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Journal of Business Ethics

Erschienen in:

01.01.2013

CSR and Stakeholder Theory: A Tale of Adam Smith

verfasst von: Jill A. Brown, William R. Forster

Erschienen in: Journal of Business Ethics | Ausgabe 2/2013

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Abstract

This article leverages insights from the body of Adam Smith’s work, including two lesser-known manuscripts—the Theory of Moral Sentiments and Lectures in Jurisprudence—to help answer the question as to how companies should morally prioritize corporate social responsibility (CSR) initiatives and stakeholder claims. Smith makes philosophical distinctions between justice and beneficence and perfect and imperfect rights, and we leverage those distinctions to speak to contemporary CSR and stakeholder management theories. We address the often-neglected question as to how far a company should be expected to go in pursuit of CSR initiatives and we offer a fresh perspective as to the role of business in relation to stakeholders and to society as a whole. Smith’s moral insights help us to propose a practical framework of legitimacy in stakeholder claims that can help managers select appropriate and responsible CSR activities.

Vorheriger Artikel The Limits of Corporate Social Responsibility: Techniques of Neutralization, Stakeholder Management and Political CSR

Nächster Artikel Effects of Illegal Behavior on the Financial Performance of US Banking Institutions

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Titel: CSR and Stakeholder Theory: A Tale of Adam Smith
verfasst von: Jill A. Brown
William R. Forster
Publikationsdatum: 01.01.2013
Verlag: Springer Netherlands
Erschienen in: Journal of Business Ethics / Ausgabe 2/2013
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI: https://doi.org/10.1007/s10551-012-1251-4

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