A critical perspective on corporate social responsibility: Towards a global governance framework

Banerjee, S. B. (2014). A critical perspective on corporate social responsibility: Towards a global governance framework. Critical Perspectives on International Business, 10(1-2), pp. 84-95. doi: 10.1108/cpoib-06-2013-0021

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Abstract

Purpose: The purpose of this paper is to argue that there are structural and functional limits to corporate social responsibility (CSR) that determine the boundary conditions of corporate social initiatives. The current preoccupation with win-win situations in CSR may not serve societal interests. For CSR to produce social outcomes that are not necessarily constrained by corporate rationality there needs to be a change in the normative framework of public decision making at the institutional level. The author develops a global governance framework for CSR that provides more democratic forms of decision making in the political economy that will enable corporate social responsibility to overcome the constraints imposed by corporate rationality.

Design/methodology/approach: This is a conceptual paper and critique.

Findings: The author develops a global governance framework for CSR that provides more democratic forms of decision making in the political economy that will enable corporate social responsibility to overcome the constraints imposed by corporate rationality.

Originality/value: The paper contributes to theoretical development of CSR.

Item Type: Article
Additional Information: This article is (c) Emerald Group Publishing and permission has been granted for this version to appear here http://openaccess.city.ac.uk/. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.
Uncontrolled Keywords: Corporate social responsibility, democratic governance, civil society
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Cass Business School > Faculty of Management
URI: http://openaccess.city.ac.uk/id/eprint/6083

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