City Research Online

Abstract

There is an active debate about the efficacy of different governance approaches in responding to the socio-environmental challenges. This study focuses on two theories from businesscentred and government-oriented governance approaches that contribute significantly to this discussion: Political Corporate Social Responsibility and Collaborative Governance. Both theories advocate for private sector participation in governing procedures through a deliberative process but differ markedly in their proposed regulatory procedures and governance model. The paper aims to go beyond the conventional dichotomy of public versus private authority to account for the characteristics of the governance practices in the interactive governance system. It does so by critically examining the central assumptions of these two theories vis-à-vis regulatory capitalism across three orders of governance practices. The analysis provides insights into optimising these theories by integrating elements of regulatory capitalism into their analytical frame, thereby enhancing their efficacy. The paper also outlines a future research agenda aimed at empirically testing these theoretical optimizations.

Publication Type:	Monograph (Working Paper)
Publisher Keywords:	Collaborative governance, political CSR, Public-private interaction, regulatory capitalism, sustainability governance
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Departments:	Bayes Business School Bayes Business School > Management
SWORD Depositor:	Symplectic Administrator

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