508
Views
0
CrossRef citations to date
0
Altmetric
Articles

The corporate social assessment: making public purpose pay

ORCID Icon &
Pages 147-175 | Received 12 Sep 2022, Accepted 14 Nov 2023, Published online: 29 Nov 2023

References

  • Achen, C. H., & Bartels, L. M. (2016). Democracy for realists: Why elections Do Not produce responsive government. Princeton University Press.
  • Arnold, N. (2021). Avoiding competition: The effects of rankings in the food waste field. In Competition: What It Is and Why It happens (pp. 112–130). https://doi.org/10.1093/oso/9780192898012.003.0007.
  • Baiocchi, G. (2005). Militants and citizens: The politics of participatory democracy in porto alegre. Stanford University Press.
  • Baldwin, R., Cave, M., & Lodge, M. (2012). Understanding regulation. Theory, strategy, and practice (2nd ed). Oxford University Press.
  • Barker, R., & Mayer, C. (2017). “How should a ‘Sustainable corporation’ Account for natural capital?” Said Business School Research Papers, no. 2017–15.
  • Bächtiger, A., & Parkinson, J. (2019). Mapping and measuring deliberation: Towards a New deliberative quality. Oxford University Press.
  • Bell, S., & Hindmoor, A. (2014). The structural power of business and the power of ideas: The strange case of the Australian mining Tax. New Political Economy, 19(3), 470–486. https://doi.org/10.1080/13563467.2013.796452
  • Bennett, M. (2022). Managerial discretion, market failure and democracy. Journal of Business Ethics, 185(1), 33–47. https://doi.org/10.1007/s10551-022-05152-8
  • Bennett, M., & Claassen, R. (2022a). Taming the corporate leviathan. How to properly politicize corporate purpose. In M. Bennett, H. Brouwer, & R. Claassen (Eds.), Wealth and power: Philosophical perspectives (pp. 145–165). Routledge.
  • Bennett, M., & Claassen, R. (2022b). The corporate power trilemma. Journal of Politics, 84(4), 2094–2106. https://doi.org/10.1086/717851
  • Berg, F., Kölbel, J., & Rigobon, R. (2022). Aggregate confusion: The divergence of ESG ratings. Review of Finance, 1315–1344. https://doi.org/10.1093/rof/rfac033
  • Berger-Walliser, G., & Scott, I. (2018). Redefining corporate social responsibility in an Era of globalization and regulatory hardening. American Business Law Journal, https://doi.org/10.1111/ablj.12119
  • “Business Roundtable Redefines the Purpose of a Corporation to Promote ‘An Economy That Serves All Americans.’”. (2019). August 19, 2019. https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans.
  • Callon, M. (2007). What does It mean To Say that economics Is performative? In D. MacKenzie, F. Muniesa, & L. Siu (Eds.), Do economists make markets? On the performativity of economics (pp. 311–357). Princeton University Press.
  • Caney, S., & Hepburn, C. (2011). Carbon trading: Unethical, unjust and ineffective? Royal Institute of Philosophy Supplement, 69, 201–234. https://doi.org/10.1017/S1358246111000282
  • Center for Responsive Politics. 2016. Top individual contributors: all federal contributions. OpenSecrets. https://www.opensecrets.org/overview/topindivs.php?cycle=2016&view=fc.
  • Christensen, D. M., Serafeim, G., & Sikochi, A. (2022). Why is corporate virtue in the Eye of The beholder? The case of ESG ratings. Accounting Review, 97, https://doi.org/10.2308/TAR-2019-0506
  • Ciepley, D. (2019). Can corporations be held to the public interest, or even to the Law? Journal of Business Ethics, 154(4), 1003–1018. https://doi.org/10.1007/s10551-018-3894-2
  • Claassen, R. (2023). Wealth creation without domination. A fiduciary theory of corporate power. Critical Review of International Social and Political Philosophy, 26(7), https://doi.org/10.1080/13698230.2022.2113224
  • Coase, R. H. (1937). The nature of the firm. Economica, 4(16), 386–405. https://doi.org/10.1111/j.1468-0335.1937.tb00002.x
  • Crouch, C. (2011). The strange Non-death of Neo-liberalism. Polity Press.
  • Curato, N., Dryzek, J. S., Ercan, S. A., Hendriks, C. M., & Niemeyer, S. (2017). Twelve Key findings in deliberative democracy research. Daedalus, 146(3), 28–38. https://doi.org/10.1162/DAED_a_00444
  • Davis, G. (2021). Corporate purpose needs democracy. Journal of Management Studies, 58(3), 902–913. https://doi.org/10.1111/joms.12659
  • Deakin, S. (2012). The corporation as commons: Rethinking property rights, governance and sustainability in the business enterprise. Queen’s Law Journal, 37(2), 339–381.
  • Dimson, E., Marsh, P., & Staunton, M. (2020). Divergent ESG ratings. Journal of Portfolio Management, 47(1), https://doi.org/10.3905/JPM.2020.1.175
  • Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: Concepts, evidence, and implications. The Academy of Management Review, 20(1), 65–91. https://doi.org/10.2307/258887
  • Dryzek, J. S., Bächtiger, A., Chambers, S., Cohen, J., Druckman, J. N., Felicetti, A., & Fishkin, J. S. (2019). The crisis of democracy and the science of deliberation. Science, 363(6432), 1144–1146. https://doi.org/10.1126/science.aaw2694
  • Eccles, R. G., & Stroehle, J. (2018). Exploring social origins in the construction of ESG measures. SSRN Electronic Journal, https://doi.org/10.2139/ssrn.3212685
  • Edgecliffe-Johnson, A. (2019). Abigail Disney Criticises Chief's ‘Insane’ $65.7m Pay. April 22, 2019. https://www.ft.com/content/b1c68f4c-651a-11e9-9adc-98bf1d35a056.
  • Ellemers, N., & De Gilder, D. (2022). The moral organization. Key issues, analyses, and solutions. Springer Nature Switzerland.
  • Espeland, W. N., & Sauder, M. (2007). Rankings and reactivity: How public measures recreate social worlds. American Journal of Sociology, 113(1), 1–40. https://doi.org/10.1086/517897
  • Espeland, W. N., & Stevens, M. L. (1998). Commensuration As a social process. Annual Review of Sociology, 24(1), 313–343. https://doi.org/10.1146/annurev.soc.24.1.313
  • Esposito, E., & Stark, D. (2019). What’s observed in a rating? Rankings as orientation in the face of uncertainty. Theory, Culture and Society, 36(4), https://doi.org/10.1177/0263276419826276
  • Feintuck, M. (2010). Regulatory rationales beyond the economic: In search of the public interest. In R. Baldwin, M. Cave, & M. Lodge (Eds.), The Oxford handbook of regulation (pp. 39–63). Oxford University Press.
  • Felber, C. (2019). Change everything. Creating an economiy for the common good. Zed Books.
  • Ferreras, I. (2017). Firms as political entities. Saving democracy through economic bicameralism. Cambridge University Press.
  • Fishkin, J. S. (2018). Democracy when the people Are thinking: Revitalizing our politics through public deliberation. Oxford University Press.
  • Fitzgerald, A., Guevara, M. W., Bowers, S., Clerix, K., Díaz-Struck, E., Carvajal, R., Cabra, M., Knus-Galán, M., Obermayer, B., Bové, L., & Kleinnijenhuis, J. 2014. New leak reveals Luxembourg tax deals for Disney, Koch Brothers empire. International Consortium of Investigative Journalists, December 9, 2014. https://www.icij.org/investigations/luxembourg-leaks/new-leak-reveals-luxembourg-tax-deals-disney-koch-brothers-empire/.
  • Freeman, E., & Evan, W. (1990). Corporate governance: A stakeholder interpretation. The Journal of Behavioral Economics, 19(4), 337–359. https://doi.org/10.1016/0090-5720(90)90022-Y
  • Freeman, R. E., Harrison, J., Wicks, A., Parmar, B., & De Colle, S. (2010). Stakeholder theory. The state of the Art. Cambridge University Press.
  • Frey, B. (2012). Crowding Out and crowding In of intrinsic preferences. In E. Brousseau, T. Dedeurwaerdere, & B. Siebenhuner (Eds.), Reflexive governance for global public goods (pp. 75–83). Massachusetts Institute of Technology.
  • Friedman, M. (1970). “The social responsibility of business is to increase its profits.” The New York Times Magazine.
  • Fuchs, D. (2007). Business power in global governance. Lynne Rienner Publishers.
  • Goodin, R. E., & Niemeyer, S. J. (2003). When does deliberation begin? Internal reflection versus public discussion in deliberative democracy. Political Studies, 51(4), 627–649. https://doi.org/10.1111/j.0032-3217.2003.00450.x
  • Gray, R., Brennan, A., & Malpas, J. (2014). New accounts: Towards a reframing of social accounting. Accounting Forum, 38(4), https://doi.org/10.1016/j.accfor.2013.10.005
  • Gray, R., & Herremans, I. (2012). Sustainability and social responsibility reporting and the emergence of the external social audits: The struggle for accountability? In The Oxford handbook of business and the natural environment (pp. 405–424). https://doi.org/10.1093/oxfordhb/9780199584451.003.0022
  • Greenfield, K. (2006). The failure of corporate Law. The University of Chicago Press.
  • Guerrero, A. A. (2014). Against elections: The lottocratic alternative. Philosophy & Public Affairs, 42(2), 135–178. https://doi.org/10.1111/papa.12029
  • Hayden, G., & Bodie, M. (2020). Reconstructing the corporation. From shareholder primacy to shared governance. Cambridge University Press.
  • Heath, J. (2014). Morality, competition and the firm. The market failures approach to business ethics. Oxford University Press.
  • Heath, J. (2018). ‘But everyone else Is doing It’: Competition and business self-regulation. Journal of Social Philosophy, 49(4), 516–535. https://doi.org/10.1111/josp.12259
  • Hollis, A., & Pogge, T. (2008). The health impact fund. Making New medicines accessible for All. Incentives for Global Health.
  • Kornberger, M., & Carter, C. (2010). Manufacturing competition: How accounting practices shape strategy making in cities. Accounting, Auditing and Accountability Journal, 23(3), https://doi.org/10.1108/09513571011034325
  • Kotsantonis, S., & Serafeim, G. (2019). Four things No One will tell You about ESG data. Journal of Applied Corporate Finance, 31(2), https://doi.org/10.1111/jacf.12346
  • Landemore, H. (2013). Democratic reason: Politics, collective intelligence, and the rule of the many. Princeton University Press.
  • Landemore, H. (2020). Open democracy: Reinventing popular rule for the twenty-first century. Princeton University Press.
  • Mehrpouya, A., & Samiolo, R. (2016). Performance measurement in global governance: Ranking and the politics of variability. Accounting, Organizations and Society, 55, https://doi.org/10.1016/j.aos.2016.09.001
  • Mehrpouya, A., & Samiolo, R. (2019). Numbers in regulatory intermediation: Exploring the role of performance measurement between legitimacy and compliance. Regulation and Governance, 13(2), https://doi.org/10.1111/rego.12218
  • Mooij, R. A. d., & Ederveen, S. (2008). Corporate Tax elasticities: A reader’s guide to empirical findings. Oxford Review of Economic Policy, 24(4), 680–697. https://doi.org/10.1093/oxrep/grn033
  • Néron, P.-Y. (2016). Rethinking the ethics of corporate political activities in a post-citizen united area: Political equality, corporate citizenship, and market failures. Journal of Business Ethics, 136(4), 715–728. https://doi.org/10.1007/s10551-015-2867-y
  • Niemeyer, S. (2011). The emancipatory effect of deliberation: Empirical lessons from mini-publics. Politics & Society, 39(1), 103–140. https://doi.org/10.1177/0032329210395000
  • OECD. (2020). Innovative citizen participation and New democratic institutions. OECD, https://doi.org/10.1787/339306da-en
  • Ordóñez, L. D., Schweitzer, M. E., Galinsky, A. D., Bazerman, M. H. (2009). Goals gone wild: The systematic side effects of overprescribing goal setting. Academy of Management Perspectives, 23(1), 6–16.
  • Pek, S., Mena, S., & Lyons, B. (2023). The role of deliberative mini-publics in improving the deliberative capacity of multi-stakeholder initiatives. Business Ethics Quarterly, 33(1), 102–145. https://doi.org/10.1017/beq.2022.20
  • Pollman, E. (2022). “The making and meaning of ESG.” European Corporate Governance Institute - Law Working Paper No. 659/2022.
  • Pollock, N., & D’Adderio, L. (2012). Give me a two-by-two matrix and I will create the market: Rankings, graphic visualisations and sociomateriality. Accounting, Organizations and Society, 37(8), https://doi.org/10.1016/j.aos.2012.06.004
  • Power, M. (1997). The audit society. Rituals of verification. Oxford University Press.
  • Quak, S., Heilbron, J., & Meijer, J. (2019). Ranking, coordination, and global governance: The case of the access to medicine index. Business and Politics, 21(2), https://doi.org/10.1017/bap.2018.22
  • Rahom, M. M., & Idowu, S. O. (eds.). (2015). Social audit regulation. Development, challenges and opportunities. Springer.
  • Ringel, L., Espeland, W., Sauder, M., & Werron, T. (2021). Research in the sociology of organizations. Research in the Sociology of Organizations, 74), https://doi.org/10.1108/S0733-558X20210000074026
  • Ruggie, J. (2013). Just business: Multinational corporations and human rights. 1 edition. W. W. Norton & Company.
  • Samiolo, R., & Mehrpouya, A. (2021). Between stakeholders and third parties: Regulatory rankings and the organization of competition. Research in the Sociology of Organizations, 74, https://doi.org/10.1108/S0733-558X20210000074029
  • Sandel, M. (2005). Should We buy the right to pollute? In Public philosophy: Essays on morality in politics (pp. 93–96). Harvard University Press.
  • Sauder, M., & Espeland, W. N. (2009). The discipline of rankings: Tight coupling and organizational change. American Sociological Review, 74(1), 63–82. https://doi.org/10.1177/000312240907400104
  • Scherer, A., Baumann-Pauly, D., & Schneider, A. (2012). Democratizing corporate governance: Compensating for the democratic deficit of corporate political activity and corporate citizenship. Business & Society, 52(3), 473–514. https://doi.org/10.1177/0007650312446931
  • Scott, S. V., & Orlikowski, W. J. (2012). Reconfiguring relations of accountability: Materialization of social media in the travel sector. Accounting, Organizations and Society, 37(1), https://doi.org/10.1016/j.aos.2011.11.005
  • Singer, A. (2018a). Justice failure: Efficiency and equality in business ethics. Journal of Business Ethics, 149(1), 97–115. https://doi.org/10.1007/s10551-016-3086-x
  • Singer, A. (2018b). The form of the firm: A normative political theory of the corporation. Oxford University Press.
  • Smith, G., & Setälä, M. (2018). Mini-Publics and deliberative democracy. In A. Bächtiger, J. S. Dryzek, J. Mansbridge, & M. Warren (Eds.), The Oxford handbook of deliberative democracy. Oxford University Press. https://doi.org/10.1093/oxfordhb/9780198747369.013.27
  • Stark, A. (2010). Business in politics: Lobbying and corporate campaign contributions. In G. Brenkert, & T. Beauchamp (Eds.), The Oxford handbook of business ethics (pp. 500–532). Oxford University Press.
  • StrineJr.L. E. (2020). “Toward fair and sustainable capitalism: a comprehensive proposal to help american workers, restore fair gainsharing between employees and shareholders, and increase American competitiveness by reorienting our corporate governance system toward sustainable.” Roosevelt Institute Working Paper.
  • Thompson, A. G. H., Escobar, O., Roberts, J. J., Elstub, S., & Pamphilis, N. M. (2021). The importance of context and the effect of information and deliberation on opinion change regarding environmental issues in citizens’ juries. Sustainability, 13(17), 9852. https://doi.org/10.3390/su13179852
  • Vergara, C. (2020). Systemic corruption: Constitutional ideas for an anti-oligarchic republic. Princeton University Press.
  • Vogel, D. (2005). The market for virtue. The potential and limits of corporate social responsibility. Brookings Institution Press.
  • Vogel, D. (2010). The private regulation of global corporate conduct: Achievements and limitations. Business & Society, 49(1), 68–87. https://doi.org/10.1177/0007650309343407
  • Warren, M. E., & Gastil, J. (2015). Can deliberative minipublics address the cognitive challenges of democratic citizenship. The Journal of Politics, 77(2), 562–574. https://doi.org/10.1086/680078
  • Werron, T. (2014). On public forms of competition. Cultural Studies - Critical Methodologies, 14(1), https://doi.org/10.1177/1532708613507891
  • Williams, C. (2018). Corporate social responsibility and corporate governance. In J. Gordon, & W.-G. Ringe (Eds.), The Oxford handbook of corporate Law and governance (pp. 635–678). Oxford University Press.