Sustainability, Stakeholder Governance, and Corporate Social Responsibility: (38 Advances in Strategic Management)

Scholarly interest in the areas of sustainability, stakeholder relations and corporate social responsibility (CSR) has increased considerably in recent years. In this volume, we take a step back to consider the fundamental questions that underlie and tie research across these areas together. The chapters in this volume cover a wide range of theoretical perspectives grounded in strategy, economics and sociology, employ various methodological approaches, and offer new arguments on the connections that exist between firms’ decisions relating to sustainability, CSR, and the governance of their stakeholder relations. The chapters in this volume highlight that business decisions relating to sustainability and CSR are ultimately decisions about the governance of stakeholder relations, and suggest that future work in these areas should consider more closely both the firms and their stakeholders as strategic actors driving firm decisions.

Table of Contents:
Introduction: Contemplating the Connections between Sustainability, Stakeholder Governance and Corporate Social Responsibility; Sinziana Dorobantu, Ruth Aguilera, Jiao Luo and Frances Milliken PART I: OWNERSHIP AND ITS IMPLICATIONS FOR SUSTAINABILITY, STAKEHOLDER GOVERNANCE AND CSR  Stakeholders and Corporate Social Responsibility: An Ownership Perspective; Peter Klein and Nicolai Foss  Public vs. Private Firms: Energy Efficiency, Toxic Emissions and Abatement Spending; Rachelle Sampson and Maggie Zhou  The Interdependence of Public and Private Stakeholder Influence: A Study of Political Patronage and Corporate Philanthropy in China; Nan Jia, Jing Shi and Yongxiang Wang  State-owned Multinationals and Drivers of Sustainability Practices: An Exploratory Study of National Oil Companies; Andrew Inkpen and Kannan Ramaswamy  PART II: STAKEHOLDER ALIGNMENT AND COALITIONS  Governing the Void between Stakeholder Management and Sustainability; Michael Barnett, Irene Henriques and Bryan Husted  Venture Capital’s Role in Creating a More Sustainable Society: The Role of Exits in Clean Energy’s Investment Growth; Ari Ginsberg and Alfred Marcus  CSR Strategic Implementation in MNEs: The Role of Subsidiaries' Stakeholders; Anne Jacqueminet and Lilach Trabelsi  Large Corporations, Social Capital and Community Philanthropy; Matthew Lee and Chrisopher Marquis  Re-Thinking the CSP-CFP Linkage: Analyzing the Social Mechanisms Involved in Translating Socially-Responsible Behavior to Financial Performance; Afshin Mehrpouya and Imran Chowdhury  PART III: DYNAMIC EVOLUTION OF CONCEPTS AND INDUSTRY PRACTICES  Naturalizing Sustainability: How Industry Actors Make Sense of a Threatening Concept; Jean-Baptiste Litrico and Mary Dean Lee  Doing Well by Doing Good: A Comparative Analysis of ESG Standards for Responsible Investment; Emily Barman  The Effect of Market and Nonmarket Competition on Firm and Industry Corporate Social Responsibility (CSR); Olga Hawn and Hyoung-Goo Kang  Gone with the Wind: The Evolving Influence of Social Movements and Countermovements on Entrepreneurial Activity in the U.S. Wind Industry; Chad Carlos, Wesley Sine, Brandon Lee, and Heather Haveman  The Association Between Ethics and Stakeholder Theory; Don Lange and Jonathan Bundy 

About the Author :
Sinziana Dorobantu is an Assistant Professor of Management and Organizations at the Stern School of Business at New York University, USA. Her research spans the areas of non-market strategy, stakeholder governance, and global strategy, and focuses on understanding the financial value and evolution of stakeholder engagement strategies, particularly in infrastructure industries.Ruth V. Aguilera is a Professor in the Department of International Business and Strategy at the D’Amore-McKim School of Business at Northeastern University, USA. She is interested in research at the intersection of strategic organization and international business, with a focus on comparative corporate governance and corporate social responsibility. Jiao Luo is an Assistant Professor of Strategic Management & Entrepreneurship at the Carlson School of Management at the University of Minnesota, USA. Jiao’s research interests lie at the intersection of non-market strategy and organization theory, with a focus on the drivers and social impact of corporate social responsibility activities. Frances J. Milliken is a Professor of Management and holds the Arthur E. Imperatore Professorship in Entrepreneurial Studies at the Stern School of Business at New York University, USA. Her primary research interests are in how organizational contexts shape the interactions between people in an organization and in corporate social responsibility.

Review :
This volume contains 14 essays by business, management, and sociology scholars from North America, Europe, and Singapore, who examine the relationship between sustainability, stakeholder governance, and corporate social responsibility. They address ownership and its implications for sustainability, stakeholder governance, and corporate social responsibility, including the implications of differences in ownership in terms of public vs. private firms and the role of state ownership; stakeholder alignment and coalitions, including the role of government in shaping firm incentives when dealing with issues like environmental protection, venture capital's role in creating a more sustainable society, corporate social responsibility strategic implementation in multinational enterprises, the effects of large corporations on community philanthropy, and the relationship between corporate social performance and financial performance; and the evolution of concepts and industry practices, including conceptions of sustainability in the civil aviation industry, differences between different sets of environmental, social, and governance standards, the effect of market and non-market competition on firm and industry corporate social responsibility, the influence of social movements and counter-movements on entrepreneurial activity in the US wind industry, and the relationship between ethics and stakeholder theory.