Affiliation:
1. University of Alicante, Spain
Abstract
The research aims to analyze the different theoretical perspectives under which corporate social responsibility (CSR) has been analyzed. Based on the narrative review conducted, five motivations have been identified that drive the implementation of CSR practices: (1) the alignment of interests between agents and principal, (2) the satisfaction of stakeholder demands, (3) compliance with the institutional context, (4) obtaining a competitive advantage, and (5) maintaining congruence between the objectives of society and the objectives of the organization. These objectives are not mutually exclusive, but complementary. Thus, the reason why organizations develop CSR practices can be an accumulation of the five factors mentioned above.