Corporations are operating in complex business environments. The globalization of markets has transformed the division of labor between governments and corporations and today, corporations are expected to take over a political role in global governance processes and provide public goods such as...

Stakeholder Theory is a very pluralistic field of research with a large variety of theoretical perspectives and empirical studies. On the one hand this pluralism is a valuable source of creativity, inspiration and innovation, but on the other hand the incoherent claims, messy theoretical...

Purpose Current processes of globalization have increased the challenge for multi-national corporations (MNCs) to retain legitimacy. In order to (re-)gain moral legitimacy, recent studies suggest that MNCs should engage in deliberative dialog processes with their various stakeholders, e.g.,...

Corporate governance practice is mainly centered on the protection of investors' rights. However, this view neglects the fundamental changes in the operating conditions of business due to globalization and the weakening of regulatory frameworks. Weak or absent enforcement of contracts,...