ABSTRACT
An increasing number of firms make reference to the pursuit of environmental and social goals in the definition of their purpose. This raises important issues with respect to the way in which the trade-offs between profit maximization and social value are solved. As I show in this chapter, there are different perspectives that can be adopted to this end depending on the field of scholarship selected: economics, finance, management and law. Each perspective offers different nuances as to the way in which corporate purpose is defined and the conflict between the pursuit of profit and social value is dealt with …
Ferrarini, Guido, Corporate Purpose and Sustainability (December 7, 2020). European Corporate Governance Institute – Law Working Paper #559/2020. An edited version of this paper will be published as a chapter in Danny Busch, Guido Ferrarini and Seraina Grünewald (eds), Sustainable Finance, Palgrave MacMillan (forthcoming).
First posted 2020-12-24 07:55:06
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