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Opportunities and Problems of Standardized Ethics Initiatives – a Stakeholder Theory Perspective
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Gilbert, Dirk Ulrich and Rasche, Andreas (2008) Opportunities and Problems of Standardized Ethics Initiatives – a Stakeholder Theory Perspective. Journal of Business Ethics, Vol.82 (No.3). pp. 755-773. doi:10.1007/s10551-007-9591-1 ISSN 0167-4544.
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Official URL: http://dx.doi.org/10.1007/s10551-007-9591-1
Abstract
This article explains problems and opportunities created by standardized ethics initiatives (e.g., the UN Global Compact, the Global Reporting Initiative, and SA 8000) from the perspective of stakeholder theory. First, we outline differences and commonalities among currently existing initiatives and thus generate a common ground for our discussion. Second, based on these remarks, we critically evaluate standardized ethics initiatives by drawing on descriptive, instrumental, and normative stakeholder theory. In doing so, we explain why these standards are helpful tools when it comes to ‘managing’ stakeholder relations but also face considerable limitations that can eventually hamper their successful expansion. We suspect that this discussion is necessary to conduct meaningful empirical research in the future and also to provide managers with a more clear-cut picture about a successful application of such initiatives. Third, we outline possible ways to cope with the identified problems and thus demonstrate how standard-setting institutions can improve the initiatives they offer.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Warwick Business School > International Centre for Governance & Public Management Faculty of Social Sciences > Warwick Business School |
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Journal or Publication Title: | Journal of Business Ethics | ||||
Publisher: | Springer Netherlands | ||||
ISSN: | 0167-4544 | ||||
Official Date: | 2008 | ||||
Dates: |
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Volume: | Vol.82 | ||||
Number: | No.3 | ||||
Number of Pages: | 19 | ||||
Page Range: | pp. 755-773 | ||||
DOI: | 10.1007/s10551-007-9591-1 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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