Global rules and private actors: Toward a new role of the transnational corporation in global governance

Details

Serval ID
serval:BIB_03E3A426613B
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Global rules and private actors: Toward a new role of the transnational corporation in global governance
Journal
Business Ethics Quarterly
Author(s)
Scherer A., Palazzo G., Baumann D.
ISSN
1052-150X
Publication state
Published
Issued date
2006
Peer-reviewed
Oui
Volume
16
Number
4
Pages
505-532
Language
english
Notes
Reprinted as the lead article in a collection on seminal CSR papers: Andrew Crane & Dirk Matten (eds), CSR in a global context, Sage Publications, 2007
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.
Web of science
Create date
19/11/2007 9:27
Last modification date
20/08/2019 12:25
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