Corporate social responsibility: Exploring stakeholder relationships and programme reporting across leading FTSE companies [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 61 (1):7 - 28 (2005)
Although it is now widely recognised by business leaders that their companies need to accept a broader responsibility than short-term profits, recent research suggests that as corporate social responsibility (CSR) and social reporting become more widespread, there is little empirical evidence of the range of stakeholders addressed through their CSR programmes and how such programmes are reported. Through a CSR framework which was developed in an exploratory study, we explore the nature of stakeholder relationships reported across leading FTSE companies and the importance they attach to communicating both social and business outcomes. It is evident from the hypotheses tested that the bigger FTSE companies, particularly extraction companies and telecoms, are more adept at identifying and prioritising their stakeholders, and linking CSR programmes to business and social outcomes. However, we draw the general conclusion that building stronger stakeholder relationships through CSR programmes – other than with customers – is not currently a priority for most companies. We also conclude that a limited sophistication in managing multiple stakeholders may compromise the impact of CSR upon business and social results. Finally, the managerial implications and the contribution of our study are discussed before closing with an acknowledgement of the limitations of this work and suggestions for further research.
|Keywords||corporate social responsibility leading FTSE companies stakeholder relationships social and business outcomes|
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References found in this work BETA
Bradley K. Googins & Steven A. Rochlin (2000). Creating the Partnership Society: Understanding the Rhetoric and Reality of Cross‐Sectoral Partnerships. Business and Society Review 105 (1):127-144.
Citations of this work BETA
Dima Jamali (2008). A Stakeholder Approach to Corporate Social Responsibility: A Fresh Perspective Into Theory and Practice. [REVIEW] Journal of Business Ethics 82 (1):213 - 231.
Carmelo Reverte (2009). Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms. Journal of Business Ethics 88 (2):351 - 366.
Dilek Cetindamar (2007). Corporate Social Responsibility Practices and Environmentally Responsible Behavior: The Case of the United Nations Global Compact. [REVIEW] Journal of Business Ethics 76 (2):163 - 176.
Stephen Chen & Petra Bouvain (2009). Is Corporate Responsibility Converging? A Comparison of Corporate Responsibility Reporting in the USA, UK, Australia, and Germany. Journal of Business Ethics 87 (1):299 - 317.
Peggy Simcic Brønn & Deborah Vidaver-Cohen (2009). Corporate Motives for Social Initiative: Legitimacy, Sustainability, or the Bottom Line? [REVIEW] Journal of Business Ethics 87 (1):91 - 109.
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