Sustainability and the Transformation of the Socialist Corporation into the Private Corporation: Three Lost Decades?

In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming).

University of Oslo Faculty of Law Research Paper No. 2019-27

Posted: 8 May 2019

See all articles by Liviu Damsa

Liviu Damsa

University of Warwick - School of Law

Date Written: May 6, 2019

Abstract

This chapter provides an analysis of the transformation of the corporate landscape in Central Eastern Europe after 1989, by reference to the sustainable development goals. The argument is that the neoliberal prescriptions to transform the socialist corporate landscape were so antithetical to sustainability goals that the corporations resulting from that transformation have actually pushed the reach of sustainability goals further away. The corporations resulting from the transformation will not pursue any sustainability goals without tremendous international pressure, as national corporate cultures and social realities developed during this transformation hinder the pursuit of sustainable development.

Keywords: Sustainable Development Goals, Central Eastern European Corporate Law, Neoliberalism and Law, Transformation of Socialist Corporations

Suggested Citation

Damsa, Liviu, Sustainability and the Transformation of the Socialist Corporation into the Private Corporation: Three Lost Decades? (May 6, 2019). In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming).; University of Oslo Faculty of Law Research Paper No. 2019-27. Available at SSRN: https://ssrn.com/abstract=3383459

Liviu Damsa (Contact Author)

University of Warwick - School of Law ( email )

Coventry, West Midlands
United Kingdom

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