Corporate Social Responsibility and Corporate Governance The Contribution of Economic Theory and Related Disciplines

by Sacconi, Lorenzo; Blair, Margaret; Freeman, Edward; Vercelli, Alessandro

• ISBN13: 9780230236547
• ISBN10: 0230236545
• Format: Hardcover
• Copyright: 2011-01-15
• Publisher: Palgrave Macmillan

Summary

Corporate social responsibility is seen in this book as multi-stakeholder approach to corporate governance. This volume outlines neo-institutional and stakeholder theories of the firm, new rational choice and social contract normative models, self regulatory and soft law models, and the advances from behavioral economics.

Author Biography

Lorenzo Sacconi is Professor of Economics at the University of Trento and EconomEtica, Inter-University Research Centre, Milan, Italy. Margaret Blair is Professor of Law at Vanderbilt University Law School, USA. R. Edward Freeman is University Professor and Olsson Professor of Business Administration at Darden School of Business, University of Virginia, USA. Alessandro Vercelli is Professor of Economics at the University of Siena, Italy.

Table of Contents

Introduction
PART I: PERSPECTIVE ON THE NATURE OF THE FIRM AND CORPORATE GOVERNANCE: TRANSACTION COSTS, TEAM PRODUCTION AND STAKEHOLDER THEORY
Corporate Governance: a contractual and organisational perspective
Human-Asset Essentiality and Corporate Social Capital in a Stakeholders-Society Perspective
Stakeholder Theory as a Basis for Capitalism
Behavioral economics, federalism and the triumph of Stakeholder theory
Specific Investment and Corporate Law
PART II: THE CONSTITUTIONAL CONTRACT AND NORMATIVE RATIONAL CHOICE MODELS OF CORPORATE GOVERNANCE, AND CSR
A Rawlsian view on CSR as multistakeholder model of corporate governance, and the game theory of its implementation
When reputation is not enough: justifying Corporate Social responsibility
Corporate social responsibility in a market economy: the perspective of Constitutional Economics
Rational Association and Corporate Responsibility
PART III: CSR, REGULATION AND SELF-REGULATION
CSR and Sustainable development
The role of standardization, certification and assurance service in Global Commerce 
 PART IV: MODELS OF NON-PURELY SELF-INTERESTED ECONOMIC AGENTS AND THE INTRINISIC MOTIVATION FOR THE SOCIALLY RESPONSIBLE GOVERNANCE THE ORGANISATIONS
Voluntary Co-determination produces sustainable Competitive Advantage
Corporate trust Games in modern knowledge economies
Effects of Different Stakeholder Groups Strategic control on Organisational Effectiveness and Well-being of Customers and Employees: An Empirical Investigation
Corporate Honesty and Business Education: a behavioural Model
Trusting, Trustworthiness and CSR: Some Experiments and Implications