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corporate social responsibility in the 21st century a view
Corporate Social Responsibility
in the 21st Century: A View
Jamie Snider
from the World’s Most
Ronald Paul Hill
Successful Firms Diane Martin
ABSTRACT. This investigation is motivated by the Heresniak, 2002). Such scandals may have exac-
lack of scholarship examining the content of what erbated recent events such as the 9/11 disaster,
firms are communicating to various stakeholders the economic downturn, and the war with Iraq,
about their commitment to socially responsible behav- causing investors to abandon the stock market
iors. To address this query, a qualitative study of the in search of alternative investment opportunities.
legal, ethical and moral statements available on the
In the aftermath of these egregious acts, the
websites of Forbes Magazine’s top 50 U.S. and top 50
business community should be rethinking its
multinational firms of non-U.S. origin were analyzed
within the context of stakeholder theory. The results responsibilities to the various publics concerned
are presented thematically, and the close provides with its operations. The call for reform is evident
implications for social responsibility among managers within the broadcast media, academic research,
of global organizations as well as researchers interested and the popular business press (see Gibbs, 2002;
in business ethics. Maignan and Ralston, 2002
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