Sub-primes and BP: Two Faces of the Crisis
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Abstract
The damages created by the BP oil spill in Lousiana have highlighted once more the negative externalities that firms may impose on the communities where they operate. This article reviews the recent debate on corporate social responsibility (CSR), discussing the conditions under which CSR is justified and some strategies for its effective implementation in the current context.
Keywords
- Corporate Social Responsibility
- Firm Externalities
