Benefits resulting from Due Diligence for Responsible Business Report
CSR generates benefits for a business internally as well as for the external stakeholders. However, it is challenging to monetize the benefits of the CSR since much of the benefits are only visible in long run. In addition, the challenge comes from the fact that they are indirectly led to by the positive changes of the CSR (Sino-German, 2012). On the other hand, whether firms are likely and able to practice the CSR is highly dependent on their managers’ incentives as well as constraints that are in turn determined by their preferences, contracts, ethical beliefs and objectives. The major ...