Corporate social responsibility and the shareholder primacy paradigm

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Increased focus on corporate social responsibility does not necessitate a shift from shareholder primacy to stakeholder interests.
Market mechanisms will likely ensure that demands for corporate social responsibility are met while preserving shareholder value.
Stakeholder preferences for corporate social responsibility are captured in market pricing, influencing corporate behaviors effectively and efficiently over time, indicating responsiveness to CSR demands while maintaining traditional paradigms of shareholder focus. Driving CSR initiatives can benefit stakeholders and shareholders alike, linking responsible practices with business value.

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Analysis of corporate social responsibility's impact on decision-making and shareholder interests, suggesting minimal paradigm shift needed.

David J. Denis (2024) studied this question.

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Analysis of corporate social responsibility's impact on decision-making and shareholder interests, suggesting minimal paradigm shift needed.