Corporate Social Responsibility, Historical Development, Definitions and Theories Governing It.

Abstract

The ambiguity of the term CSR threatens its distinctive meaning. Despite its long history, there is no universal definition, so it is necessary to understand its progression. In the 1950s, the focus was primarily on corporate responsibility to society and doing good for society. Finally, in the 2000s, CSR definitively became an important strategic issue. First, we'll look at the historical evolution of the concept of CSR, from philanthropy to instrumentality. From the 1950s to the present day, we will discuss the various academic and institutional definitions, and finally explain the theoretical perspectives of CSR in seven categories: the classical vision, legitimacy, stakeholders, agency, institutional, instrumental and resource-independence theories of CSR.