 However, An article published by the Harvard Law School on Corporate Governance and Financial Regulation lists four advantageous effects of CSR.After scrutinizing the two arguments, we can conclude, with the help of Harvard Law School's findings, Corporate Social Responsibility and Corporate Financial Performance have a positive correlation.Moreover, by participating in CSR implementation, as Friedman discourages, we can increase profits and competitive advantage, while still maintaining the commitment we swore to uphold to all stakeholders.