Other People’s Money: CSR Goes to the Movies

2020 ◽  
pp. 237929812094277
Author(s):  
John F. McArdle ◽  
Alice J. de Koning
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Theory ◽  
Teaching Tool ◽  
Board Governance ◽  
Shareholder Primacy ◽  
Corporate Social

We review the film Other People’s Money as a teaching tool for introducing concepts of corporate social responsibility and board governance. The film’s climactic shareholder meeting contains two vivid examples of stakeholder theory and shareholder primacy illustrated through the competing election speeches made by the lead characters. Our article provides step-by-step instructions for how to use the film to explore these concepts and discusses ways to enhance student competency in this area.

scholarly journals Theoretical Perspectives on Corporate Social Responsibility Disclosure: A Critical Review

2015 ◽  
Vol 5 (2) ◽  
pp. 38 ◽  
Author(s):  
Mohamed A. Omran ◽  
Dineshwar Ramdhony
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Theory ◽  
Social Contract ◽  
Critical Review ◽  
Developed Countries ◽  
Legitimacy Theory ◽  
Theoretical Perspectives ◽  
Csr Disclosure ◽  
Corporate Social

This study provides an extensive critical review of the theoretical perspectives applied on corporate social responsibility (CSR) disclosure literature. From a CSR standpoint we review and discuss, in detail, legitimacy theory, stakeholder theory, social contract theory, and signalling theory to identify the situations that suit each of these perspectives. The findings show that there is no universal theory applicable on corporate social responsibility disclosure for all situations or societies. While legitimacy theory suggests CSR disclosures are part of a process of legitimation, stakeholder theory offers an explanation of CSR accountability to stakeholders. Legitimacy theory seems to be more suitable for organizations working in developed countries, on the other hand, stakeholder theory appears to be most suitable for organizations working in developing countries; where a corporation can manage its stakeholders and the pressure to comply with existing legislation is less as compared to the developed countries. Social contract theory is appropriate for developed/emerged economies, as CSR disclosure exists due to an implicit social contract between business and society, which implies some indirect obligations of business towards society. Signalling theory will suit a situation where firms are competing for resources. A firm willing to demarcate from other firms will engage in more CSR practices. It is also important that the signal reaches the target audience by reporting on CSR. 

Corporate social responsibility in sport: Stakeholder management in the UK football industry

2010 ◽  
Vol 16 (4) ◽  
pp. 566-586 ◽  
Author(s):  
Geoff Walters ◽  
Richard Tacon
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Theory ◽  
Stakeholder Management ◽  
Professional Football ◽  
Football Club ◽  
Wide Range ◽  
The Uk ◽  
Corporate Social ◽  
Football Industry

AbstractCorporate social responsibility (CSR) has become increasingly significant for a wide range of organisations and for the managers that work within them. This is particularly true in the sport industry, where CSR is now an important area of focus for sport organisations, sport events and individual athletes. This article demonstrates how CSR can inform both theoretical debates and management practice within sport organisations. It does so by focusing on stakeholder theory, which overlaps considerably with CSR. In this article, stakeholder theory is used to examine three major CSR issues: stakeholder definition and salience, firm actions and responses, and stakeholder actions and responses. These three issues are considered in the context of the UK football industry. The article draws on 15 semi-structured qualitative interviews with senior representatives from a number of different organisations. These include the director of a large professional football club; a chief executive of a medium-sized professional football club in addition to the supporter-elected director; and the vice-chairman of a small professional football club. Additional interviews were undertaken with five representatives from national supporter organisations, two board members at two large supporter associations, two representatives from the Football League, one representative from the Independent Football Commission, and a prominent sports journalist. The analysis of the interview data illustrates ways in which CSR can be implemented by sport organisations through stakeholder management strategies. The article concludes that stakeholder theory has both conceptual and empirical value and can be used to illuminate key issues in sport management.

Stakeholder theory and corporate social responsibility

2012 ◽  
pp. 235-264
Author(s):  
R. Edward Freeman ◽  
Jeffrey S. Harrison ◽  
Andrew C. Wicks ◽  
Bidhan L. Parmar ◽  
Simone de Colle
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Theory ◽  
Corporate Social

Understanding the Roots of Shareholder Primacy

2019 ◽  
pp. 138-167
Author(s):  
Olivier Weinstein
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Legal Framework ◽  
Shareholder Primacy ◽  
Business Objectives ◽  
Legal Reforms ◽  
The Law ◽  
Anglo American ◽  
Corporate Social

This chapter reviews the law of directors’ duties in a number of Anglo-American countries to assess what influence directors’ duties have had on the extent to which directors are adopting stakeholder approaches. This data allows conclusions to be drawn regarding the extent to which legal reforms are required in the area of directors’ duties to create an enabling legal framework for corporate social responsibility. The chapter also presents the results of research on the business objectives of corporations, which provides insights into how corporations themselves define their purposes. The legal interpretations of the purpose of the corporation can then be contrasted with interpretations based on directors’ views and what corporations themselves state in their business objectives.

Does the Stakeholder Theory Constitute a New Kind of Theory of Social Responsibility?

1993 ◽  
Vol 3 (2) ◽  
pp. 171-176 ◽  
Author(s):  
Thomas L. Carson
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Theory ◽  
The Third ◽  
Corporate Social

In a recent paper, Kenneth Goodpaster formulates three versions of the stakeholder theory of corporate social responsibility. He rejects the first two versions and endorses the third. I argue that the theory that Goodpaster defends under the name “stakeholder theory” is a version (albeit a somewhat different version) of Milton Friedman’s theory of corporate social responsibility. I also argue that the first two formulations of the stakeholder theory which Goodpaster discusses are at most only slight modifications of other theories. I conclude by formulating a fourth version of the stakeholder theory which I believe does constitute a substantial departure from earlier theories of social responsibility.

scholarly journals An empirical exploration of the link between reporting to stakeholders and corporate social responsibility reputation in the Spanish context

2017 ◽  
Vol 30 (3) ◽  
pp. 668-698 ◽  
Author(s):  
Andrea Pérez ◽  
Carlos López ◽  
María del Mar García-De los Salmones
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Theory ◽  
Complete Information ◽  
Future Research ◽  
Content Type ◽  
The Great Recession ◽  
Corporate Reporting ◽  
The Media ◽  
Corporate Social

Purpose Based on the principles of stakeholder theory, the purpose of this paper is to explore the relationship between the information reported to stakeholders in corporate social responsibility (CSR) reports and companies’ CSR reputation (CSRR). Design/methodology/approach The paper implements two regression models to test how reporting to stakeholders influences the CSRR of 84 companies included in the Spanish “MercoEmpresas Responsables” reputation index. Findings The results demonstrate that greater global reporting intensity to stakeholders does not necessarily mean a better CSRR. Contrarily, the reporting-reputation link depends on the intensity of reporting to specific stakeholders such as investors, regulators and the media. The findings are explained largely by the institutional, political and business characteristics of Spain after the Great Recession of 2007-2008. Research limitations/implications The evidence reported in this paper confirms stakeholder theory as an adequate framework to understand corporate reporting to stakeholders and its relationship with CSRR. The findings suggest that stakeholder salience (i.e. power, legitimacy and urgency) is a key concept for understanding the reporting-reputation link better in future research. Practical implications In the light of the findings, companies willing to use reporting to stakeholders as a tool to improve CSRR should establish regular mechanisms for monitoring stakeholder power, legitimacy and urgency, provide complete information to investors in their CSR reports and minimize the amount of detail provided to regulators and the media in their CSR reports. Originality/value There is still little empirical evidence concerning how the information to stakeholders contained in CSR reports influences the processes by which CSRR is built or destroyed. This paper contributes to the previous literature by describing how the global intensity of reporting to stakeholders and the intensity of reporting to different stakeholder groups relate to CSRR.

scholarly journals EDITORIAL: Corporate governance, accounting and finance research outlook

2019 ◽  
Vol 16 (2) ◽  
pp. 4-6
Author(s):  
Doriana Cucinelli
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Accounting Standards ◽  
Board Governance ◽  
Corporate Ownership ◽  
Corporate Social Responsibility Reporting ◽  
Corporate Social ◽  
And Control ◽  
Governance Disclosure

The recent volume of the journal “Corporate Ownership and Control” is devoted to very interesting issues related to the corporate governance such as accounting standards, efficacy of board governance, corporate social responsibility reporting, corporate governance disclosure, ownership and firms’ performance.

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