The purpose of this paper is to provide a theoretical framework to investigate ‘CSP-FP relationship’ as a social construction on financial markets. The construction of such a relationship has become a crucial business problem since the legitimacy-building process of actors implied in markets related to corporate social responsibility evaluation and management is closely associated to the belief that ‘ethics and/or social responsibility pay’ – at least in the long run. Consequently, actors’ behaviours and beliefs on these markets can no longer be considered as external to the CSP-FP debate, but should be integrated as an endogenous variable. Moreover, the diffusion of these behaviours and beliefs could also contribute to the effective realization of such a relationship on financial markets and, to some extent, in the business arena. These facts offer the opportunity to reframe theoretically the classical and over-studied debate around ‘the CSP-FP link’ and to propose a new framework describing the various processes of performativity through which actors enact and construct the positive relationship between CSP and FP.

This paper explores the relationship between the corporate social performance (CSP) of subsidiaries and the transfer pricing policies at which multinationals trade with their subsidiaries. In this paper I develop a theoretical framework to propose that, to the extent to which those policies and practices shift income out of the subsidiary, transfer pricing policy may undermine the CSP of that subsidiary. In this way, the subsidiary may lose social legitimacy and incur in higher costs to acquire local resources.

Fairclough’s (1992) model of critical discourse analysis can be used to show how corporate social responsibility, stakeholder identity and the social relations between organisations and stakeholders are socially constructed in the social and environmental reports prepared by companies. An example from doctoral work-in-progress is provided. Preliminary findings suggest the Royal Dutch/Shell Group of Companies construct corporate social responsibility as functionalist and economically-based. Stakeholders, rather than equal partners, are pacified and persuaded to Shell’s understandings about corporate social responsibility.

A framework is given for the discussion of blogs as a form of online business protests against objectionable labor practices. Blogs are described and analyzed regarding responsibility and effectiveness. Future research on the morality and effectiveness of blogs and other types of online business protests is detailed.

This paper argues that research on the business case for corporate social responsibility (CSR) must account for the path dependent nature of firm-stakeholderrelations, and develops the construct of stakeholder influence capacity (SIC) to fill this void. SIC helps to explain why the effects of CSR on corporate financial performance (CFP) vary across firms and across time, therein providing a missing link in the study of the business case. This paper distinguishes CSR from related and confounded corporate resource allocations and from corporate social performance (CSP), then incorporates SIC into a model that explains how acts of CSR are transformed into CFP through stakeholder relationships. This paper also develops a set of propositions to aid future research on the contingencies that produce variable financial returns to investments in CSR.

This paper analyses the areas of philanthropic expenditure prioritized by a sample of 164 large UK companies within a model that draws on economics and stakeholder theory. Broadly, our evidence suggests that firms make systematic choices over the alternative destinations of their philanthropic donations in ways that are rationalisable by reference to the particular strategic benefits that are associated with their business environments. Specifically, we identify statistically significant preferences for medical research among hitechnology companies, environmental causes among firms active in environmentally damaging industries, and educational charities among labour intensive companies. This provides significant support for studies that suggest that philanthropy is increasingly viewedstrategically by companies.

Acknowledging the unique and potentially powerful positions held by activist stakeholders, the author argues that organizations and activists signal thestate of their relationships using public statements about their shared issues of concern as reported by the news media. The findings of three case studies ofAustralia’s major banks and their activist stakeholders over 21 years are reported.

The purpose of this paper is to identify the paradoxes of industry self-regulation and to draw parallels between recent work on collaboration with the notion of control and regulation. Various examples of collaborative control are identified and self-regulation is used to illustrate how the process happens. Suggestions are offered on how collaboration is necessary for future regulatory issues.

When assembling a collaborative initiative, how do you select the appropriate stakeholders to promote collaborative success? We examine the limitations of thestakeholder theory approach to resolving this issue. Instead, we argue that the domain-based perspective and the notion of requisite variety both offer worthwhile perspectives on the issue of participant selection. Combining these perspectives, we pave the way for a theory of participant selection that focuses on evaluating collaborative resources and capabilities at the individual, organizational and domain levels.

This panel considered the uses of and prospects for the stakeholder theory/approach. After 20 years of popularity, the stakeholder concept has still notemerged as a true theory. However, it offers some unique perspectives on business organizations and there is plenty of room to develop stakeholder theory and research. These session notes are offered to further the scholarly discussion.

This paper aims at exploring the relationship between corporate wrongdoing and CEOs’careers. We hypothesize that the managerial labor market does not punish CEOs of companies involved with wrongdoing. The analysis of data on 16 companies charged by the SEC supports this hypothesis.

Labor issues were an important feature of 2004 U.S. presidential campaign rhetoric. The principal reason is the adverse effect on employment, compensation, and pension rights of World Trade Organization (WTO) trade liberalization and other economic trends. The objective of this paper is to investigate six key issues affecting the changing role of labor in the 21st century. (1) One issue is outsourcing of employment from advanced economies to developing and transitional economies. (2) A second issue is immigration of knowledge-skilled labor from developing-transition economies to advanced economies. (3) A third issue is immigration of low-wage service labor from developing-transition to advanced economies. (4) A fourth issue is minimum working conditions, together with compensation and pension rights. (5) A fifth issue is ownership incentives for knowledge-skilled labor (Blair, 1995). (6) A more distant issue is eventual substitution of technology for labor.

In the paper, prior research is criticized for giving privileged position to individual-level managerial characteristics in explaining differences in firm-level socialand political activity. Recognizing cultural differences between firms is offered as a partial solution for improving our understanding. Cultural Theory from anthropology and political science is cited as a guiding framework for fruitful future inquiry.

This workshop introduced the concept of global business citizenship and explored several ways to use the model, its underlying theory, and cases representing it in classroom teaching. Links to peace studies, organizational change exercises, accountability resources, and the use of United Nations Global Compact case studies all received attention.

This paper presents empirical data which allow us to examine how ethical aspects influence ethical consumers’ brand choices on technology-based products,such as washing machines, fridge freezers, and cars. Predicted by the literature review, the majority of our interviewees did make their brand choice based onreliability. However, we found that ethical consumers’ concept of reliability includes not only functionality but also ethical values. The results suggest that we have to reconsider whether considerations of companies’ ethical standards are the only indicators of brand choice as a shortcut of the assessment of business ethics or whether various forms of ethical considerations including ethically reconstructed reliability can also a contribute to this.

This workshop brought together people who are interested in or concerned about the course syllabus. Participants’ concerns and discussion centered on issues such as: 1) the purpose of the syllabus; 2) writing objectives for the course; and 3) evaluation of a syllabus.

It proposed that certain types of human resource (HR) practices can be both normatively rooted and also instrumental in achieving economic goals. Specifically,managers may perceive organizational justice HR practices and work-family conflict HR practices as a legitimate response to these seemingly conflicting interests. Legitimacy evaluations of HR practices by managers are also likely to impact managerial perceptions of organizational reputation.

This paper reports on comparative research on how textual representations of issues related to corporate social responsibility (CSR) in corporate annual reports from Sweden, Canada and the Netherlands have changed over time. The results show a substantial increase on a number of topics that can be linked to the general CSR-discourse in the 2001 sample in comparison to the 1991 and 1981 samples. The rise in the CSR-discourse appears to be related to a drop in other discourses related to issues of social responsibility regarding the social, economic and political development of a company’s native country.

This workshop applied the wisdom circle format, based on the discursive rituals and spiritual practices of Native American tribal councils, to encourage IABSmembers to share personal stories that reveal something of their inner self, as they address the challenges and frustrations of their public lives. By speaking with an “authentic voice” and listening respectfully to others in the circle, a remarkable bond of trust and empathetic understanding emerged in a relatively short period. This innovative learning process encourages both personal reflection and the collective search for “common ground” needed to enable joint problem solving.