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Financial performance of firms that are socially responsible are the same as those that are (presumably except at the margins)
Every company has to decide for itself
“ If the bottom line is negative there is no plus for society”
Size obviously a factor. E.g. GM has a huge responsibility because of its power
Public policy: Govt. should have guidelines created…Companies must go beyond that.
Contract theory
Many companies go beyond what’s required and have a social mission