Critics of CSR impugn that expending limited resources on the social scene inevitably lessens the competitive status of a firm by unnecessarily increasing its costs. Furthermore, even if a firm has slack resources but no favourable investment chances, and the costs of CSR are not large enough to put the firm at a competitive disadvantage, the firm should still refrain from CSR (Barnett, 2005). CSR, though almost universally practised, is considered by some to be an agency loss; managers pursue CSR for personal gain, not shareholder benefits (Friedman,1970).