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Corporate Social Responsibility: theoretical perspectives in the Italian Debate

Author

Listed:
  • Sacco, Pier Luigi

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

  • Viviani, Michele

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

Abstract
This paper is meant as a discussion of different methodologicalapproaches to the analysis of corporate social responsibility (CSR), sorted out through a scrutiny of the literature that has emerged from the recent Italian debate. The first stream of literature is embedded in the neo-classical approach that adapts to the contemporary economic environment - the famous Milton Friedman statement that the social responsibility of the firm is to make profits (Friedman, 1970). The second stream refers to a neo-contractualist approach, mainly developed by Lorenzo Sacconi (2004, 2005), that can be considered as an insightful application of incomplete contracts theory, strongly characterized by a contractualist-oriented ethical perspective. The third stream is the relational approach developed by Bruni and Zamagni (2004), which takes the issue of social reproduction into account in the description of the economic system, thereby looking at firms as producers of socially provided goods. Finally, we propose an integration between these different perspectives through the adoption of a conventionalist definition of CSR.

Suggested Citation

  • Sacco, Pier Luigi & Viviani, Michele, 2005. "Corporate Social Responsibility: theoretical perspectives in the Italian Debate," AICCON Working Papers 11-2005, Associazione Italiana per la Cultura della Cooperazione e del Non Profit, revised 03 Feb 2007.
    • Handle: RePEc:ris:aiccon:2005_011
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    References listed on IDEAS

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    More about this item

    Keywords

    Corporate Social Responsibility; Italy;

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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