Accountable Capitalism, Responsible Capitalism, and Political Capitalism

2019 ◽  
Vol 30 ◽  
pp. 12-25
Author(s):  
Duane Windsor ◽  
Keyword(s):  
Value Creation ◽  
Stakeholder Management ◽  
Political Crisis ◽  
Governance Reform ◽  
Political Csr ◽  
Political Corporate Social Responsibility ◽  
Corporate Governance Reform ◽  
Political Capitalism ◽  
Corporate Social ◽  
The Relationship

This paper compares three recent prescriptive proposals for practicing capitalism: Accountable Capitalism (Senator Elizabeth Warren), Responsible Capitalism (Professor R. Edward Freeman), and Political Corporate Social Responsibility (Professors Andreas Scherer and Guido Palazzo and colleagues). Warren’s Accountable Capitalism is a corporate governance reform proposal. Freeman’s Responsible Capitalism prescribes effective stakeholder management through entrepreneurial value creation. Political CSR (expanded here to Political Capitalism) is a prescription for democratization inside and outside of businesses and provision of public goods in instances of governmental incompetence. The rationale for this examination is the possibility of political crisis in the relationship between democracy and capitalism.

The Business Case for Corporate Social Responsibility

2009 ◽  
Author(s):  
Elizabeth C. Kurucz ◽  
Barry A. Colbert ◽  
David Wheeler
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Value Creation ◽  
Business Case ◽  
Value Propositions ◽  
Corporate Social ◽  
The Relationship

The purpose of this article is to provide a general summary of the key value propositions evident in the research on the business case for corporate social responsibility (CSR), described as four general ‘types’ of the business case, or four modes of value creation. It then presents a critique of these approaches (including identifying some problems inherent in the construct of CSR itself) and offers some principles for constructing a ‘better’ business case. Its intent is not to conduct a thorough review of studies analyzing the relationship between CSR and financial performance, as that has been well done elsewhere. Rather it seeks to unearth assumptions underlying dominant approaches in an effort to build a more robust business case for CSR that can move beyond existing limitations.

Pluralism in Political Corporate Social Responsibility

2012 ◽  
Vol 22 (4) ◽  
pp. 649-678 ◽  
Author(s):  
Jukka Mäkinen ◽  
Arno Kourula
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Classical Liberalism ◽  
Political Systems ◽  
Political Role ◽  
Political Csr ◽  
Political Corporate Social Responsibility ◽  
Political Theories ◽  
Corporate Social

ABSTRACT:Within corporate social responsibility (CSR), the exploration of the political role of firms (political CSR) has recently experienced a revival. We review three key periods of political CSR literature—classic, instrumental, and new political CSR—and use the Rawlsian conceptualization of division of moral labor within political systems to describe each period’s background political theories. The three main arguments of the paper are as follows. First, classic CSR literature was more pluralistic in terms of background political theories than many later texts. Second, instrumental CSR adopted classical liberalism and libertarian laissez-faire as its structural logic. Third, new political CSR, based on a strong globalist transition of responsibilities and tasks from governments to companies, lacks a conceptualization of division of moral labor that is needed to fully depart from a classical liberalist position. We end by providing a set of recommendations to develop pluralism in political CSR.

Political CSR initiatives as levers of marginalisation

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Clara Roussey ◽  
Nicolas Balas ◽  
Florence Palpacuer
Keyword(s):  
Design Methodology ◽  
Mining Industry ◽  
Environmental Issues ◽  
Content Type ◽  
Transformative Potential ◽  
Political Csr ◽  
Political Corporate Social Responsibility ◽  
Multi Stakeholder ◽  
Corporate Social

Purpose The transformative potential of CSR is a far-reaching question. It has been analysed through the lens of the inclusion of stakeholders concerned by social and environmental issues in political CSR fora such as multi-stakeholder initiatives or, on the contrary, their exclusion from these processes. This paper aims to highlight the transformation or status quo produced by political corporate social responsibility (PCSR) initiatives, the extent of transformation being a function of the degree of inclusiveness, or conversely of exclusion, of these initiatives. From a promise of inclusion to the inability of corporate-society fora to act on the actual levers of marginalisation, PCSR scholars have developed contrasted views on these initiatives. Design/methodology/approach This led us to elaborate a hypothesis that such initiatives intrinsically act as levers in the recurring marginalisation of directly affected stakeholders. Drawing on an empirical study of the CSR discourses of mining industry stakeholders – both corporations and civil society – involved in an informal multi-stakeholder initiative, this paper discusses the disconnect between its representatives and the needs of the directly affected stakeholders. Findings To explore this disconnect, the authors draw on the voices and causes framework developed by Boltanski et al. (1984), which provided us with a relational system involving victims, guilty parties, complainants and judges. Originality/value Accordingly, the authors highlight a set of three interrelated marginalisation mechanisms (i.e. the capture of the role of the judge by PCSR initiatives, the side-lining of victims’ needs by complainants, the intertwining of the guilty party and the judge), which empirically support the lack-of-inclusiveness hypothesis.

scholarly journals Peran Corporate Social Responsibility dan Tax Avoidance dalam Mempengaruhi Good Corporate Governance terhadap Value Creation

2019 ◽  
Vol 8 (2) ◽  
pp. 146
Author(s):  
Yenni Mangoting ◽  
Jennifer Priscilla Badalu ◽  
Venny Agustine Gozal ◽  
Stephen Widjaya Pranata
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Value Creation ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Good Corporate Governance ◽  
Analysis Technique ◽  
Corporate Social ◽  
The Relationship

<p>ABSTRAK</p><p>Penelitian bertujuan untuk menguji apakah tanggung jawab sosial perusahaan dan penghindaran pajak dapat memediasi hubungan tata kelola perusahaan dengan penciptaan nilai. Teknik analisis data yang digunakan adalah regresi linear berganda dengan sampel 573 perusahaan multi-sektor yang terdaftar di BEI. Hasil penelitian menunjukkan bahwa kegiatan tanggung jawab sosial perusahaan, penghindaran pajak, dan tata kelola perusahaan berpengaruh pada penciptaan nilai. Selain itu, penghindaran pajak dapat memediasi hubungan antara tata kelola perusahaan terhadap penciptaan nilai. Di sisi lain, penelitian ini membuktikan bahwa penerapan tanggung jawab sosial perusahaan tidak berdampak pada hubungan antara tata kelola perusahaan yang baik dan penciptaan nilai.</p><em>ABSTRACT</em><br /><p><em>This study aims to examine whether corporate social responsibility and tax avoidance can mediate the relationship between corporate governance and value creation. The data analysis technique used is multiple linear regression with a study sample of 573 multi-sector companies </em>that listed<em> on the Indonesia Stock Exchange. The results of the study show that corporate social responsibility activities, tax avoidance, and corporate governance have an effect on value creation. Furthermore, tax avoidance can mediate the relationship between corporate governance and the proportion of value. On the other hand, this research shows that corporate social responsibility does not affect the relationship between good corporate governance and value creation.</em></p>

scholarly journals Methods of stakeholder prioritisation in the context of stakeholder management

2019 ◽  
Author(s):  
Aleksey Mints ◽  
Evelina Kamyshnykova
Keyword(s):  
Stakeholder Management ◽  
Stakeholder Analysis ◽  
Priority Level ◽  
External Stakeholders ◽  
Integral Assessment ◽  
Method Of Evaluation ◽  
Corporate Social ◽  
Subjective Estimates ◽  
The Relationship ◽  
Selection Of

Purpose – the purpose of this paper is to propose a method for integral assessing the priority level of specific stakeholders in the model of stakeholder management. Research methodology – the paper develops ideas of matrix approach to assessing the priority level of individual stakeholders and proposes a method for obtaining more accurate integral assessment based on analysis of a set of indicators, taking into account factors of subjective estimates. Findings – the integral assessment of the priority level of specific external stakeholders improves estimates’ accuracy and provides a practical framework for the development of successful corporate social responsibility strategies. It has been substantiated by the application of the proposed method for prioritising suppliers of a large Ukranian metallurgical company. Research limitations – there are requirements for a linear or quasi-linear nature of the relationship between the numerical value of the stakeholder’s priority index and its interpretation on a “better to worse” scale within the framework of the proposed method of evaluation. Practical implications – integral assessments of stakeholder priority obtained from the results of the proposed method can be used as a tool for reasonable comparison, selection of strategic stakeholders and building programs for interaction with them. Originality/Value – unlike most existing methods of stakeholder analysis representing a generic list of priority stakeholder groups the method proposed in the paper provides an integral assessment of priority level of specific stakeholders from the category of the immediate environment through a system of indicators, taking into account factors of subjectivity

Corporate Social Responsibility Practice from 1800–1914: Past Initiatives and Current Debates

2015 ◽  
Vol 25 (1) ◽  
pp. 125-141 ◽  
Author(s):  
Bryan W. Husted
Keyword(s):  
United States ◽  
Nineteenth Century ◽  
Corporate Social Responsibility ◽  
World War I ◽  
Social Responsibility ◽  
Stakeholder Management ◽  
Self Regulation ◽  
The United States ◽  
Political Csr ◽  
Corporate Social

ABSTRACT:The history of the practice of corporate social responsibility (CSR) has largely been limited to the twentieth century, with a focus on the United States. This paper provides a brief introduction to CSR practice from the nineteenth century through World War I in the United Kingdom, United States, Japan, India, and Germany. The relevance of nineteenth-century CSR to current debates and research regarding the motivations for CSR, the business cases for CSR, stakeholder management, political CSR, industry self-regulation, and income inequality are also discussed.

Varieties of Deliberation: Framing Plurality in Political CSR

2021 ◽  
pp. 1-30
Author(s):  
Cedric E. Dawkins
Keyword(s):  
Political Philosophy ◽  
Corporate Social Responsibility ◽  
Speech Acts ◽  
Labor Relations ◽  
The Political ◽  
Political Csr ◽  
Political Corporate Social Responsibility ◽  
Corporate Social ◽  
Modes Of Engagement ◽  
Extended Notion

This article argues that the concept of deliberation is construed too narrowly in political corporate social responsibility (CSR) and that a concept of deliberation for political CSR should err toward useful speech acts rather than reciprocity and charity. It draws from the political philosophy, labor relations, and business ethics literatures to outline a framework for an extended notion of deliberative engagement. The characters of deliberative behavior and deliberative environment are held to generate four modes of engagement: strategic deliberation, unitarist deliberation, pluralist deliberation, and deliberative activism. The article concludes by arguing that political CSR will be better positioned to realize its potential by moving away from primarily consensus-centered objectives to a more responsive range of deliberative goals and practice.

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