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Introduction

Corporate Citizenship in a Globalized World

Bibliographic Data

ID20072520
AuthorsAndreas Georg Scherer (0000-0002-8671-1721), Guido Palazzo
Year2008
Publication date2008-07-30
Peer ReviewedYes
Open AccessYes
TypeCHAPTER
VenueHandbook of Research on Global Corporate Citizenship (SOURCE_BOOK)
PublisherEdward Elgar Publishing (PUBLISHER • GB)
DOI10.4337/9781848442924.00006
OpenAlexW2800510909
ISBN9781848442924
LanguageEN
Citations received2
References cited25

In market societies economic exchange requires the existence and enforcement of rules that the market cannot generate itself. Although the dimensions and limits of state intervention have always been a matter of debate, it is indisputable that certain rules need to be implemented for an economy to function properly and contribute to the common good. Consequently, many theories of society assume that these rules will be created and enforced by national states. In this scenario the state determines formal regulations and delineates the sphere of private freedom within which individual citizens and private businesses are entitled to conclude contracts and pursue their private interests. Formal rules as embodied in the law are complemented by the informal norms of common decency which define the regulatory framework of business behavior in modern societies. With the help of this framework, modern society makes efficient use of available resources and entrepreneurial capacity. If this regulatory framework is properly defined and enforced, these governance structures will establish incentives so that the egoistic motives of business people in their consequences contribute to private profit as well as to the common good

Citizenship · Political science · Politics · Corporate Social Responsibility Reporting · Family Business Performance and Succession · Global and Cross-Cultural Management · Law

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    Open Access•Guido Palazzo, Andreas Georg Scherer•Journal of Business Ethics•2006

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Unique citing works2
Citations per year0,15
Citation span2013 - 2015 (3)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 2

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