Corporate Social Responsibility (CSR) refers to the ethical and social responsibilities of businesses to society. The article explores the concept of CSR, its development, and the theories that explain why and how businesses engage in CSR activities. It discusses various perspectives, including stakeholder theory, social contracts theory, and legitimacy theory, which help to understand the motivations behind CSR. The article highlights that CSR is not just about profit but also about contributing to the well-being of society. It examines the different views on CSR, ranging from the neo-classical perspective that sees CSR as a secondary responsibility to the moral imperative that businesses have a duty to contribute to social welfare. It also discusses the benefits of CSR, such as enhanced reputation, employee loyalty, and public support. The article reviews the evolution of CSR concepts, from the initial focus on corporate obligations to social betterment to the more recent emphasis on corporate social responsiveness and the ethical basis of managerial decisions. It also discusses the practical aspects of CSR, including the use of stakeholder analysis and the development of performance indicators to assess CSR activities. Theories such as stakeholder theory, social contracts theory, and legitimacy theory are analyzed to explain the motivations and implications of CSR. Stakeholder theory emphasizes the need for businesses to consider the interests of all stakeholders, while social contracts theory suggests that businesses have a societal expectation to act responsibly. Legitimacy theory highlights the importance of maintaining a socially acceptable image and the need for businesses to communicate effectively to achieve this. The article concludes that CSR is a complex and multifaceted concept that involves various theories and practices. It emphasizes the need for businesses to consider the social impact of their activities and to engage in CSR in a way that aligns with ethical and social responsibilities. The ongoing debate and development of CSR concepts reflect the evolving understanding of the role of businesses in society.Corporate Social Responsibility (CSR) refers to the ethical and social responsibilities of businesses to society. The article explores the concept of CSR, its development, and the theories that explain why and how businesses engage in CSR activities. It discusses various perspectives, including stakeholder theory, social contracts theory, and legitimacy theory, which help to understand the motivations behind CSR. The article highlights that CSR is not just about profit but also about contributing to the well-being of society. It examines the different views on CSR, ranging from the neo-classical perspective that sees CSR as a secondary responsibility to the moral imperative that businesses have a duty to contribute to social welfare. It also discusses the benefits of CSR, such as enhanced reputation, employee loyalty, and public support. The article reviews the evolution of CSR concepts, from the initial focus on corporate obligations to social betterment to the more recent emphasis on corporate social responsiveness and the ethical basis of managerial decisions. It also discusses the practical aspects of CSR, including the use of stakeholder analysis and the development of performance indicators to assess CSR activities. Theories such as stakeholder theory, social contracts theory, and legitimacy theory are analyzed to explain the motivations and implications of CSR. Stakeholder theory emphasizes the need for businesses to consider the interests of all stakeholders, while social contracts theory suggests that businesses have a societal expectation to act responsibly. Legitimacy theory highlights the importance of maintaining a socially acceptable image and the need for businesses to communicate effectively to achieve this. The article concludes that CSR is a complex and multifaceted concept that involves various theories and practices. It emphasizes the need for businesses to consider the social impact of their activities and to engage in CSR in a way that aligns with ethical and social responsibilities. The ongoing debate and development of CSR concepts reflect the evolving understanding of the role of businesses in society.