When Principles Pay : Corporate Social Responsibility and the Bottom Line / Geoffrey Heal. |
title_full_unstemmed |
When Principles Pay : Corporate Social Responsibility and the Bottom Line / Geoffrey Heal. |
title_auth |
When Principles Pay : Corporate Social Responsibility and the Bottom Line / |
title_alt |
Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Social, Environmental, and Financial Performance -- 3. Socially Responsible Investment -- 4. Financial Institutions and Social and Environmental Performance -- 5. Pharmaceuticals and Corporate Responsibility -- 6. Wal-Mart and Starbucks -- 7. Interface and Monsanto -- 8. Outsourcing -- 9. Getting Rich by Selling to the Poor -- 10. Cell Phones and Development -- 11. Measuring Corporate Responsibility -- 12. Social and Environmental Policies and Corporate Strategy -- 13. Conclusions -- Notes -- Index |
title_new |
When Principles Pay : |
title_sort |
when principles pay : corporate social responsibility and the bottom line / |
series |
Columbia Business School Publishing |
series2 |
Columbia Business School Publishing |
publisher |
Columbia University Press, |
publishDate |
2008 |
physical |
1 online resource (288 p.) : 10 illus., 7 tables Issued also in print. |
contents |
Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Social, Environmental, and Financial Performance -- 3. Socially Responsible Investment -- 4. Financial Institutions and Social and Environmental Performance -- 5. Pharmaceuticals and Corporate Responsibility -- 6. Wal-Mart and Starbucks -- 7. Interface and Monsanto -- 8. Outsourcing -- 9. Getting Rich by Selling to the Poor -- 10. Cell Phones and Development -- 11. Measuring Corporate Responsibility -- 12. Social and Environmental Policies and Corporate Strategy -- 13. Conclusions -- Notes -- Index |
isbn |
9780231512930 9783110442472 9780231144001 |
callnumber-first |
H - Social Science |
callnumber-subject |
HD - Industries, Land Use, Labor |
callnumber-label |
HD60 |
callnumber-sort |
HD 260 H398 42008 |
genre_facet |
Case studies. |
url |
https://doi.org/10.7312/heal14400 https://www.degruyter.com/isbn/9780231512930 https://www.degruyter.com/document/cover/isbn/9780231512930/original |
illustrated |
Illustrated |
dewey-hundreds |
600 - Technology |
dewey-tens |
650 - Management & public relations |
dewey-ones |
658 - General management |
dewey-full |
658.408 |
dewey-sort |
3658.408 |
dewey-raw |
658.408 |
dewey-search |
658.408 |
doi_str_mv |
10.7312/heal14400 |
oclc_num |
979745360 |
work_keys_str_mv |
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status_str |
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ids_txt_mv |
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carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013 |
is_hierarchy_title |
When Principles Pay : Corporate Social Responsibility and the Bottom Line / |
container_title |
Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013 |
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