The social responsibility of the firm: a corporate governance perspective

Alvaro Nascimento*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


This chapter pursues a normative approach to corporate governance, bridging economic theory on the nature of the firm and corporate management strategy. It intends to show that from a welfare economics perspective there is room for improvement if governments are willing to revisit the legal framework and redesign the institutional boundaries of the firm. In concrete, echoing concerns being put forward by the World Economic Forum and other international organisations, it is proposed that the social accountability of the modern corporation and its institutional boundaries should be revisited on legal grounds. A new role for top management is advanced in the context of principal-agent theory.

Original languageEnglish
Title of host publicationResearch anthology on business law, policy, and social responsibility
PublisherIGI Global Publishing
Number of pages21
ISBN (Electronic)9798369320464
ISBN (Print)9798369320457
Publication statusPublished - 21 Dec 2024


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