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3 - Incentives, Public Procurement and Market Mechanisms

from Part I - Regulation Concepts, Paradigms and Approaches for Corporate Social Responsibility

Published online by Cambridge University Press:  15 June 2023

Onyeka K. Osuji ,
Franklin N. Ngwu  and
Gary Lynch-Wood
By
Franklin N. Ngwu
Onyeka K. Osuji
Affiliation:
University of Essex
Franklin N. Ngwu
Affiliation:
Pan-Atlantic University Lagos Business School, Nigeria
Gary Lynch-Wood
Affiliation:
University of Manchester School of Law
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Summary

The chapter considers the concept of regulation and a range of regulatory and non-regulatory options, including market and non-market mechanisms that governments have used and can use to advance corporate social responsibility (CSR). It recommends a six-step model for developing a CSR policy framework for governments of developing and emerging countries. The chapter therefore reiterates a more nuanced approach to regulation of CSR than the voluntarism orthodoxy acknowledges.

Keywords

contextualismcorporate governancecorporate social responsibilitydeveloping countriesincentive regulationregulationvoluntarism
Type
Chapter
Information
Corporate Social Responsibility Across the Globe
Innovative Resolution of Regulatory and Governance Challenges
 , pp. 39 - 64
Publisher: Cambridge University Press
Print publication year: 2023

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