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

26 Pages Posted: 11 Apr 2016

See all articles by Andreas Georg Scherer

Andreas Georg Scherer

University of Zurich

Andreas Rasche

Copenhagen Business School

Guido Palazzo

University of Lausanne

André Spicer

City University London - Sir John Cass Business School

Date Written: May 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

Suggested Citation

Scherer, Andreas Georg and Rasche, Andreas and Palazzo, Guido and Spicer, André, Managing for Political Corporate Social Responsibility: New Challenges and Directions for PCSR 2.0 (May 2016). Journal of Management Studies, Vol. 53, Issue 3, pp. 273-298, 2016. Available at SSRN: https://ssrn.com/abstract=2761649 or http://dx.doi.org/10.1111/joms.12203

Andreas Georg Scherer (Contact Author)

University of Zurich

Rämistrasse 71
Zürich, CH-8006
Switzerland

Andreas Rasche

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Guido Palazzo

University of Lausanne ( email )

Quartier Chambronne
Lausanne, Vaud CH-1015
Switzerland

André Spicer

City University London - Sir John Cass Business School

106 Bunhill Row
London, EC1Y 8TZ
United Kingdom

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