Global rules and private actors: Toward a new role of the transnational corporation in global governance
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Business Ethics Quarterly 16 (4):505-532 (2006)
Abstract: We discuss the role that transnational corporations (TNCs) should play in developing global governance, creating a framework of rules and regulations for the global economy. The central issue is whether TNCs should provide global rules and guarantee individual citizenship rights, or instead focus on maximizing profits. First, we describe the problems arising from the globalization process that affect the relationship between public rules and private firms. Next we consider the position of economic and management theories in relation to the social responsibility of the firm. We argue that instrumental stakeholder theory and business and society research can only partially solve the global governance issue, and that more recent concepts of corporate citizenship and republican business ethics deliver theoretically and practically helpful, fresh insights. However, even these need further development, especially with regard to the legitimacy of corporate political activity.
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Citations of this work BETA
Hoje Jo & Maretno A. Harjoto (2012). The Causal Effect of Corporate Governance on Corporate Social Responsibility. Journal of Business Ethics 106 (1):53-72.
Maretno A. Harjoto & Hoje Jo (2011). Corporate Governance and CSR Nexus. Journal of Business Ethics 100 (1):45 - 67.
Jukka Mäkinen & Eero Kasanen (forthcoming). Boundaries Between Business and Politics: A Study on the Division of Moral Labor. Journal of Business Ethics.
Dorothée Baumann-Pauly, Christopher Wickert, Laura J. Spence & Andreas Georg Scherer (2013). Organizing Corporate Social Responsibility in Small and Large Firms: Size Matters. [REVIEW] Journal of Business Ethics 115 (4):693-705.
Dorothea Baur & Hans Peter Schmitz (2012). Corporations and NGOs: When Accountability Leads to Co-Optation. [REVIEW] Journal of Business Ethics 106 (1):9-21.
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