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Binding stakeholders into moral communities: A review of studies on social responsibility of business

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  • Nair, Tara S.
  • Pradhan, Rachayeeta

Abstract

This paper revisits the issue of business social responsibility with a view to reiterate its relevance in the contemporary scenario characterised by an overarching presence of private businesses and blurring of the barriers between not-for-profit and for-profit enterprises. The paper reviews the evolution of major theoretical positions of business social responsibility to demonstrate how the basic understanding of the term traversed through time and alongside changes in forms of business organisation and interpretations of the morality of private property. It draws on stakeholding and social contract theories to underscore the moral and social responsibility of businesses to broaden their vision beyond profit and stakeholder value.

Suggested Citation

  • Nair, Tara S. & Pradhan, Rachayeeta, 2010. "Binding stakeholders into moral communities: A review of studies on social responsibility of business," MPRA Paper 20767, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:20767
    as

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    References listed on IDEAS

    as
    1. Lorenzo Sacconi, 2004. "Corporate social responsibility (CSR) as a model of "extended" corporate governance. an explanation based on the economic theories of social contract, reputation and reciprocal conformism," LIUC Papers in Ethics, Law and Economics 142, Cattaneo University (LIUC).
    2. Scott L. Thomas, 2000. "Ties That Bind," The Journal of Higher Education, Taylor & Francis Journals, vol. 71(5), pages 591-615, September.
    3. MaryAnn Reynolds & Kristi Yuthas, 2008. "Moral Discourse and Corporate Social Responsibility Reporting," Journal of Business Ethics, Springer, vol. 78(1), pages 47-64, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    social responsibility; stakeholder; social contract; moral communities;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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