Corporate Social Responsibility versus Profit Maximization Introduction Nowadays‚ many large multinational corporations which occupy increasing shares in the market and high statues in the society are usually powerful in having both positive and negative effects on the public to a great extent. As a consequence‚ today‚ the concept of Corporate Social Responsibilities (CSR) draws much more public attention. Social responsibility goes beyond profit making and social obligation. CSR is a business
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many alternative vehicles for the investment of capital‚ so a particular investment often be said to carry an opportunity cost. This is the difference between the actual return forgone from the alternative investment‚ olowe (1997) noted that the maximization of shareholders wealth is the most superior of all the objectives considers timing of return‚ take account of both return and risk and it balances short and long-term benefits. There is an important incentive sectors companies. In the case of a
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classified into different categories. Categories in this classification include mechanical innovations (tractors and combines)‚ biological innovations (new seed varieties)‚ chemical innovations (fertilizers and pesticides)‚ agronomic innovations (new management practices)‚ technological innovations (heating‚ cooling ‚ packaging) biotechnological innovations‚ and informational innovations that rely mainly on computer technologies.( D. Sunding and D. Zilberman‚ 2000). In this study technological innovation
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Morality is not just a matter of what a person says is right‚ or because the culture or people of the universe agree with you. As stated in the text‚ Mill’s criticism of Kant is “the rightness of an act must not be divorced from its consequences”‚ with right meaning maximizing the happiness of mankind. For every action we do there is a consequence and it is up to ourselves to make the consequence result in happiness. Naturally people will do what feels right or what we may think has the least consequences
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is a situation where a single seller confronts a single buyer. Answers to two questions are sought throughout the analysis: 1. How do firms make pricing and production decisions? 2. What are the social welfare implications of those decisions? Homogeneous Vs Differentiable Commodity A product is homogeneous if all units of the product offered for sale are of the same quality at least in the eyes of the buyer. When an industry produces a homogeneous product‚ each firm produces a commodity
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Lecture Notes on Short-Run Producer Theory and Profit Maximization Lalith Munasinghe Production Functions We begin with a few definitions. Firm: An organization that turns inputs into outputs. Production Function (PF): The mathematical relationship between inputs and outputs. The PF is a technical relationship that specifies how much output can be produced from any possible combination of inputs. Example: an automobile is an output made from a complex combination of a variety of inputs
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the typically recommended practice at least in the US are all built on the premise that the primary goal of a corporation should be the maximization of shareholder value.” (Krishnan‚ 2009) One often stumbles upon such statements while reading about shareholders value or maximization of shareholders wealth. This is also a typical answer to questions such as “what is the best and primary objective of a company in a competitive market”. But should it be the only and most important objective in a
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declining due to some environmental factors as well as factors internal to the houses. The need for the discount houses to reposition their activities in the medium to long term was emphasized. The challenges confronting the houses call for proactive management on the part of the houses and creation of a more conducive operational environment by the regulatory authorities. The paper concluded by indicating that in the long run‚ the efficiency and competence of the houses in the discharge of their responsibilities
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Identification of Malaysia’s Economic System Malaysia is a democratic country with excellent economic system. We are one the leading country in economic terms and being an example for the economy system we are using. In Malaysia‚ we are into mixed economy system. This economy system is the leading type of economic system that is used in most of the countries such as United States. Mixed economy system includes a mixture of capitalism and socialism. It combines private economic freedom‚ centralized
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INTRODUCTION A financial management system is the methodology and software that an organization uses to oversee and govern its income‚ expenses‚ and assets with the objective of maximizing profits and ensuring sustainability. It is concerned with the procurement and use of funds with an aim to use business funds in such a way that the firm’s value and earnings are maximized. It also provides a frame work for selecting a proper course of action and deciding a viable commercial strategy
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