The Instrumental View of CSR Advocates Who Are Skeptical of CSR

question 42

Short Answer

The instrumental view of CSR advocates who are skeptical of CSR compliance claims:
a. That firms may not necessarily be sincere.
b. That firms may be compelled to appear to be sensitive to CSR by impression management-in other words, "window dressing."
c. That many firms may chase fads by following what others are doing, while not having truly internalized the need for CSR.
d. That CSR activities simply represent a useful means to help make good profits. Firms are not necessarily becoming more "ethical."
e. All of the above

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Definitions:

Statement of Stockholder's Equity

A financial document that shows changes in the equity section of a company's balance sheet, including retained earnings and issued shares.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owner's Equity.

Liabilities

Financial obligations or debts owed by a business to others, which can include loans, accounts payable, mortgages, and other monies owed.

Total Assets

The sum of all current and non-current assets owned by a company, as reflected in its balance sheet.