In spite of the thousands of articles on stakeholder theory, research on value creation has had a shorter history and narrower breadth. Only a few studies have researched value creation from stakeholder perspective looking at how stakeholders appropiate value or the processes or activities by...

We argue that our current approach to shareholder wealth maximization is no longer a valid guide to creation of sustainable wealth: An emphasis on short-term results has had the unintended consequence of forcing many firms to externalize their social and environmental costs. An unwavering faith...

The aim of this article is to develop a better understanding of the institutional and organizational roots of Corporate Social Responsibility. In the first step, we seek to understand the origins of the widespread call for Corporate Social Responsibility. We distinguish an institutional call...

Little is known about credit unions' engagement with corporate social responsibility (CSR), even though they collectively have significant impacts on society in developed as well as developing countries through widening access to financial services. By means of case studies, this paper seeks to...

Der Global Compact (GC) der Vereinten Nationen versteht sich nicht als Regulierungsinitiative, sondern als freiwilliges Lern- und Dialogforum fuer Corporate Citizenship. Dieser Beitrag entwickelt Vorschlaege, wie der GC diesem Anspruch (noch besser) gerecht werden kann. Hier geht es um...

We use the neo-institutional and legitimacy theoretical perspective in order to analyze the “business case” i.e. the arguments in favor of sustainable development and best practices, stated by organizations of “The Big Model Companies” that are commited in CSR and want to incitate...