A critical perspective on corporate social responsibility Towards a global governance framework

Purpose - The purpose of this paper is to argue that there are structural and functional limits to corporate social responsibility (CSR) that determine the boundary conditions of corporate social initiatives. The current preoccupation with win-win situations in CSR may not serve societal interests....

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Bibliographic Details
Published in:Critical perspectives on international business Vol. 10; no. 1/2; pp. 84 - 95
Main Author: Bobby Banerjee, Subhabrata
Format: Journal Article
Language:English
Published: Bradford Emerald Group Publishing Limited 01.01.2014
Subjects:
Accountability
Boundary conditions
Business
Civil society
Climate change
Constraints
Corporate structure
Decision making
Democracy
Economics
Frame analysis
Global economy
Governance
International agreements
Methodology
Political activism
Political economy
Preoccupation
Rationality
Regulation
Social change
Social responsibility
Society
Stakeholders
Stockholders
ISSN:1742-2043, 1758-6062
Online Access:Get full text
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Summary:Purpose - The purpose of this paper is to argue that there are structural and functional limits to corporate social responsibility (CSR) that determine the boundary conditions of corporate social initiatives. The current preoccupation with win-win situations in CSR may not serve societal interests. For CSR to produce social outcomes that are not necessarily constrained by corporate rationality there needs to be a change in the normative framework of public decision making at the institutional level. The author develops a global governance framework for CSR that provides more democratic forms of decision making in the political economy that will enable corporate social responsibility to overcome the constraints imposed by corporate rationality. Design/methodology/approach - This is a conceptual paper and critique. Findings - The author develops a global governance framework for CSR that provides more democratic forms of decision making in the political economy that will enable corporate social responsibility to overcome the constraints imposed by corporate rationality. Originality/value - The paper contributes to theoretical development of CSR.
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ISSN:1742-2043
1758-6062
DOI:10.1108/cpoib-06-2013-0021