Journal of Business Ethics 82 (3):755-773 (2008)

Abstract
This article explains problems and opportunities created by standardized ethics initiatives (e.g., the UN Global Compact, the Global Reporting Initiative, and SA 8000) from the perspective of stakeholder theory. First, we outline differences and commonalities among currently existing initiatives and thus generate a common ground for our discussion. Second, based on these remarks, we critically evaluate standardized ethics initiatives by drawing on descriptive, instrumental, and normative stakeholder theory. In doing so, we explain why these standards are helpful tools when it comes to ‘managing’ stakeholder relations but also face considerable limitations that can eventually hamper their successful expansion. We suspect that this discussion is necessary to conduct meaningful empirical research in the future and also to provide managers with a more clear-cut picture about a successful application of such initiatives. Third, we outline possible ways to cope with the identified problems and thus demonstrate how standard-setting institutions can improve the initiatives they offer.
Keywords accountability standards  compliance  corporate accountability  social audits  stakeholder theory  stakeholder dialog  ethical supply chains
Categories (categorize this paper)
DOI 10.1007/s10551-007-9591-1
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 70,079
Through your library

References found in this work BETA

Moral Consciousness and Communicative Action.David M. Rasmussen - 1993 - Philosophical Quarterly 43 (173):571.

View all 46 references / Add more references

Citations of this work BETA

View all 29 citations / Add more citations

Similar books and articles

Putting a Stake in Stakeholder Theory.Eric W. Orts & Alan Strudler - 2009 - Journal of Business Ethics 88 (S4):605 - 615.
Freeman and the Normative Turn in Stakeholder Theorizing.Ben Wempe - 2006 - Proceedings of the International Association for Business and Society 17:274-279.
Whither Stakeholder Theory? A Guide for the Perplexed Revisited.John Hasnas - 2013 - Journal of Business Ethics 112 (1):47-57.
Altruism (Stakeholder Theory) Versus Business Ethics.Tibor R. Machan - 2007 - Proceedings of the International Association for Business and Society 18:453-456.
Decentered Stakeholder Theory: Toward a Research Agenda.Dominic Kaeslin, Ruth Schmitt & Jerry Calton - 2007 - Proceedings of the International Association for Business and Society 18:448-452.
Stakeholder Management Theory: A Critical Theory Perspective.Darryl Reed - 1999 - Business Ethics Quarterly 9 (3):453-483.
Three Elements of Stakeholder Legitimacy.Adele Santana - 2012 - Journal of Business Ethics 105 (2):257-265.
Stakeholder Social Capital: A New Approach to Stakeholder Theory.Elisabet Garriga Cots - 2011 - Business Ethics, the Environment and Responsibility 20 (4):328-341.
A Dynamic Perspective in Freeman’s Stakeholder Model.Yves Fassin - 2010 - Journal of Business Ethics 96 (S1):39-49.

Analytics

Added to PP index
2009-01-28

Total views
78 ( #148,259 of 2,506,037 )

Recent downloads (6 months)
1 ( #416,828 of 2,506,037 )

How can I increase my downloads?

Downloads

My notes