Stakeholder's preference and rational compliance: A comment on Sacconi's “CSR as a model for extended corporate governance II: Compliance, reputation and reciprocity”

Journal of Business Ethics 82 (1):59 - 76 (2008)
Abstract
Lorenzo Sacconi’s recent re-statement of his social contract account of business ethics is a major contribution to our understanding of the normative nature of CSR as the expression of a fair multi-party agreement supported by the economic rationality of each participant. However, at one crucial point in his theory, Sacconi introduces the concept of stakeholders’ conformist preferences – their disposition to punish the firm if it defects from the agreement, refusing to abide by its own explicit CSR policies and norms. We take issue with him over this concept: we show that the assumption of conformist preferences is a moral premise, and it arguably weakens the normativity of the theory as a whole. As an alternative, we propose an evolutionary game theoretic approach. We draw upon recent applications of evolutionary game theory to moral philosophy (Skyrms, Danielson), and we use a computer simulation of the trust game. According to this approach, the failure of the logic of reputation, which is the problem conformist preferences were introduced to solve, is overcome through the dynamics of interaction.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 30,719
External links

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.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles
Some Difficulties in Sacconi's View About Corporate Ethics.Pedro Francés-Gómez - 2003 - Journal of Business Ethics 42 (2):165 - 180.
Added to PP index
2009-01-28

Total downloads
12 ( #389,214 of 2,197,287 )

Recent downloads (6 months)
2 ( #149,012 of 2,197,287 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature