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2 weeks ago
Define corporate social performance (CSP).
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Business and Its Environment
Edition: 7th
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The term corporate social performance (CSP) is used to refer to social activities that satisfy two conditions. First, the social activities extend beyond the requirements of the law and regulations. Second, the social activities involve the private provision of public goods or private redistribution. A firm that undertakes social activities only for strategic reasons or because of social pressure will act only when there is an opportunity for profits or when forced to act by its nonmarket environment. A firm motivated by moral principles can act in the absence of a profit opportunity or social pressure.
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