Responsible Firms: Csr, Esg, and Global Sustainability

The purpose of corporations has long been debated, with the traditional view asserting that a firm’s primary responsibility is to maximize shareholder profits. This profit-centric approach is believed to drive efficiency, innovation, and economic growth. However, an evolving perspective argues that corporations have broader responsibilities that include social and environmental considerations, suggesting that corporations should also focus on the well-being of employees, fair wages, and sustainable practices to create positive social impacts and long-term benefits.

Responsible Firms: CSR, ESG, and Global Sustainability examines global contemporary models of the ＂responsible firm＂, investigating how broader social responsibilities are, or are not, integrated and proposing new concepts and frameworks to improve.

International Finance Review publishes theme-oriented volumes on various issues in international finance, such as international business finance, international investment and capital markets, global risk management, international corporate governance and institution, currency markets, emerging market finance, international economic integration, and related issues.

J. Jay Choi is Laura H. Carnell Professor Emeritus of Finance and International Business at Temple University, USA. He is a founding editor of International Finance Review, and was Economist at JP Morgan Chase, and visiting faculty around the world, including Columbia, Wharton, NYU, University of Sydney, KAIST, and IUJ. Jay is internationally renowned as a scholar in international financial management, global corporate governance and finance, corporate risk and capital markets, and Asian business and multinational firms.

Jimi Kim is Senior Lecturer at the School of Management and Governance, The University of New South Wales (UNSW Sydney), Australia. Her research interests include sustainability, corporate governance, and business ethics. Jimi has been exploring what drives organizations to integrate the interests of stakeholders into strategy formulation.