Modelling the Firm in its Market and Organizational Environment: Methodologies for Studying Corporate Social Responsibility

By C. Crouch. 2006

200 citations recorded by the source corpus.

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.

Subfields: Information Systems and Management, Organizational Behavior and Human Resource Management, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/fd2b11149d5c11bfb9a944f91a52643cf12b6d67

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Citations in the corpus

[Editorial] Trade-offs in corporate sustainability: you can't have your cake and eat it (2010, background): “In addition, research on corporate externalities (Crouch, 2006) and full cost accounting (Atkinson, 2000; Huizing and Dekker, 1992) addresses the impact of corporate behaviour at the societal level.”
Institutional legitimacy and norms-based CSR marketing practices: Insights from MNCs operating in a developing economy (2015, background): “CSR analysis should take an integrative approach by looking at the interface between business and society (Crouch, 2006).”
Strategic Corporate Social Responsibility and Environmental Sustainability (2011, background): “According to the Stern Review on the Economics of Climate Change (Stern, 2006), The Economist (“A Change in Climate,” 2008), and philosopher Joseph DesJardins (2007), ecological sustainability could become the central social responsibility challenge for business.”
The government of self-regulation: on the comparative dynamics of corporate social responsibility (2011, background): “…this concept as an homogeneous entity, arguably CSR is a complex organizational and institutional phenomenon that encompasses several dimensions (Crouch, 2006; Gond & Crane, 2010) that are not all susceptible to being shaped in the same manner by the government or the national governance…”
Corporate Social Responsibility and Institutional Theory: New Perspectives on Private Governance (2012, background): “In answering the calls for a more integrated study of the interface between business and society (Crouch, 2006), we see institutional theory as a rather strong candidate for a conceptual framework.”
Corporate Social Responsibility in Challenging and Non-enabling Institutional Contexts: Do Institutional Voids matter? (2014, unknown): “It is also an essential governance mechanism of the market in advanced capitalist economies (Brammer et al. 2012; Amaeshi 2009, 2010; Crouch 2006), which is often weak in most developing markets.”
Corporate Social Responsibility, Noise, and Stock Market Volatility (2012, background): “Thus, consistent with a view of CSR as a firm’s commitment to internalizing its externalities (Crouch, 2006), socially responsible firms can be expected to increase their organizational costs relative to their so-called “irresponsible” competitors because firm actions that cut short-term operational”