Corporations for Future? – Die Zielfunktion der deutschen Aktiengesellschaft im Spiegel unternehmenstheoretischer Überlegungen

Author(s):  
Paul Harenberg

Climate change, (the social implications of) digitization and a stark contrast the between advancing globalization of (financial) markets and politically induced trade warfare shape the global economic and regulatory discourse. An intuitively well- founded demand that is regularly voiced in the context of corresponding debates is that businesses should put more emphasis on ethically responsible conduct and demonstrate more social commitment. Nevertheless, it seems questionable whether this assessment is, in fact, sufficiently substantiated in order to withstand a nuanced scholarly analysis. Large, multinational corporations undeniably possess the ability to exert considerable influence - both positive and negative - on societal progress through their decision-making. There are good arguments, however, to suggest that normatively desirable objectives are actually best achieved by subscribing to a contemporary interpretation of the traditional shareholder value doctrine - and not via the intuitive path of calling on the corporate form to pursue outright societal objectives by way of regulation. In any case, the contemporary discourse shows this: the functional positioning of large corporations in the 21st century-context of Fridays for Future and “homeland first”-politics requires a fundamental reassessment. This paper thus pursues the desirable aim of mapping the legal and economic foundation of the firm - exemplified by the German stock corporation - in its newer and most recent form, thereby setting the stage and providing thought-provoking impulses for future research.

Author(s):  
Alexei Koveshnikov ◽  
Janne Tienari ◽  
Eero Vaara

This chapter focuses on national identity in and around multinational corporations (MNCs). The authors offer three conceptualizations of national identity and demonstrate how it may be studied in MNCs. First, they argue that organizational actors (re)construct their national identities via references to, and associations with, particular ideologies and worldviews. These are rigid constructions, which are deeply rooted in actors’ place in and fundamental views about the world. Second, national identity is (re)constructed through group-level relations vis-à-vis relevant ‘others’ in the specific organizational context. Such constructions are relatively stable but they are relational in the sense that they are rooted in actors’ identification with their cultural group. Finally, national identities are (re)constructed by organizational actors through mundane everyday relations and interaction. These are fluid and temporary constructions contingent on the immediate interests of those involved and the social dynamics of specific interactions. Based on their conceptualization, the authors outline avenues for future research to understand better the changing roles and implications of national identity in modern organizations.


2016 ◽  
Vol 57 (3) ◽  
pp. 385-415 ◽  
Author(s):  
Arjan Reurink

AbstractDespite the ubiquity of illegality in today’s financial markets and the questions this raises with regard to the social legitimacy of today’s financial industry, systematic scrutiny of the phenomenon of financial crime is lacking in the field of sociology. One field of research in which the illegal dimensions of capitalist dynamics have long taken center stage is the field of white-collar crime research. This article makes available to economic sociologists an overview of the most important conceptual insights generated in the white-collar crime literature. In doing so, its aim is to provide economic sociologists with some orientation for future research on financial crime. Building on the insights generated inwccliterature, the article concludes by suggesting a number of promising avenues for future sociological research on the phenomenon of illegality in financial markets.


2019 ◽  
pp. 199-212
Author(s):  
Sarah L. Quinn

This concluding chapter summarizes the main points of the book, points out areas for future research, and draws connections with later developments in securitization and credit programs leading up to the crash of 2007–2008. It also argues that understandings of the limits and possibilities of what people owe to each other and can expect from the state are written into the designs of financial instruments. These understandings help determine the distribution of profits and risks within specific financial transactions. This matters because the distributional politics of credit plays out simultaneously on the level of how credit fits within a political economy and on the level of specific exchanges and loans. The issue, in other words, is not just whether the people of a nation generally use credit to pay for housing or college, but the terms built into those loans. What people do in financial markets, what those financial markets are expected to do—together these dynamics make up the social life of credit in a nation.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Juelin Yin

Purpose This paper aims to understand the characteristics, factors and contingencies of social partnerships between multinational corporations (MNCs) and nonprofits in the context of sustainability that enable or impede the value creation outcome of the collaboration. Design/methodology/approach A multi-case study with 12 social partnerships operating in China was investigated considering their relative representativeness and different value creation outcomes. Findings The author presents a snapshot of the current state and unique differences of social partnerships in China, whereas the existing literature has mostly addressed the topic from a Western context. Moreover, the author highlights the key determinants and contextual features that influence the value creation outcome of social partnerships in China. Research limitations/implications This study concentrates on the social partnerships in the largest emerging country context of China, and the representativeness of data collected from a small sample may be challenged. Likewise, the 12 social partnerships studied are similar in design but vary in sustainability focus. To test the validity of the theorizing, the study calls for future research to apply the proposed theoretical framework across various contexts across both developing and developed world. Practical implications The paper provides guidance to corporate managers and nonprofit decision-makers on how to improve their social partner initiation, operations and governance so as to generate greater collaborative value out of social partnerships in the Chinese market. Social implications This study contributes to the social partnership literature, which has been dominant in the Western context, by offering case evidences from China. Originality/value The study shows that social partnerships are increasingly initiated and sustained in the context of sustainability and corporate social responsibility, with the majority oriented toward “satisficing” instead of “optimizing” and represented mostly with a “philanthropic” and “transactional” approach. The author particularly notes the salience of social exchange, with social partnerships serving as an indirect relational instrument for MNCs to navigate stakeholder relationships in the Chinese market, especially with the dominant resource holder such as the government.


Crisis ◽  
2017 ◽  
Vol 38 (3) ◽  
pp. 202-206 ◽  
Author(s):  
Karl Andriessen ◽  
Dolores Angela Castelli Dransart ◽  
Julie Cerel ◽  
Myfanwy Maple

Abstract. Background: Suicide can have a lasting impact on the social life as well as the physical and mental health of the bereaved. Targeted research is needed to better understand the nature of suicide bereavement and the effectiveness of support. Aims: To take stock of ongoing studies, and to inquire about future research priorities regarding suicide bereavement and postvention. Method: In March 2015, an online survey was widely disseminated in the suicidology community. Results: The questionnaire was accessed 77 times, and 22 records were included in the analysis. The respondents provided valuable information regarding current research projects and recommendations for the future. Limitations: Bearing in mind the modest number of replies, all from respondents in Westernized countries, it is not known how representative the findings are. Conclusion: The survey generated three strategies for future postvention research: increase intercultural collaboration, increase theory-driven research, and build bonds between research and practice. Future surveys should include experiences with obtaining research grants and ethical approval for postvention studies.


2018 ◽  
Author(s):  
Jay Joseph Van Bavel

We review literature from several fields to describe common experimental tasks used to measure human cooperation as well as the theoretical models that have been used to characterize cooperative decision-making, as well as brain regions implicated in cooperation. Building on work in neuroeconomics, we suggest a value-based account may provide the most powerful understanding the psychology and neuroscience of group cooperation. We also review the role of individual differences and social context in shaping the mental processes that underlie cooperation and consider gaps in the literature and potential directions for future research on the social neuroscience of cooperation. We suggest that this multi-level approach provides a more comprehensive understanding of the mental and neural processes that underlie the decision to cooperate with others.


2020 ◽  
Author(s):  
Jay Joseph Van Bavel ◽  
Elizabeth Ann Harris ◽  
Philip Pärnamets ◽  
Steve Rathje ◽  
Kimberly Doell ◽  
...  

The spread of misinformation, including “fake news,” propaganda, and conspiracy theories, represents a serious threat to society, as it has the potential to alter beliefs, behavior, and policy. Research is beginning to disentangle how and why misinformation is spread and identify processes that contribute to this social problem. We propose an integrative model to understand the social, political, and cognitive psychology risk factors that underlie the spread of misinformation and highlight strategies that might be effective in mitigating this problem. However, the spread of misinformation is a rapidly growing and evolving problem; thus scholars need to identify and test novel solutions, and work with policy makers to evaluate and deploy these solutions. Hence, we provide a roadmap for future research to identify where scholars should invest their energy in order to have the greatest overall impact.


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