publication . Article . 2017

Corporate Social Responsibility and Stakeholder Theory: Learning From Each Other

Freeman, R. Edward; Dmytriyev, Sergiy;
Open Access
  • Published: 21 Dec 2017 Journal: Symphonya. Emerging Issues in Management (eissn: 1593-0319, Copyright policy)
  • Publisher: Universita degli Studi di Milano-Bicocca Symphonya Emerging Issues in Management
Abstract
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...
Subjects
ACM Computing Classification System: ComputingMethodologies_SYMBOLICANDALGEBRAICMANIPULATION
free text keywords: Corporate Social Responsibility (CSR); Stakeholder Theory; Corporate Responsibilities; Global Business
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