Conch Corporation, a global oil and gas company, plans to open a subsidized postsecondary vocational school in the town of Cristen, where one of its offices is situated. The plan is put to vote and then approved despite some objection from shareholders. The school is being opened in collaboration with the local government. Its objective is to help the youth of the neighborhood, especially dropouts, learn a vocational skill. What social responsibility theory describes Conch Corporation's move to open the school?

Question

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Corporate citizenship theory is described by Conch Corporation's move to open the school, as it reflects the company's commitment to ethical behavior, social investment, and responsibility towards the community, beyond its economic and legal obligations.

Conch Corporation, a Global Oil and Gas Company, Plans to Open