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  1. Value maximization, stakeholder theory, and the corporate objective function.Michael C. Jensen - 2002 - Business Ethics Quarterly 12 (2):235-256.
    Abstract: In this article, I offer a proposal to clarify what I believe is the proper relation between value maximization and stakeholder theory, which I call enlightened value maximization. Enlightened value maximization utilizes much of the structure of stakeholder theory but accepts maximization of the long-run value of the firm as the criterion for making the requisite tradeoffs among its stakeholders, and specifies long-term value maximization or value seeking as the firm’s objective. This proposal therefore solves the problems that arise (...)
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  • Implementing CSR Through Partnerships: Understanding the Selection, Design and Institutionalisation of Nonprofit-Business Partnerships.Maria May Seitanidi & Andrew Crane - 2009 - Journal of Business Ethics 85 (S2):413-429.
    Partnerships between businesses and nonprofit organisations are an increasingly prominent element of corporate social responsibility implementation. The paper is based on two in-depth partnership case studies (Earthwatch-Rio Tinto and Prince's Trust-Royal Bank of Scotland) that move beyond a simple stage model to reveal the deeper-level micro-processes in the selection, design and institutionalisation of business-NGO partnerships. The suggested practice-tested model is followed by a discussion that highlights management issues within partnership implementation and a practical Partnership Test to assist managers in testing (...)
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  • Family Business Participation in Community Social Responsibility: The Moderating Effect of Gender.Whitney O. Peake, Danielle Cooper, Margaret A. Fitzgerald & Glenn Muske - 2017 - Journal of Business Ethics 142 (2):325-343.
    Small family businesses have generally been shown to exhibit significant concern for social responsibility, especially at the community level. Despite the reported heterogeneity of family firms in their preferences for and participation in social responsibility, the drivers of such differences are not agreed upon in the literature. We draw from enlightened self-interest and social capital theories by exploring their complementary and competing implications for the effect of duration and community satisfaction on participation in community-oriented social responsibility. Additionally, drawing on the (...)
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  • Creating Shared Value: The One-Trick Pony Approach.Thomas Beschorner - 2013 - Business Ethics Journal Review:106-112.
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  • Human Rights and Corporate Social Responsibility in Developing Countries’ Industrial Clusters.Elisa Giuliani - 2016 - Journal of Business Ethics 133 (1):39-54.
    A recent preoccupation in scholarly research is the capacity of firms in developing country industrial clusters to comply with international corporate social responsibility policies and codes of conducts. This research is at an early stage and draws on several—often quite distinct—scholarly traditions. In this paper, we argue that future work in this area would benefit from a more explicit examination of the connection between cluster firms and human rights defined according to the 1948 Universal Declaration of Human Rights and subsequent (...)
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  • Corporate Social Responsibility for Developing Country Multinational Corporations: Lost War in Pertaining Global Competitiveness? [REVIEW]Philippe Gugler & Jacylyn Y. J. Shi - 2009 - Journal of Business Ethics 87 (1):3 - 24.
    This article explores the conceptual and practical gap existing between the developed and developing countries in relation to corporate social responsibility (CSR), or the North-South ' CSR Divide', through the analysis of possible impact on the competitiveness of developing countries' and economies' SMEs and MNEs in globalization. To do so, this article first reviewed the traditional wisdom on the concept of strategic CSR developed in the North and the role that CSR engagement can play in corporate competitiveness, and compare with (...)
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  • The Ethics of Entrepreneurial Shared Value.Patricio Osorio-Vega - 2019 - Journal of Business Ethics 157 (4):981-995.
    In the business ethics literature, the growing interest in social entrepreneurship has remained limited to the assumption that pursuing a social mission will clash against the pursuit of associated economic achievements. This ignores recent developments in the social entrepreneurship literature which show that social missions and economic achievement can also have a mutually constitutive relation. We address this gap adopting the notion of shared value for an ethical inquiry of social entrepreneurship. Using a sensemaking framework, we assume that the emergence (...)
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  • CSR Strategies of SMEs and Large Firms. Evidence from Italy.Francesco Perrini, Angeloantonio Russo & Antonio Tencati - 2007 - Journal of Business Ethics 74 (3):285-300.
    While corporate social responsibility (CSR) is becoming a mainstream issue for many organizations, most of the research to date addresses CSR in large businesses rather than in small- and medium-sized enterprises (SMEs), because it is too often considered a prerogative of large businesses only. The role of SMEs in an increasingly dynamic context is now being questioned, including what factors might affect their socially responsible behaviour. The goal of this paper is to make a comparison of SME and large firm (...)
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  • Implementing the New UN Corporate Human Rights Framework: Implications for Corporate Law, Governance, and Regulation.Peter Muchlinski - 2012 - Business Ethics Quarterly 22 (1):145-177.
    ABSTRACT:The UN Framework on Human Rights and Business comprises the State’s duty to protect human rights, the corporate responsibility to respect human rights, and the duty to remedy abuses. This paper focuses on the corporate responsibility to respect. It considers how to overcome obstacles, arising out of national and international law, to the development of a legally binding corporate duty to respect human rights. It is argued that the notion of human rights due diligence will lead to the creation of (...)
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  • Revisiting the Role of “Shared Value” in the Business-Society Relationship.Mark Aakhus & Michael Bzdak - 2012 - Business and Professional Ethics Journal 31 (2):231-246.
    This article critically examines Porter and Kramer’s shared value concept to identify its boundaries and limits as a framework for understanding the role of philanthropy and CSR relative to the role of business in society. Cases of implementation and alternative perspectives on innovation reveal that, despite its appeal and uptake in corporate and philanthropic circles, shared value merely advances the conventional rhetoric that what is good for business is good for society. The shared value approach narrows what counts as social (...)
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  • Silence as Complicity: Elements of a Corporate Duty to Speak Out Against the Violation of Human Rights.Florian Wettstein - 2012 - Business Ethics Quarterly 22 (1):37-61.
    ABSTRACT:Increasingly, global businesses are confronted with the question of complicity in human rights violations committed by abusive host governments. This contribution specifically looks at silent complicity and the way it challenges conventional interpretations of corporate responsibility. Silent complicity implies that corporations have moral obligations that reach beyond the negative realm of doing no harm. Essentially, it implies that corporations have a moral responsibility to help protect human rights by putting pressure on perpetrating host governments involved in human rights abuses. This (...)
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