The New Political Role of Business in a Globalized World: A Review of a New Perspective on CSR and its Implications for the Firm, Governance, and Democracy

Détails

ID Serval
serval:BIB_56B9B7DCCAEF
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
The New Political Role of Business in a Globalized World: A Review of a New Perspective on CSR and its Implications for the Firm, Governance, and Democracy
Périodique
Journal of Management Studies
Auteur⸱e⸱s
Scherer A. G., Palazzo G.
ISSN
0022-2380
Statut éditorial
Publié
Date de publication
06/2011
Peer-reviewed
Oui
Volume
48
Numéro
4
Pages
899-931
Langue
anglais
Résumé
Scholars in management and economics widely share the assumption that business firms focus on profits only, while it is the task of the state system to provide public goods. In this view business firms are conceived of as economic actors, and governments and their state agencies are considered the only political actors. We suggest that, under the conditions of globalization, the strict division of labour between private business and nation-state governance does not hold any more. Many business firms have started to assume social and political responsibilities that go beyond legal requirements and fill the regulatory vacuum in global governance. Our review of the literature shows that there are a growing number of publications from various disciplines that propose a politicized concept of corporate social responsibility. We consider the implications of this new perspective for theorizing about the business firm, governance, and democracy.
Web of science
Open Access
Oui
Création de la notice
26/11/2012 16:15
Dernière modification de la notice
21/08/2019 5:17
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