1. Advocates of shareholder capitalism tend to do all of the following EXCEPT:
Argue that “the social responsibility of business is to increase its profits, which leads to efficient capital and product markets.”
Argue that all stakeholders have an equal right to bargain for a “fair deal.”
Believe that the first and foremost stakeholder group is shareholders.
Argue that if firms attempt to attain social goals, managers will lose their focus on profit maximization.
Fear that firms will become like SOEs.
2. CSR tends to be the least concerned with improving:
Global sustainability.
Maximum shareholder wealth.
Rising levels of population.
Inequity
High levels of poverty in some countries.