Environmental Protection and the Social
Responsibility of Firms: Perspectives from Law, Economics,
Johns Hopkins University Press, 2005.
Robert N. Stavins,
Albert Pratt Professor of
Business and Government, John F. Kennedy School of
Bruce L. Hay,
Harvard Law School.
Richard H. K.
Vietor, Senator John Heinz Professor of
Environmental Management, Harvard Business School.
"Obviously firms should
obey the law. But beyond what the law requires, do firms
have social responsibilities to commit additional resources
to environmental protection -- to sacrifice profits in the
social interest? May they, given their fiduciary
responsibilities to shareholders? Can they on a sustainable
basis, given the forces of a competitive marketplace? Should
they, that is, will such behavior be socially efficient? And
do they, in fact, already behave this way?
This book provides the first comprehensive examination of
all four questions, by bringing together the perspectives of
law, economics, and business" -- from the Publisher.