Corporate and Financial Social Leadership in Emerging Markets and the Developing World

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Author(s): Julia M. Puaschunder (The Schwartz Center for Economic Policy Analysis,The New School, USA & Graduate School of Arts and Sciences, Columbia University, USA)
Copyright: 2020
Pages: 23
Source title: CSR and Socially Responsible Investing Strategies in Transitioning and Emerging Economies
Source Author(s)/Editor(s): Anetta Kuna-Marszałek (University of Łódź, Poland)and Agnieszka Kłysik-Uryszek (University of Łódź, Poland)
DOI: 10.4018/978-1-7998-2193-9.ch002

Keywords: Business & Management / Business and Organizational Research / Business Science Reference / Corporate Social Responsibility

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Abstract

Corporate social responsibility (CSR) attributes economic, legal, social, and philanthropic responsibilities within the corporate sector. Sustainable financial social responsibility is primarily addressed by socially responsible investment (SRI). This chapter addresses the concepts of CSR and SRI in emerging markets and the developing world with special attention to top-down and bottom-up approaches. Theoretical descriptions discuss the human constituents of responsibility and the international emergence of CSR, with special attention to multi-stakeholder partnerships. The rise of SRI in the international arena in the wake of stakeholder activism and intrinsic socio-psychological motives are outlined. Recommendations target ingraining social responsibility in economic systems by global governance, multi-stakeholder management, and governmental assistance of the implementation and administration of corporate and financial social responsibility.

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Corporate and Financial Social Leadership in Emerging Markets and the Developing World

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