Risk management, real options, and corporate social responsibility

被引:174
作者
Husted, BW [1 ]
机构
[1] EGADE, ITESM, Tecnol Monterrey & Inst Empresa, Monterrey 64849, NL, Mexico
关键词
corporate social responsibility; real options; risk management;
D O I
10.1007/s10551-005-3777-1
中图分类号
F [经济];
学科分类号
02 ;
摘要
The relationship of corporate social responsibility to risk management has been treated sporadically in the business and society literature. Using real options theory, I develop the notion of corporate social responsibility as a real option and its implications for risk management. Real options theory allows for a strategic view of corporate social responsibility. Specifically, real options theory suggests that corporate social responsibility should be negatively related to the firm's ex ante downside business risk.
引用
收藏
页码:175 / 183
页数:9
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