Field Of Corporate Social Responsibility Research Articles

What environmental social responsibility practices do large companies manage for sustainable development?

AbstractCurrently, the debate on corporate social responsibility (CSR) and the strategies implemented by organizations to disseminate their business actions, fuels the discussion on aspects that point to sustainable development. To show their CSR strategies, one of the mechanisms used by companies is the presentation of sustainability reports. In this work, we have modified the analysis approach traditionally used to demonstrate the characteristic factors of transparency in the field of CSR. Specifically, we focus on analyzing which indicators are the least disclosed by companies. Within this framework, the objective of this work is to analyse the practices of dissemination of environmental information based on the sustainability reports of the global reporting initiative produced by large companies, in order to establish differences and similarities in corporate social responsibility. The results obtained for a sample of 80 large companies and 67 multinational enterprises (MNEs) indicate a slight difference in the disclosure of environmental indicators. Concretely, the results reveal that 56.12% of environmental indicators are not disclosed by large companies; while, in MNEs, 51.23% of these indicators are not reported. In large companies, the greatest deficiencies in the disclosure of environmental information correspond to the categories of biodiversity, environmental grievance mechanisms, and effluents and waste. In the case of MNEs, the least disclosed categories are biodiversity, environmental grievance mechanisms, and environmental protection expenditures and investments (overall).

Sustainability empowerment in the workplace: determinants and effects

There is a dynamic stream of research, which examines why and how employees contribute and respond to corporate social responsibility (CSR). Building on these micro-CSR findings, this article makes a contribution to a better understanding of employee engagement in CSR by considering its determinants and effects. The research centres around the established motivational concept of psychological empowerment in the workplace and applies it to sustainability. The authors propose a model of sustainability empowerment in the workplace (SEW) and empirically test the construct in a comprehensive framework. Results indicate that the sustainability-orientation of employees and the perceived organisational support towards sustainability act as two valid determinants of SEW. It is also shown that SEW has positive effects on job satisfaction and organisational commitment. Further results indicate that the sustainability-orientation of employees plays an important role as a moderator in the relationship between SEW and its effects. In the overall view, the paper contributes to micro-CSR research by showing that SEW is a valid construct that helps to answer why and how employees engage in CSR activities and what positive effects arise therefrom for organisations. The authors give an overview of these contributions and discuss the implications for researchers and practitioners in the field of CSR and HRM.

Let Me Show You the World in My Eyes: Reviewing Corporate Social Responsibility Literature Reviews

Low-paradigm interdisciplinary research fields such as corporate social responsibility (CSR) are characterized by a lack of consensus about their boundaries and content, which makes the capture of their evolution challenging. Building on social studies of science, this paper conceptualizes literature reviews as re-presentations—i.e. deliberate attempts at defining research priorities, building relevant categorizations to organize fields, and shaping their development—that can help tracking long-time shifts in fields. To study the evolution of CSR re-presentations, we conduct a systematic review of 48 CSR literature reviews from 1975 until 2019. Our results show that: (a) the CSR field purposes have shifted from ambitious searches for paradigmatic integration with broad constructs to the specification of CSR subfields; (b) a few recurrent field categorizations imposed themselves as taken-for-granted ways of classifying CSR studies, but also created blind-spots in light of the fast-paced epistemological diversification of CSR studies; and (c) most early field calls for new orientations (e.g. search for a unique paradigm) have failed to shape the field, whereas a few recent ones have quickly delivered (e.g. micro-CSR shift).

Gamification as a Tool for Improving the Didactic Process

For a long time, game elements were used in economics. It has already been proven that the use of gamification in marketing is a regular and successful technique with a future to create a brand experience and involve not only customers but also stakeholders in the field of corporate social responsibility. However, gamification began to enter the educational environment, mainly due to the effort to motivate students as well as customers of companies. The aim of the paper is to focus on the concept of gamification only in the didactic educational context, to summarize the benefits and disadvantages of this attribute as a whole. The paper presents a summary and analysis of various secondary data of scientific as well as practical nature.

The Performativity of Literature Reviewing: Constituting the Corporate Social Responsibility Literature Through Re-presentation and Intervention

Although numerous books and articles provide toolkit approaches to explain how to conduct literature reviews, these prescriptions regard literature reviewing as the production of representations of academic fields. Such representationalism is rarely questioned. Building on insights from social studies of science, we conceptualize literature reviewing as a performative endeavor that co-constitutes the literature it is supposed to “neutrally” describe, through a dual movement of re-presenting—constructing an account different from the literature, and intervening—adding to and potentially shaping this literature. We discuss four problems inherent to this movement of performativity— description, explicitness, provocation, and simulacrum—and then explore them through a systematic review of 48 reviews of the literature on corporate social responsibility (CSR) for the period 1975 to 2019. We provide evidence for the performative role of literature reviewing in the CSR field through both re-presenting and intervening. We find that reviews performed the CSR literature and, accordingly, the field’s boundaries, categories, and priorities in a self-sustaining manner. By reflexively subjecting our own systematic review to the four performative problems we discuss, we also derive implications of performative analysis for the practice of literature reviewing.

Społeczna odpowiedzialność biznesu i społeczna odpowiedzialność nauki – w poszukiwaniu analogii

The aim of the article is to identify the analogy between corporate social responsibility (CSR) and science social responsibility (SSR) on the basis of scientific research. Five research questions were formulated regarding trends in research in these two areas. Data for analyzes were obtained from the global bibliographic database Scopus and related to scientific articles from 1937 to 2019. The main analogies were identified. Scientific research in both areas began in the same period and is carried out mainly in social and management sciences. However, discrepancies have also been identified. Research on CSR has developed far more than SSR, which is still at an early stage of development. Research on CSR is conducted in leading countries in the scientific and academic arena, and SSR rather in countries entering it. CSR has knowledge sharing platforms in the form of reputable, profiled journals, while SSR research is published in journals of lower reputation and with general rather than strictly SSR profiles. Research in the field of CSR is detailed and more often cited, while those related to SSR are general and less frequently cited. After all, research from both areas seems to be promising and worth further development.

The Implementation of Two – Dimensional Model of Corporate Social Responsibility in Serbian Companies

The aim of the paper is to point out the possibilities of measuring the effects of corporate social responsibility (CSR) on the basis of two - dimensional model, developed by Quazi Ali M. and O’Brien D. (2000). The problem of measuring the effects of CSR occurs mainly due to the fact that it is difficult to estimate how qualitative factors contribute to competitiveness. The two-dimensional CSR model measures the corporate social responsibility from two perspectives. One is the company’s approach towards society, while another represents the cost / benefit ratio of CSR. Therefore, the model belongs to the category of socio-economic models. 
 In order to make a contribution towards the further researching of the model application, the empirical test have been made on the sample of 33 companies in Serbia. According to Quazi Ali M. and O'Brien D., the survey was based on a questionnaire consisting of 25 statements that covered significant issues in the field of corporate social responsibility. Factor analysis was used as a statistical method in the research.

Beyond Good Intentions: Designing CSR Initiatives for Greater Social Impact

Are corporate social responsibility (CSR) initiatives providing the societal good that they promise? After decades of CSR studies, we do not have an answer. In this review, we analyze progression of the CSR literature toward assessing the performance of CSR initiatives, identify factors that have limited the literature’s progress, and suggest a new approach to the study of CSR that can overcome these limits. We begin with comprehensive bibliometric mapping illustrating that although social impact has infrequently been its explicit focus, the CSR literature has measured outcomes other than firm performance, especially in the current decade. Thereafter, we conduct a more fine-grained analysis of recent CSR studies. Adapting a logic model framework, we show that even the most highly cited studies have stopped short of assessing social impact, often measuring CSR activities rather than impacts and focusing on benefits to specific stakeholders rather than to wider society. In combination, our analyses suggest that assessment of the performance of CSR initiatives has been driven by the availability of large, public secondary data sources. However, creating more such databases and turning to “big data” analyses are inadequate solutions. Drawing from the impact evaluation literature of development economics, we argue that the CSR field should reconceive itself as a science of design in which researchers formulate CSR initiatives that seek to achieve specific social and environmental objectives. In accordance with this pursuit, CSR researchers should move toward “small data” research designs, which will enable studies to better determine causation rather than just identify correlation.

Influence of virtual CSR gamification design elements on customers’ continuance intention of participating in social value co-creation

PurposeThe purpose of this paper is to investigate the effect of gamification design elements of virtual corporate social responsibility (CSR) game on customers’ continuance intention to participate in social value co-creation and the mediation effect of psychological benefit.Design/methodology/approachThree scenario simulation experiments of the between-subjects design were conducted to examine the influencing mechanism of reward mechanism of virtual CSR game on customers’ continuance intention to participate in social value co-creation.FindingsThe findings indicated that: there are significant differences between the effect of behavior-based reward and result-based reward on customers’ continuance intention to participate in social value co-creation; the psychological benefit plays a moderating role between game reward mechanism and customers’ intention to continuously participate in social value co-creation; the game narrative mode plays a moderating role in the influence of game reward mechanism on customers’ intention to continuously participate in social value co-creation; the background for game placement moderates the interactions of game narrative mode and game reward mechanism on customers’ continuance intention to participate in social value co-creation, namely there is significant interaction of gamification design elements on psychological benefit and customers’ continuance intention to participate in social value co-creation.Research limitations/implicationsThis research has the following limitations. First, restricted by research conditions, the game scene, as the experiment material, can only be exposed to the participants in the form of text, thus customers’ psychological benefit (especially the entertainment experience) may be affected. Second, theoretical argument and literature support were not enough when the authors put forward the research hypotheses, due to the lack of research on the application of gamification in the CSR field. Third, considering the complexity, the authors took the psychological benefit as a unidimensional variable, in this research; it may be funnier to divide it into three variables. Finally, because the game design elements form into a virtual customer environment that jointly influences customers’ psychological benefit, the method of qualitative comparative analysis can be considered in future research.Practical implicationsIt provides insights for marketers on the planning and design of a CSR strategy. The conclusions of this research have a certain guiding significance to the formulation of CSR strategy and the practice of social value co-creation. First, enterprises can apply gamification to the design of virtual CSR projects to promote customers’ continuance intention to participate in social value co-creation. Second, on the consideration of customers’ psychological benefit, enterprises should reasonably match such game design elements as game placement background, game narrative mode and game reward mechanism, when designing a virtual CSR game, so as to promote customers continuously participating in a virtual CSR project.Social implicationsVirtual CSR projects are in fact the activities that enterprise co-create social value with their stakeholders. So, the research on customers’ continuous participation in virtual CSR projects is helpful for increasing social welfare.Originality/valueThis study confirms the effect of reward mechanism of a virtual CSR game on customers’ continuance intention to participate in social value co-creation from the perspective of customer psychological benefit. It also provides insights for marketers on the planning and design of a CSR strategy.

Social responsibility in supply chain: bibliometric analysis and literature review

The objective of this study is to map academic publications on the subject and the intellectual knowledge contained therein, while covering past research and identifying potential future trends and paths of research in the fields of corporate social responsibility and supply chain management, identifying some of the most relevant research in this field and a selection of the latest trends according to information found in the Web of Science database. It was performed a systematic review of the literature, with a specific focus on drafting maps for visualising an underlying intellectual structure. This analysis encompasses the scope of the articles published and the annual number of citations for the period between 1900 and 2018, as registered by the Web of Science database. The main contribution of this study thus arises from identifying the main research trends in this field and the respective shortcomings and specific opportunities for future research.

Wpływ pandemii COVID-19 na działania CSR podejmowane przez przedsiębiorstwa

Objective : The aim of the study was to show that during the COVID-19 pandemic in Poland, enterprises took action in the field of corporate social responsibility. Research Design & Methods : The data used in this research was collected by analysing the content of posts published on brand profiles on Facebook from March to May 2020 and analysing the data. Findings : The unexpected pandemic required organisations to take specific measures related to corporate social responsibility (CSR). In this article, the author emphasises the importance of Facebook in brand communication with recipients and classifies CSR activities carried out by enterprises operating in various industries that jointly pursued one goal – counteracting the effects of the pandemic. These were such activities as donating funds and basic products, supporting the social campaign #zostanwdomu, producing protective masks, creating new products to support the fight against the pandemic and taking additional preventive actions. Enterprises informed recipients about the initiatives they were taking by publishing posts on their Facebook profiles. Implications / Recommendations : The COVID-19 pandemic has greatly affected both the economic activity of many countries and the daily functioning of society, which limited contact among people and increased communications via digital channels such as social media. The changes resulting from the pandemic also make an essential contribution to the development of CSR by presenting how unforeseen circumstances may compel organisations to take specific measures to create a positive image and support society. Contribution : The presentation of research on the CSR measures taken by enterprises during the COVID-19 pandemic. As a new phenomenon, the COVID-19 pandemic requires wider analysis. This paper helps reduce the cognitive gap.

Mediating Effects of Stakeholders and Supervision on Corporate Social Responsibility

The deficit of mineral resources, the aggravation of environmental problems in the world, the decrease in non-renewable resources determined the increasing role of the responsibility of enterprises for the direct and indirect impact on the economic, environmental and social systems of their functioning. The systematization of scientific work in the field of corporate social responsibility showed the lack of comprehensive studies concerning the nature and strength of the impact of direct and latent factors on enterprises’ compliance with the principles of corporate social responsibility. In this research study, we hypothesized that the common contributing factors for corporate social responsibility benefits in the literature such as institutional pressures, market/societal pressures, and structural support are mediated by the factors of stakeholder influence and supervision effect. The data from an empirical survey of 334 corporate executives were collected to test our hypotheses of mediating effects. The partial least squares structural equation modelling (PLS-SEM) approach was used to test the 11 hypotheses from the research model. The research model is statistically significant with an explanatory power of R2 = 0.468 for the dependent variable CSR benefits. The statistical results show that the direct effects of the three common contributing factors to CSR are not significant. All the standardized path coefficients (β) of direct effects from institutional pressures, market/societal pressures, and structural support to corporate social responsibility benefits are less than 0.1. On the other hand, their effects are significant through the mediating factors of stakeholder influence and supervision. If we characterize stakeholder influence as words and supervision effect as deeds, then words are more significant than deeds (the path coefficient from supervision effect to corporate social responsibility benefits is 0.243, while from stakeholder influence to corporate social responsibility benefits is 0.443). Moreover, if we characterize external pressures as a stick and structural support as carrot, our research results show that stick (0.413 for market/societal pressures, 0.387 for institutional pressures) is more significant than the carrot (0.115) in effectuating corporate social responsibility benefits. Keywords: Corporate Social Responsibility, Stakeholders, Supervision, Mediating Effect, Factors of Influence.

ВЛИЯНИЕ РАЗЛИЧНОЙ ТРАКТОВКИ ОБЩЕУПОТРЕБИМЫХ ПОНЯТИЙ НА ЭФФЕКТИВНОСТЬ ПРОГРАММ КОРПОРАТИВНОЙ СОЦИАЛЬНОЙ ОТВЕТСТВЕННОСТИ

In the article, the authors analyze terms and concepts taken from the English language that are most often used in the analysis of corporate social responsibility (CSR) of companies. The correct use and translation of terminology in business, financial and economic vocabulary is one of the most relevant, but insufficiently studied issues today. At the same time, distortion in the translation of terms leads to an incomplete, and at times fundamentally incorrect interpretation of the concepts themselves. The purpose of this study is to study the etymology and semantic content of terms borrowed from the English language in order to clarify and explain the essence of processes in the field of CSR, as well as assess the impact of incorrect or inaccurate interpretation on the effectiveness of CSR programs.

Sustainable Development and Social Responsibility from an Islamic Perspective

Businesses aim to generate profits and long term wealth for the owners. However, that does not mean they can do whatever it takes to get the maximum profits. Businesses have other secondary purposes including providing goods and services, creating employment and gain maximum profits for its stakeholders including employees, customers, and the community at large. To examine the problems associated with balancing profit-motivated activities and meeting needs and expectations of stakeholders, the current study aims at explaining the concepts of Corporate Social Responsibility (CSR) and sustainable development from an Islamic perspective. The paper employs a grounded theory approach to phenomenological investigation based upon review of published literature in the field of Corporate Social Responsibility (CSR) and sustainable development from Islamic perspectives. Qur’anic quotes and Ahadith (sayings and practices of Prophet Muhammad PBUH) are heavily used to describe best and explain the concepts. In addition, Muslim scholars and Imams have been consulted on some issues for better definitions of Islamic terms and concepts.

Dissecting the empirical-normative divide in business ethics

Purpose This paper aims to probe the limits of the empirical-normative divide as a conceptual framework in business ethics. Design/methodology/approach A systems theory perspective debunks this divide as a false distinction that cannot do justice to the conceptual complexity of the field of corporate social responsibility (CSR) scholarship. Findings Drawing on the systems-theoretic ideas of Niklas Luhmann and the “Laws of Form” by George Spencer Brown, the paper shows that the divide may be dissected into a four-cell matrix constituted by two other distinctions-descriptive vs prescriptive and categorical vs hypothetical-the latter of which was seminally suggested by Donaldson and Preston (1995). Practical implications The emerging four-cell matrix is shown to centrally embrace the multiplicity of normative, empirical and instrumental approaches to CSR. This multiplicity is exemplified by the application of these approaches to the phenomenon of CSR communication. Social implications A more general implication of the proposed argument for the field of business ethics is in tracing the phenomena of moral diversity and moral ambivalence back to the regime of functional differentiation as the distinguishing feature of the modern society. This argument drives home the point that economic operations are as ethical or unethical as political operations, and that both economic and political perspectives on ethical issues are as important or unimportant as are religious, artistic, educational or scientific perspectives. Originality/value In contrast to the empirical-normative divide, the perspective is shown to centrally embrace the multiplicity of normative, empirical and instrumental approaches to CSR.

STRATEGY FOR SUSTAINABLE DEVELOPMENT AND CORPORATE SOCIAL RESPONSIBILITY

ABSTRACT In the contemporary scenario, Corporate Social Responsibility (CSR) is achieving an interdisciplinary scientific status as it has become an area of scientific research that is adopted not only by management specialists and industry leaders outside academia but also moral philosophers and sociologists. This field of CSR has seen exponential growth in the past decade. Within the work on CSR, there are different perceptions of the role of organizations in society and disagreements abound as to whether wealth maximization should be the sole goal of a corporation. This article, hence, acknowledges this and reviews the broad development of the ideas behind CSR within both academic research and the business world. It also addresses how companies are engaging in CSR beyond merely their economic interest. Keywords Corporate social responsibility, sustainable development, strategies for CSR

Assessing the Application of Corporate Social Responsibility in Egyptian Travel Agencies

The concept of social responsibility emerged to promote a more socially responsible, moral and ethical model of marketing and management. It is an approach that adopts a holistic, integrated view of marketing, considering social equity, environmental protection and economic livability (Maclaran and Parsons, 2009). Companies are aware that sustainable business success and shareholder value cannot be achieved solely through maximizing short-term profits, but instead through market-oriented responsible behavior. In this context, an increasing number of tourism companies have accepted a culture of corporate social responsibility. Tourism has a significant environmental, social and human impact. So it is hardly surprising that the concept of corporate social responsibility (CSR) should have been to bear, especially in the context of responsible and sustainable tourism (Brown and Hall, 2006). Corporate social responsibility aims at recognizing and responding to evolving forms of accountability between the organization and its stakeholders (employees, customers, government, business partners, and local communities). The past few years have seen a steady growth in the claims of adopting the principles of CSR as a new approach which has led to the creation of many initiatives to address concerns such as environmental conservation, social issues - such as poverty reduction and local and community economic development ……etc- and companies' responsibilities towards their employees. Promoting growth that respects culture and environment and supports the well-being of local communities is a crucial issue for the evolution of modern tourism. This requires the increase of awareness and the adoption of responsibility behavior by tourism businesses. Although there are opportunities as well as challenges to adopt CSR strategies in tourism business scale, there is a lack of awareness in Egyptian travel agencies of the meaning, principles, importance, requirements and activities of its applications. Thus, there is a need for tourism industry to be more aware of the meaning of CSR, its principles, benefits and its requirements to move the agenda forward (Momtaz, 2008). This research aims to; 1- Highlight the importance of the application of corporate social responsibility in the tourism sector. 2- Identify the practices of CSR in tourism companies.3- Determine and analyze obstacles for the application of CSR in the Egyptian tourism sector 4-Assess the application of CSR in tourism companies to set recommendations to fulfill the effective application to CSR.5- Provide suggestions for a successful implementation of CSR in Egyptian travel agencies. It is concluded that although most tourists make purchasing decisions based on such factors as price, weather, type and range of facilities and quality, more and more tourists are also concerned about the ethics of travel and more likely to book a holiday with a company that has a written code guaranteeing good working conditions, protection of the environment and support of local charities in the tourist destination. The lack of CSR awareness, the absence of governmental support to adopt CSR programs, the lack of the budget that is needed for its activities, rare of experts in CSR field and the disbelief of the management in CSR importance and benefits were considered to be barriers that affect CSR engagement in tourism companies.Field study indicated that Egyptian travel agencies tend to take some form of corporate social applications but they are not familiar with the real meaning of this term and its practices

PROSPECTS OF CORPORATE SOCIAL RESPONSIBILITY DEVELOPMENT IN THE EU IN SUSTAINABLE DEVELOPMENT

In the world practice, corporate social responsibility (CSR) is recognized an important component of sustainable development strategy, for which reason governments of many countries pay considerable attention to the promotion of CSR ideas at the national level, creating favourable conditions for socially responsible behaviour of national and foreign enterprises. The author aims to analyse the experience of regulation of corporate social responsibility policy in the EU Member States, to show the practice of national governments of the EU Member States in the field of CSR, and to determine prospects of corporate social responsibility at the modern development stage in view of implementing the concept of sustainable development. Summarizing approaches to the definition of CSR, it can be emphasized that CSR should positively influence society, in which the enterprise operates. It is a free choice in favour of increasing the welfare and moral and ethical values of society through appropriate approaches to doing business. Relations between enterprises both in the European Union and in other countries are increasingly based on the principles of CSR. Compliance with these principles becomes an important prerequisite for attracting foreign investment and obtaining government orders. In the international context, CSR is an efficient instrument to develop partnership and cooperation of countries in the context of achieving the Millennium Development Goals, to control the negative influence of the industrial sector on ecology, to prevent social crises, as a consequence, to ensure sustainable development of the world civilisation. Among the European institutions, the European Commission’s committees play a key role in disseminating the idea of CSR. One of the main factors in strengthening the EU economy is considered precisely the stable growth based on the rational use of resources, ecology, and competition. Plans of the Strategy for 2012–2015–2020 clearly show that the European Union intends to strengthen control over economic management and “voluntarily oblige” the business to follow the rules of CSR. The goal of a new CSR Strategy is to create conditions favourable for sustainable development, responsible business conduct, and permanent employment in the medium and long term. Key changes in comparison with the policy for 2010 – definition of corporate social responsibility as “Responsibility of enterprises for their impact on society” and rejection of the principle of voluntariness: “the European Commission recognizes that some regulations stimulate CSR, therefore, public authorities should support the CSR development by applying a mix of voluntary and regulatory policies”. As the study showed, the governments of the EU countries are actively engaged in the development and promotion of corporate social responsibility. The role of the state is manifested in the implementation of the following key functions: the state as a legislator and a controlling authority; the state as an employer; the state as a consumer and a buyer; the state as a partner; the state as an institutional investor; the state as a participant in international relations. The most significant results have been achieved by those EU Member States that use the systemic approach to CSR development. In these countries, responsible state structures have been formed that coordinate work in all areas. The approach to the choice of instruments is individual and is selected taking into account the priorities of the country’s socio-economic development and the importance of economic, environmental, and social aspects. An example of Great Britain, France, Belgium, Estonia, and Spain shows the possibility of successful CSR development.

Corporate Responsibility in India: Academic Perspectives on the Companies Act 2013

Developing prosperous and inclusive societies requires a reformulation of the business-society nexus toward sustainability. This means that all economically motivated behaviors of firms also need to consider their social and environmental impact, and all social and environmental policies their impact on the business sector and the economy. With the Companies Act 2013, the Indian government adopted a legislative approach to reconfigure the business-society nexus. Mandating what has been considered discretionary elicited an extensive academic debate. To study this India-specific political corporate social responsibility (CSR), we employ Content Configuration Analysis on 70 local and international English-language book chapters, research articles, reports, reviews, and expert commentaries published between 2013 and 2019 to develop a typology of the advantages and disadvantages associated with the Companies Act 2013. Among a large number of positions for and against the Act, we find that arguments extolling its advantages concurrently appear as disadvantages in other texts. This paradox is indicative of the difficulties of satisfying stakeholder expectations, as well as the complexities corporate responsibility programs face in India. Nonetheless, CSR as a policy tool allows the Indian government to instrumentalize the growing success of the business sector to address local and national needs and expectations. By systematizing the opportunities and challenges associated with the Companies Act 2013, we show how, similar to China, context and culture influence India’s socioeconomic development trajectory beyond the conventional market economy canon. Our analyses reveal how advantages and disadvantages are frequently connected to multiple stakeholders, including the government, business, and society. We conclude by highlighting the contribution this study makes to the field of political CSR.

Politics versus Economics Philosophical Reflections on the Nature of Corporate Governance

In this article, we philosophically reflect on the nature of corporate governance. We raise the question whether control is still a feasible ideal of corporate governance and reflect on the implications of the epistemic insufficiency of economic institutions with regard to grand challenges like of global warming for our conceptualization of corporate governance. We first introduce the concept of corporate governance from the perspective of economics and politics. We then trace the genealogy of the concept of governance based on a selective reading of Giorgio Agamben’s work, who has pointed at two interdependent paradigms of governance in the Christian tradition, and apply his categories in the context of corporate governance. We finally engage in a critical reflection on the concept of corporate governance and develop four characteristics of corporate governance that can guide future conceptual as well as empirical research in the field of corporate social responsibility of economic institutions.