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Yayın Corporate social responsibility and philanthrophy: the missing link. current normative framework and empirical evidence from multinational companies' inveolvment in the refugee crisis(Maltepe Üniversitesi, 2016) Pappalardo, Luca MarcoThe notion of "corporate social responsibility" has been developed by academic literature for decades. National governments, international organizations and researchers gave a number of definitions of "socially responsible" corporations. ln the meantime, the process of economic globalization brought forth corporations as autonomous legal entities and the debate became even more complex due to the concept of "corporate citizenship". Despite a multifaceted theoretical background, there was a common idea: corporations have (or should have) a role in the development of society. Scholars thus began to question the idea that managers should only consider shareholders' interest when managing the company. The Berle-Dodd controversy rose once again and the paradigm of shareholder value was put under scrutiny. A number of alternative models were developed (the enlightened shareholder value or long-term production theory, the team production theory). and they all tackled a common problem: how much should managers take into consideration other stakeholders' interests? Among these stakeholders there are those entitled to social rights, ecological rights and human rights: as such, the debate on CSR strongly intertwined itself with that on stakeholders' interests. ln the first part of this paper l will examine how the aforementioned debate impacted on national and international legislation, as well as corporate codes of ethics (non-binding list of rules that corporations declare to adhere to), in order to assert the current normative framework of CSR standards.