Academics and practitioners have long debated the justifications for corporate social
responsibility (CSR) and its areas of impact. Many of these discussions highlight CSR’s social,
environmental or corporate governance aspects but neglect another focus that is even more
important to populations that are on the receiving end of a company’s actions – the macroeconomic
effects of CSR on a specific population in a particular locality. This paper discusses
substantive and geographic characteristics of CSR and contributes to the sparse research on
sub-national level impacts