publication . Article . 2017

Corporate Social Responsibility and Stakeholder Theory: Learning From Each Other

Sergiy Dmytriyev; R. Edward Freeman;
Open Access English
  • Published: 21 Dec 2017 Journal: Symphonya. Emerging Issues in Management (issn: 1593-0319, eissn: 1593-0300, Copyright policy)
  • Publisher: Symphonya. Emerging Issues in Management
This paper explores the relationship between two major concepts in business ethics - stakeholder theory and corporate social responsibility (CSR). We argue that CSR is a part of corporate responsibilities (company responsibilities to all stakeholders), and show that there is a need for both concepts in business ethics, and their applicability is dependent on a particular problem we want to solve. After reviewing some criticisms of CSR - covering wrongdoing and creating false dichotomies, we suggest that incorporating some findings from recent research on stakeholder theory can help align both concepts and overcome the criticisms.  At the end of the article, we o...
ACM Computing Classification System: ComputingMethodologies_SYMBOLICANDALGEBRAICMANIPULATION
free text keywords: Corporate Social Responsibility (CSR); Stakeholder Theory; Corporate Responsibilities; Global Business, Wrongdoing, media_common.quotation_subject, media_common, Global business, Dichotomy, Public relations, business.industry, business, Business ethics, Stakeholder theory, Corporate social responsibility, Sociology
18 references, page 1 of 2

Berle, A.A. (1931). Corporate powers as powers in trust. Harvard Law Review, 44(7), 1049-1074.

Brown, J.A. & Forster, W.R. (2013). CSR and Stakeholder Theory: A Tale of Adam Smith. Journal of Business Ethics, 112, 301-312.

Carroll, A.B., Post, J.E., Lipartito, K., & Werhane, P.H. (2012). Corporate Responsibility: The American Experience. Cambridge University Press.

Dodd, E.M. (1932). For whom are corporate managers trustees? Harvard Law Review, 45(7), 1145-1163.

Freeman, R.E. (1984). Strategic Management: A Stakeholder Approach. Pitman Publishing.

Freeman, R. E. (1994). The Politics of Stakeholder Theory: Some Future Directions. In Stakeholders by Robert A. Phillips and R. Edward Freeman (eds.). Northampton, MA: Edward Elgar Publishing Ltd.

Freeman, R.E., Harrison, J.S., Wicks, A.C., Parmar, B.L., & De Colle, S. (2010). Stakeholder theory. The state of the art. New York: Cambridge University Press.

Friedman, M. (1970). The Social Responsibility of Business is to Increase its Profits. The New York Times Magazine. September 13.

Garriga, E., & Mele D. (2004). Corporate Social Responsibility Theories: Mapping the Territory. Journal of Business Ethics, 53, 51-71.

Harris, Jared D., & R. Edward Freeman. (2008). The impossibility of the separation thesis: A response to Joakim Sandberg. Business Ethics Quarterly, 18 (4), 541-548.

Jamali, D. (2008). A Stakeholder Approach to Corporate Social Responsibility: A Fresh Perspective into Theory and Practice. Journal of Business Ethics, 82, 213-231.

Kurucz, E. C., Colbert, B. A., & Wheeler, D. (2008). The business case for corporate social responsibility. In A. Crane, A. McWilliams, D. Matten, J. Moon, & D. Siegel (Eds.), The Oxford handbook of corporate social responsibility, 83-112. Oxford: Oxford University Press.

Russo, A., & Perrini, F. (2010). Investigating Stakeholder Theory and Social Capital: CSR in Large Firms and SMEs. Journal of Business Ethics, 91, 207-221.

18 references, page 1 of 2
Any information missing or wrong?Report an Issue