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Does CSR Contribute to Sustainable Development? What a Régulation Approach Can Tell Us

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  • Thomas Lamarche
  • Catherine Bodet

Abstract

We argue that corporate social responsibility depends on two distinct stylized facts concerning régulation and power. The first—institutional CSR—is institutional in nature, the other—strategic CSR—is economic and productive. The former permits and stabilizes the latter, which in turn gives rise to political compromises structuring institutional mechanisms. CSR strategies and institutions correspond to a private, oligopolistic régulation which shows no signs of being able to pursue a sustainable development regime. JEL classification: B52, D02, L15, M14, P17

Suggested Citation

  • Thomas Lamarche & Catherine Bodet, 2018. "Does CSR Contribute to Sustainable Development? What a Régulation Approach Can Tell Us," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(1), pages 154-172, March.
    • Handle: RePEc:sae:reorpe:v:50:y:2018:i:1:p:154-172
    DOI: 10.1177/0486613416635038
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    References listed on IDEAS

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    1. Weinstein Olivier, 2012. "Firm, Property and Governance: From Berle and Means to the Agency Theory, and Beyond," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 2(2), pages 1-57, June.
    2. Lamarche, Thomas & Rubinstein, Marianne, 2012. "Dynamics of corporate social responsibility: towards a new ‘conception of control’?," Journal of Institutional Economics, Cambridge University Press, vol. 8(2), pages 161-186, June.
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    4. Anonymous, 2013. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 8(3), pages 243-243, December.
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    6. Setterfield, Mark, 2011. "Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    7. Anonymous, 2013. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 8(2), pages 129-130, November.
    8. Bodet, Catherine & Lamarche, Thomas, 2007. "La Responsabilité sociale des entreprises comme innovation institutionnelle. Une lecture régulationniste," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 1.
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    11. Olivier Weinstein, 2012. "Firm, Property and Governance: From Berle and Means to the Agency Theory, and Beyond," Post-Print hal-01361182, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CSR; institution; regulation; global value chains; quality convention;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects

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