TY - JOUR
T1 - Managing for Political Corporate Social Responsibility
T2 - New Challenges and Directions for PCSR 2.0
AU - Scherer, Andreas Georg
AU - Rasche, Andreas
AU - Palazzo, Guido
AU - Spicer, André
PY - 2016/5
Y1 - 2016/5
N2 - This article takes stock of the discourse on ‘political CSR’ (PCSR), reconsiders some of its assumptions, and suggests new directions for what we call ‘PCSR 2.0’. We start with a definition of PCSR, focusing on firms’ contribution to public goods. We then discuss historical antecedents to the debate and outline the original economic and political context. The following section explores emerging changes in the institutional context relevant to PCSR and reconsiders some of the assumptions underlying Habermas’ thesis of the postnational constellation. This highlights some neglected issues in previous works on PCSR, including the influence of nationalism and fundamentalism, the role of various types of business organisations, the return of government regulation, the complexity of institutional contexts, the efficiency of private governance, the financialization and digitalization of the economy, and the relevance of managerial sensemaking. Finally, we discuss the contributions to this special issue and relate them to the newly emerging research agenda.
AB - This article takes stock of the discourse on ‘political CSR’ (PCSR), reconsiders some of its assumptions, and suggests new directions for what we call ‘PCSR 2.0’. We start with a definition of PCSR, focusing on firms’ contribution to public goods. We then discuss historical antecedents to the debate and outline the original economic and political context. The following section explores emerging changes in the institutional context relevant to PCSR and reconsiders some of the assumptions underlying Habermas’ thesis of the postnational constellation. This highlights some neglected issues in previous works on PCSR, including the influence of nationalism and fundamentalism, the role of various types of business organisations, the return of government regulation, the complexity of institutional contexts, the efficiency of private governance, the financialization and digitalization of the economy, and the relevance of managerial sensemaking. Finally, we discuss the contributions to this special issue and relate them to the newly emerging research agenda.
KW - Business and society
KW - Corporate political activity
KW - CSR
KW - Globalization
KW - Governance
KW - Business and society
KW - Corporate political activity
KW - CSR
KW - Globalization
KW - Governance
U2 - 10.1111/joms.12203
DO - 10.1111/joms.12203
M3 - Journal article
VL - 53
SP - 273
EP - 298
JO - Journal of Management Studies
JF - Journal of Management Studies
SN - 0022-2380
IS - 3
ER -