Determinants of CSR Commitments: A Theoretical Dimension
This chapter reviews the evolution of CSR studies in various academic fields and discusses various strands of CSR theories with an emphasis on theoretical findings of CSR’s motivational factors. CSR as an academic field of inquiry has undergone profound changes, from a rudimentary subject of occasional intellectual interests to a frequently debated topic that intersects both business orthodox and social sciences. There are mainly two camps of scholarly debates on CSR. On one hand, the predominant paradigm , the Business Case of CSR, identifies strategic considerations for risk reduction, image boosting, competitiveness enhancement, and legitimization (social license to operate) as main factors behind CSR. On the other hand, the holistic camp which encompasses several theories focusing on exogenous factors establishes that host country’s civil society engagement, host government’s relevant regulations, and host country’s participation in relevant international framework account for differences in CSR commitments.