- Copyright Page
- List of Figures
- List of Tables
- List of Contributors
- The Evolving Corporation: economy, law, and society
- The Dutch East India Company: the first corporate governance debacle
- English East India Company-State and The Modern Corporation: the google of its time?
- Socializing Capital: the rise of the industrial corporation
- From Berle to the Present: the shifting primacies of corporation theory
- Understanding the Roots of Shareholder Primacy: the meaning of agency theory, and the conditions of its contagion
- Corporate Purpose: legal interpretations and empirical evidence
- Corporate Law as a Solution to Team Production Problems
- Corporations as Sempiternal Legal Persons
- Finance Capitalism, the Financialized Corporation, and Countervailing Power
- The Neoliberal Corporation
- Theorizing the Corporation: liberal, confucian, and socialist perspectives
- Global Corporations and Global Value Chains: the disaggregation of corporations?
- Growth Strategies of the New Multinationals
- Corporations, Organization, and Human Action: an anthropological critique of agency theory
- The Japanese Corporation: community, purpose, and strategy
- Dynamic Capabilities, the Multinational Corporation, and Capture oF Co-created Value from Innovation
- The Theory Of Innovative Enterprise: foundations of economic analysis
- Corporations In The Clouds?: the transformation of the corporation in an era of disruptive innovations
- The Changing Nature of The Corporation and The Economic Theory of The Firm
- Corporate Responsibility and the Embedded Firm: a critical reappraisal
- The Greening of the Corporation
- Corporate Sustainability In A Fragile Planet
- Transcending The Corporation: social enterprise, cooperatives, and commons-based governance
- The Evolution of Corporate Form: from shareholders’ property to the corporation as commons
Abstract and Keywords
This chapter examines institutional and political economy accounts of corporate social responsibility debates in law and business, and how those debates have been used to shape the social expectations of business and the view of firms as either oriented toward shareholders or stakeholders. The chapter brings a number of disciplinary perspectives to bear on the study of the regulatory evolution and relationship between firms, corporate governance, and labor in the transformation from industrial to finance capitalism. It engages with Karl Polanyi’s concept of embeddedness while reassessing the foundations of corporate social responsibility as an emerging trend. Ultimately it concludes that the problem to be solved in the corporate social relationship is the deeper one of the business corporation being conceptualized in narrow economic terms, and the fiduciary duties of directors being misconceptualized as to maximize shareholder wealth, even as the business corporation acts throughout the world today as a powerful social and political actor.
Osborne Hall Law School, York University, Canada
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