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Paradigms for Sustainable Development: Implications of Management Theory

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  • Saurav Dutta
  • Raef Lawson
  • David Marcinko

Abstract

We provide a framework for examining the trade‐offs between socio‐environmental, organizational, and managerial goals. Using this framework we examine management choices under agency and stewardship theories. We advance a theory of social stewardship to explain behavior inconsistent with both agency and stewardship. We illustrate that social stewardship behavior by managers and principals, while best from a societal perspective, is not a viable management approach under current business and regulatory conditions. This conclusion is vital to public policymakers who seek to foster socially desirable behavior by publicly traded companies. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • Saurav Dutta & Raef Lawson & David Marcinko, 2012. "Paradigms for Sustainable Development: Implications of Management Theory," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 19(1), pages 1-10, January.
    • Handle: RePEc:wly:corsem:v:19:y:2012:i:1:p:1-10
    DOI: 10.1002/csr.259
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    References listed on IDEAS

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    Cited by:

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    3. Gerdien de Vries & Bart W. Terwel & Naomi Ellemers & Dancker D. L. Daamen, 2015. "Sustainability or Profitability? How Communicated Motives for Environmental Policy Affect Public Perceptions of Corporate Greenwashing," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(3), pages 142-154, May.
    4. Habiba Al‐Shaer & Mahbub Zaman, 2018. "Credibility of sustainability reports: The contribution of audit committees," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 973-986, November.
    5. Fabien Martinez, 2014. "Corporate strategy and the environment: towards a four-dimensional compatibility model for fostering green management decisions," Post-Print hal-02887618, HAL.
    6. Azlan Amran & Shiau Ping Lee & S. Susela Devi, 2014. "The Influence of Governance Structure and Strategic Corporate Social Responsibility Toward Sustainability Reporting Quality," Business Strategy and the Environment, Wiley Blackwell, vol. 23(4), pages 217-235, May.
    7. Isabel-María García-Sánchez & Nicola Raimo & Víctor Amor-Esteban & Filippo Vitolla, 2023. "Board committees and non-financial information assurance services," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(1), pages 1-42, March.
    8. Corrigan, Caitlin C., 2018. "Corporate social responsibility and local context: The case of mining in Southern Africa," Resources Policy, Elsevier, vol. 55(C), pages 233-243.
    9. Nuria Calvo & Flora Calvo, 2018. "Corporate social responsibility and multiple agency theory: A case study of internal stakeholder engagement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1223-1230, November.
    10. Roy Cerqueti & Catherine Deffains‐Crapsky & Saverio Storani, 2023. "Green finance instruments: Exploring minibonds issuance in Italy," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1965-1986, July.
    11. Olaf Weber, 2014. "Environmental, Social and Governance Reporting in China," Business Strategy and the Environment, Wiley Blackwell, vol. 23(5), pages 303-317, July.
    12. Olga Chkanikova & Oksana Mont, 2015. "Corporate Supply Chain Responsibility: Drivers and Barriers for Sustainable Food Retailing," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(2), pages 65-82, March.
    13. Merriam Haffar & Cory Searcy, 2017. "Classification of Trade-offs Encountered in the Practice of Corporate Sustainability," Journal of Business Ethics, Springer, vol. 140(3), pages 495-522, February.
    14. Idoya Ferrero-Ferrero & María Ángeles Fernández-Izquierdo & María Jesús Muñoz-Torres, 2016. "The Effect of Environmental, Social and Governance Consistency on Economic Results," Sustainability, MDPI, vol. 8(10), pages 1-16, October.
    15. Metaxas, Theodore & Tsavdaridou, Maria, 2012. "Corporate Social Responsibility (CSR) on Metallurgy Sector in Greece," MPRA Paper 42789, University Library of Munich, Germany.
    16. Idoya Ferrero‐Ferrero & María Ángeles Fernández‐Izquierdo & María Jesús Muñoz‐Torres, 2015. "Integrating Sustainability into Corporate Governance: An Empirical Study on Board Diversity," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(4), pages 193-207, July.
    17. Eugene Burgos Mutuc & Sladjana Cabrilo, 2022. "Corporate social responsibility, intellectual capital and financial performance: evidence from developed and developing Asian economies," Review of Managerial Science, Springer, vol. 16(4), pages 1227-1267, May.
    18. Pons, Adrià & Vintrò, Carla & Rius, Josep & Vilaplana, Jordi, 2021. "Impact of Corporate Social Responsibility in mining industries," Resources Policy, Elsevier, vol. 72(C).

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