THEORIES IN CORPORATE SOCIAL RESPONSIBILITY RESEARCH

One of the important aspect of performance for corporations is the ability to abide by the existing rules, regulations, customs and values of the society. It has been widely claimed that corporations engage in corporate social responsibility (CSR) activities to legitimize their operational activities in accordance with the stakeholders expectations. Different theories have been explored by researchers to understand the nature and motives of corporations when contributing to the society via CSR activities. This paper provide a critical discussion on the various theories that have been used in corporate social responsibility research

Keywords:

Corporate Social Responsibility , Political Economy , Stakeholder , Legitimacy , Stakeholder , Agency , Resource Dependency , Resource Based View , Institutional