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Business ethics, corporate social responsibility and corporate governance: a review and summary critique

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Author Info

  • John Donaldson
  • Irene Fafaliou

Abstract

In the business-and-society literature and in the general press on whether business fulfils its social role responsibly. Business ethics, corporate social responsibility and corporate governance movements have been developed in recent decades as responses to a growing sense of corporate wrongdoing. This paper attempts to explain why the three movements seem yet to have generated little in the form of widely accepted prescriptions for improvement of business behaviour to the satisfaction of the “constituents” of business, i.e. the major stakeholders. Without denying the usefulness of any of the three movements, the paper suggests that there are weaknesses in all three, especially concerning the way they conceive modern business operation. To this end business pluralism, responsive codes of practice and re-examination of the assumptions (conditions) of business operation could be helpful.

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File URL: http://www.ersj.eu/repec/ers/papers/03_12_p7.pdf
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Bibliographic Info

Article provided by European Research Studies Journal in its journal European Research Studies Journal.

Volume (Year): VI (2003)
Issue (Month): 1-2 (January - June)
Pages: 97-118

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Handle: RePEc:ers:journl:v:vi:y:2003:i:1-2:p:97-118

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Web page: http://www.ersj.eu/

Related research

Keywords: Business Ethics; Corporate Social Responsibility; Corporate Governance; Business Ideology; Business Conduct; Business Pluralism; Responsive Codes of Practice; Conditions of Business;

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Cited by:
  1. Goering, Gregory E., 2012. "Corporate social responsibility and marketing channel coordination," Research in Economics, Elsevier, vol. 66(2), pages 142-148.
  2. Goering, Gregory E., 2008. "Socially concerned firms and the provision of durable goods," Economic Modelling, Elsevier, vol. 25(3), pages 575-583, May.

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