Gretchen Crosby Sims
Social Responsibility and the Political Power of American Business
Sims’s dissertation examined the rise of corporate social responsibility (CSR) among America’s most powerful companies as a source of political power. In recent years, many companies have embraced the notion of CSR and invested significant resources in strengthening their communities, supporting their employees, protecting the environment, and making philanthropic contributions. She argued that many of the things firms do in the name of CSR represent the provision of public goods, the practice of self-regulation, or the giving of politically valuable philanthropic gifts. These activities can give firms special standing with three groups of political actors: legislators, regulators, and other interest groups.