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| How Corporate Social Responsibility Leads to Value Creation in Times of Economic Downturn |
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In the past, CSR investments have been argued to be inconsistent with the objective of profit maximization. As a result CSR was limited to risk management and damage control, whereby only mandatory measures were taken.
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The increase of environmental awareness, increasing scarcity of resources and the demand for transparency of operations has led to an increasing popularity of Corporate Social Responsibility (CSR).