Corporate Social Responsibility Theories in the Context of Global Transformational Events: A Scoping Review

This scoping review examines the applicability and evolution of corporate social responsibility (CSR) theories, which focus on voluntary corporate actions, during global transformational events. Additionally, the study explores the relevance of broader sustainability management (SUSM) theories, which provide comprehensive frameworks for integrating sustainability into corporate strategies, to assess their adaptability under such abnormal operating conditions. We identify and review 10 key theories pertinent to SUSM during normal and abnormal operating periods: Agency Theory, Cognitive Theory, Ecological Modernization, Institutional Theory, Leadership Theory, Legitimacy Theory, Neoclassical Theory, Shareholder Theory, Socio‐Ecological Systems Theory, and Stakeholder Theory. Our findings reveal that these theories are dynamic, evolving in response to global crises, thereby influencing and being influenced by corporate behaviors. This study contributes to the academic literature by highlighting the interplay between theoretical evolution and real‐world applications of CSR and SUSM. For managers, the study offers insights into building corporate resilience and adaptability, while policymakers are provided with guidance on fostering regulatory environments that support sustainable corporate practices during periods of disruption. These contributions underscore the importance of refining SUSM frameworks to guide corporate decision‐making in increasingly volatile environments.