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Circles of stakeholders: towards a relational theory of Corporate Social Responsibility

Author

Listed:
  • Rob Maessen
  • Paul Van Seters
  • Eleonore Van Rijckevorsel

Abstract

Two key elements define the modern-day version of a socially responsible corporation: (1) targeting business activities on value creation in three dimensions, and (2) maintaining relationships with stakeholders. In this article, we argue that a proper understanding of Corporate Social Responsibility (CSR) lies in the intrinsic link between these two elements. A relational approach to CSR is called for. Circles of stakeholders reflect the level of involvement of different stakeholders with a corporation and the dynamics of their relations. In a globalising world, connecting corporations to outer-circle groups of stakeholders can be substantially rewarding. Partnerships with Non-Governmental Organisations (NGOs) present a useful strategy for governance for the benefit of all.

Suggested Citation

  • Rob Maessen & Paul Van Seters & Eleonore Van Rijckevorsel, 2007. "Circles of stakeholders: towards a relational theory of Corporate Social Responsibility," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 3(1), pages 77-94.
    • Handle: RePEc:ids:ijbget:v:3:y:2007:i:1:p:77-94
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    Cited by:

    1. Duane Windsor, 2010. "The Role of Dynamics in Stakeholder Thinking," Journal of Business Ethics, Springer, vol. 96(1), pages 79-87, August.
    2. Helen LaVan & Lori S. Cook & Ivana Zilic, 2021. "An analysis of the ethical frameworks and financial outcomes of corporate social responsibility and business press reporting of US pharmaceutical companies," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 15(3), pages 326-355.

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