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Managing for Political Corporate Social Responsibility – New Challenges and Directions for PCSR 2.0

Journal of Management Studies, Vol. 53 (2016) No. 3, 273-298

39 Pages Posted: 17 Mar 2016 Last revised: 22 Apr 2016

Andreas Georg Scherer

University of Zurich - IBW Department of Business Administration

Andreas Rasche

Copenhagen Business School

Guido Palazzo

University of Lausanne

Andre Spicer

City University London - Sir John Cass Business School

Date Written: March 17, 2016

Abstract

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.

Keywords: business and society, corporate political activity, CSR, globalization, governance

JEL Classification: M00, M10, M14

Suggested Citation

Scherer, Andreas Georg and Rasche, Andreas and Palazzo, Guido and Spicer, Andre, Managing for Political Corporate Social Responsibility – New Challenges and Directions for PCSR 2.0 (March 17, 2016). Journal of Management Studies, Vol. 53 (2016) No. 3, 273-298. Available at SSRN: https://ssrn.com/abstract=2749022

Andreas Scherer (Contact Author)

University of Zurich - IBW Department of Business Administration ( email )

Universitätsstrasse 84
Zurich, 8006
Switzerland
+41 44-63 45302 (Phone)
+41 44-63 45301 (Fax)

HOME PAGE: http://www.business.uzh.ch/professorships/as.html

Andreas Rasche

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Guido Palazzo

University of Lausanne ( email )

Lausanne, Vaud CH-1015
Switzerland

Andre Spicer

City University London - Sir John Cass Business School ( email )

106 Bunhill Row
London, EC1Y 8TZ
United Kingdom

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