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

Détails

ID Serval
serval:BIB_03E3A426613B
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Global rules and private actors: Toward a new role of the transnational corporation in global governance
Périodique
Business Ethics Quarterly
Auteur⸱e⸱s
Scherer A., Palazzo G., Baumann D.
ISSN
1052-150X
Statut éditorial
Publié
Date de publication
2006
Peer-reviewed
Oui
Volume
16
Numéro
4
Pages
505-532
Langue
anglais
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
Résumé
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
Création de la notice
19/11/2007 9:27
Dernière modification de la notice
20/08/2019 12:25
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