Modelling the firm in its market and organizational environment: methodologies for studying corporate social responsibility
Crouch, Colin, 1944-. (2006) Modelling the firm in its market and organizational environment: methodologies for studying corporate social responsibility. Organization Studies, Vol.27 (No.10). pp. 1533-1551. ISSN 0170-8406Full text not available from this repository.
Official URL: http://dx.doi.org/10.1177/0170840606068255
The study of corporate social responsibility (CSR) can best be mainstreamed within the wider social science literature if it is defined as firms voluntarily assuming responsibility for their externalities, thereby setting the puzzle of how this can be reconciled with the maximization of shareholder value as the central challenge of the subject. Means of resolving the puzzle require modelling the firm interacting with its environment as both a market actor and as an organization, and in particular through the interaction between these two. Such an approach has no need of a separate concept of 'stakeholders'. The analysis develops through the firm's relations with actual and potential political action (raising the separate issue of corporate citizenship), and the tastes of consumers, investors and employees-the last raising interesting implications for principal-agent theory.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management|
|Divisions:||Faculty of Social Sciences > Warwick Business School|
|Journal or Publication Title:||Organization Studies|
|Publisher:||Sage Publications Ltd.|
|Official Date:||October 2006|
|Number of Pages:||19|
|Page Range:||pp. 1533-1551|
|Access rights to Published version:||Restricted or Subscription Access|
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