David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
This paper raises a challenge for those who assume that corporate social responsibility and good corporate governance naturally go hand-in-hand. The recent spate of corporate scandals in the United States and elsewhere has dramatized, once again, the severity of the agency problems that may arise between managers and shareholders. These scandals remind us that even if we adopt an extremely narrow concept of managerial responsibility – such that we recognize no social responsibility beyond the obligation to maximize shareholder value – there may still be very serious difﬁculties associated with the effective institutionalization of this obligation. It also suggests that if we broaden managerial responsibility, in order to include extensive responsibilities to various other stakeholder groups, we may seriously exacerbate these agency problems, making it even more difﬁcult to impose effective discipline upon managers. Hence, our central question: is a strong commitment to corporate social responsibility institutionally feasible? In searching for an answer, we revisit the history of public management, and in particular, the experience of social-democratic governments during the 1960s and 1970s, and their attempts to impose social responsibility upon the managers of nationalized industries. The results of this inquiry are less than encouraging for proponents of corporate social..
|Keywords||No keywords specified (fix it)|
|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
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Joseph Heath & Wayne Norman (2004). Stakeholder Theory, Corporate Governance and Public Management: What Can the History of State-Run Enterprises Teach Us in the Post-Enron Era? Journal of Business Ethics 53 (3):247-265.
Christopher Orpen (1987). The Attitudes of United States and South African Managers to Corporate Social Responsibility. Journal of Business Ethics 6 (2):89 - 96.
Rama B. Rao (2007). Good Corporate Governance Initiative to Ensure Corporate Social Responsibility. International Corporate Responsibility Series 3:395-414.
Rama B. Rao (2007). Good Corporate Governance Initiative to Ensure Corporate Social Responsibility: A Study of the State of the Art in Rwanda. International Corporate Responsibility Series 3:395-414.
Jacquie L'Etang (1994). Public Relations and Corporate Social Responsibility: Some Issues Arising. [REVIEW] Journal of Business Ethics 13 (2):111 - 123.
Jacquie L'Etang (1995). Ethical Corporate Social Responsibility: A Framework for Managers. [REVIEW] Journal of Business Ethics 14 (2):125 - 132.
Delvin D. Hawley (1991). Business Ethics and Social Responsibility in Finance Instruction: An Abdication of Responsibility. [REVIEW] Journal of Business Ethics 10 (9):711 - 721.
Moses L. Pava & Joshua Krausz (1997). Criteria for Evaluating the Legitimacy of Corporate Social Responsibility. Journal of Business Ethics 16 (3):337-347.
Rafik Z. Elias (2004). An Examination of Business Students' Perception of Corporate Social Responsibilities Before and After Bankruptcies. Journal of Business Ethics 52 (3):267-281.
David Ohreen (2012). Corporate Social Responsiblity: Concepts and Normative Ethics. International Journal of Management Concepts and Philosophy 6 (4):242-255.
Sean Valentine & Gary Fleischman (2008). Professional Ethical Standards, Corporate Social Responsibility, and the Perceived Role of Ethics and Social Responsibility. Journal of Business Ethics 82 (3):657 - 666.
Elsa González (2002). Defining a Post-Conventional Corporate Moral Responsibility. Journal of Business Ethics 39 (1-2):101 - 108.
Douglas K. Peterson (2007). Partner Selection for Corporate Social Responsibility Efforts. International Corporate Responsibility Series 3:173-187.
Ali M. Quazi & Dennis O'Brien (2000). An Empirical Test of a Cross-National Model of Corporate Social Responsibility. Journal of Business Ethics 25 (1):33 - 51.
Jacob Dahi Rendtorff (2007). The Idea of Corporate Social Responsibility. The Proceedings of the Twenty-First World Congress of Philosophy 1:111-117.
Added to index2010-12-22
Total downloads8 ( #195,846 of 1,681,635 )
Recent downloads (6 months)1 ( #183,751 of 1,681,635 )
How can I increase my downloads?