Who among the following has not given a model on Corporate Social Responsibility (CSR)?

This question was previously asked in
UGC NET Paper 2: Management July 2018
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  1. Walker
  2. Friedman
  3. Ackerman
  4. Carroll

Answer (Detailed Solution Below)

Option 1 : Walker
Free
UGC NET Paper 1: Held on 21st August 2024 Shift 1
50 Qs. 100 Marks 60 Mins

Detailed Solution

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The correct answer is Walker.

Key Points 

  • Corporate Social Responsibility (CSR) is a self-policing corporate model that enables companies to be accountable to its stakeholders and the general public while also being socially responsible.
  • Over the years, a number of CSR models have been developed.

Important Points

  • James E. Walker proposed a theory on the dividend policy of a company. It states that a company’s dividend policy depends on the internal rate of return [r] and capital (k) cost.

Additional Information

  • Friedman argued in favour of a straightforward version of capitalism and opposed any actions that might stifle economic freedom.
  • Model of Carroll's CSR pyramid is One of the top CSR models is this one. It is officially referred to as the Carroll's four-part pyramid model. the model
  • The Ackerman Model is a good alternative to traditional, old-school negotiating schools of thought. It’s an offer-counteroffer system, but it crucially avoids the counterproductive “split the difference” approach that dissatisfies both parties. 

Hence, the correct answer is Walker.

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