search query: @all regulation / total: 2082
reference: 2 / 2082
| Author: | Osuji, O. |
| Title: | Fluidity of regulation-CSR nexus: the multinational corporate corruption example |
| Journal: | Journal of Business Ethics
2011 : SEP, VOL. 103:1, p. 31-57 |
| Index terms: | corruption international business bribery globalization financial performance social responsibility regulations |
| Language: | eng |
| Abstract: | Corporate social responsibility (CSR) is a quite undeveloped concept despite its increasing importance to corporations. One difficulty is its possible inexactness and another is the seeming reluctance by regulatory authorities and policy makers to intervene in the area. This largely results from inhibitions created by traditional approaches to company law, emphasizing shareholder protection and financial disclosure. This follows to the stultification of independent CSR development by connecting social issues to financial performance. This attitude might be connected to the theoretical and practical challenges of justifying CSR and defining its scope. The underlying impediment is a factual and theoretical failure to tell apart 'instrumental' and 'pure' (ethical) CSR. This study demonstrates that ethical CSR highlights the role of regulation, a principal stance being that regulation is both compatible and reconcilable with ethical CSR. The article argues that cognizance of the intrinsic moral justification of 'pure' CSR is needed for delineating the scope of CSR and for clarifying the desirability and extent of its regulation. The dynamic history and visage of multinational corporate corruption illuminates the regulation-CSR relationship's fluidity. The current and ever broader backlash against transnational corporate corruption is, arguably, a proof of the position that regulation and CSR are not mutually exclusive and absolute concepts. Recognition and application of this 'ethical' and 'instrumental' CSR separation is essential to the development of CSR and resolution of connected questions of regulation. |
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