Beyond the Bounded Instrumentality in Current Corporate Sustainability Research: Toward an Inclusive Notion of Profitability [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 104 (3):325-345 (2011)
We argue that the majority of the current approaches in research on corporate sustainability are inconsistent with the notion of sustainable development. By defining the notion of instrumentality in the context of corporate sustainability through three conceptual principles we show that current approaches are rooted in a bounded notion of instrumentality which establishes a systematic a priori predominance of economic organizational outcomes over environmental and social aspects. We propose an inclusive notion of profitability that reflects the return on all forms of environmental, social, and economic capital used by a firm. This inclusive notion of corporate profitability helps to redefine corporate profitability as if sustainability matters in that it overcomes the bounded instrumentality that impairs current research on corporate sustainability. We apply this notion to different car manufacturers and develop conceptual implications for future research on corporate sustainability.
|Keywords||Corporate sustainability Corporate objective function Instrumentality Profitability Car industry|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Michael L. Barnett (2005). Stakeholder Influence Capacity and the Variability of Financial Returns to Corporate Social Responsibility. Proceedings of the International Association for Business and Society 16:287-292.
Rob Gray (2001). Thirty Years of Social Accounting, Reporting and Auditing: What (If Anything) Have We Learnt? Business Ethics 10 (1):9–15.
Michael C. Jensen (2002). Value Maximization, Stakeholder Theory, and the Corporate Objective Function. Business Ethics Quarterly 12 (2):235-256.
Reginald A. Litz (1996). A Resource-Based-View of the Socially Responsible Firm: Stakeholder Interdependence, Ethical Awareness, and Issue Responsiveness as Strategic Assets. [REVIEW] Journal of Business Ethics 15 (12):1355 - 1363.
Donald H. Schepers (2003). A Critique of Social Investing's Diversity Measures. Business and Society Review 108 (4):487-508.
Citations of this work BETA
Tobias Hahn, Jonatan Pinkse, Lutz Preuss & Frank Figge (forthcoming). Tensions in Corporate Sustainability: Towards an Integrative Framework. Journal of Business Ethics.
Anselm Schneider (forthcoming). Reflexivity in Sustainability Accounting and Management: Transcending the Economic Focus of Corporate Sustainability. Journal of Business Ethics.
Similar books and articles
Güler Aras & David Crowther (2009). Corporate Sustainability Reporting: A Study in Disingenuity? [REVIEW] Journal of Business Ethics 87 (1):279 - 288.
Alexandro Kleine & Michael von Hauff (2009). Sustainability-Driven Implementation of Corporate Social Responsibility: Application of the Integrative Sustainability Triangle. [REVIEW] Journal of Business Ethics 85 (3):517 - 533.
Hugh M. O'Neill, Charles B. Saunders & Anne Derwinski McCarthy (1989). Board Members, Corporate Social Responsiveness and Profitability: Are Tradeoffs Necessary? [REVIEW] Journal of Business Ethics 8 (5):353 - 357.
Marcel van Marrewijk & Marco Werre (2003). Multiple Levels of Corporate Sustainability. Journal of Business Ethics 44 (2-3):107-119.
Marcel Van Marrewijk & Marco Werre (2003). Multiple Levels of Corporate Sustainability. Journal of Business Ethics 44 (2/3):107 - 119.
Jijun Gao & Pratima Bansal (2013). Instrumental and Integrative Logics in Business Sustainability. Journal of Business Ethics 112 (2):241-255.
David L. Ferguson (2009). Drivers and Inhibitors of Corporate Sustainability Performance in Practice. Proceedings of the International Association for Business and Society 20:121-132.
Ingo Pies & Markus Beckmann, Sustainability by Corporate Citizenship - the Moral Dimension of Sustainability.
Cory Searcy (2012). Corporate Sustainability Performance Measurement Systems: A Review and Research Agenda. [REVIEW] Journal of Business Ethics 107 (3):239-253.
Sungchul Choi & Alex Ng (2011). Environmental and Economic Dimensions of Sustainability and Price Effects on Consumer Responses. Journal of Business Ethics 104 (2):269-282.
Jacob Park (2007). China's Rapid Industrialization and its Sustainability Discontents. International Corporate Responsibility Series 3:365-375.
Marcel Van Marrewijk, Iris Wuisman, Wim De Cleyn, Joanna Timmers, Virgilio Panapanaan & Lassi Linnanen (2004). A Phase-Wise Development Approach to Business Excellence: Towards an Innovative, Stakeholder-Oriented Assessment Tool for Organizational Excellence and CSR. [REVIEW] Journal of Business Ethics 55 (2):83-98.
Marcel Van Marrewijk, Iris Wuisman, Wim De Cleyn, Joanne Timmers, Virgilio Panapanaan & Lassi Linnanen (2004). A Phase-Wise Development Approach to Business Excellence: Towards an Innovative, Stakeholder-Oriented Assessment Tool for Organizational Excellence and CSR. Journal of Business Ethics 55 (2):83 - 98.
Anne T. Lawrence, Gordon Rands & Mark Starik (2009). Corporate Social Responsibility, Citizenship, and Sustainability Officers In Fortune 250 Firms. Proceedings of the International Association for Business and Society 20:68-76.
Teun Hardjono & Peter de Klein (2004). Introduction on the European Corporate Sustainability Framework (ECSF). Journal of Business Ethics 55 (2):99 - 113.
Added to index2011-11-08
Total downloads22 ( #84,736 of 1,139,990 )
Recent downloads (6 months)2 ( #92,708 of 1,139,990 )
How can I increase my downloads?