Shareholder value versus stakeholder values
CSR and financialization in global food firms
Bibliographic Data
| ID | 4237240 |
|---|---|
| Authors | Bryn Jones (0000-0001-9296-367X, University of Bath), Paul Nisbet (0000-0003-1490-760X, University of Bath) |
| Year | 2011 |
| Volume | 9 |
| Issue | 2 |
| Pages | 287-314 |
| Publication date | 2011-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ser/mwq033 |
| OpenAlex | W1981416353 |
| Language | EN |
| Citations received | 9 |
| References cited | 25 |
Can corporate social responsibility (CSR) complement or even replace unalloyed market forces, or state regulation and intervention? This article examines the scope of CSR amongst a test case of transnational food manufacturing corporations. It focuses on the determinants of CSR that stem from the financialization of business strategies and how these define and prioritize social commitments and roles within such firms' internal organization. CSR policies, shareholder-value strategies and the rationalization of UK operations amongst four of the biggest global firms show a bias towards 'external' and brand-related priorities rather than 'internal' ones of job security and the social capital of workplace communities. The negotiated closure of two specific plants confirms an incompatibility between treating employees as stakeholders and, on the other hand, CSR as a business strategy. The 'financialized' approach to shareholder value shapes business strategy to prioritize corporate brand image and reputation rather than attempting sustainable operations and stakeholder partnerships.
Business · Corporate governance · Corporate social responsibility · Economics · Enterprise value · Financialization · Management · Political science · Public relations · Shareholder · Shareholder value · Stakeholder · Stakeholder Theory · Value (mathematics) · Accounting · Finance · Housing, Finance, and Neoliberalism · Management and Organizational Studies · Mathematics · Political Economy and Marxism
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Free us up so we can be responsible!' The co-evolution of Corporate Social Responsibility and neo-liberalism in the UK, 1977-2010
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Financialization of the global economy
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“Implicit” and “Explicit” CSR
The myth of the ethical consumer – do ethics matter in purchase behaviour?
The political economy of CSR in Western Europe
The Social Responsibility of Business Is to Increase Its Profits
Citizens, Partners or Patrons? Corporate Power and Patronage Capitalism
Behavioural acculturation and demographic characteristics of Asian‐Indian immigrants in the United States of America
How redundancies worsen social inequality
What Will Follow the Demise of Privatised Keynesianism
The contested space of multinationals
Unemployment Scarring
Kellogg's Six-Hour Day
Shareholder value and Financialization
Maximizing shareholder value
| Unique citing works | 9 |
|---|---|
| Citations per year | 0,64 |
| Citation span | 2012 - 2022 (11) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 9 |