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Who’s responsible for irresponsible business? An assessment

Author

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  • Colin Mayer

Abstract

The source of irresponsible business is a systems failure involving an ill-conceived interface between government, the law, investors, and firms. Addressing this systemic failure requires reform of our capitalist system to build a partnership between the four parties that recognizes the function of each and how they should coalesce together.

Suggested Citation

  • Colin Mayer, 2017. "Who’s responsible for irresponsible business? An assessment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(2), pages 157-175.
    • Handle: RePEc:oup:oxford:v:33:y:2017:i:2:p:157-175.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grx028
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    Cited by:

    1. Bert Scholtens & Rim Oueghlissi, 2020. "Shocks and fish stocks: The effect of disasters and policy announcements on listed fishing companies' market value," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3636-3668, December.

    More about this item

    Keywords

    business; government; investors and the law;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • K2 - Law and Economics - - Regulation and Business Law
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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