Paradigms for Sustainable Development: Implications of Management Theory

Saurav Dutta, Raef Lawson and David Marcinko

Corporate Social Responsibility and Environmental Management, 2012, vol. 19, issue 1, 1-10

Abstract: We provide a framework for examining the trade‐offs between socio‐environmental, organizational, and managerial goals. Using this framework we examine management choices under agency and stewardship theories. We advance a theory of social stewardship to explain behavior inconsistent with both agency and stewardship. We illustrate that social stewardship behavior by managers and principals, while best from a societal perspective, is not a viable management approach under current business and regulatory conditions. This conclusion is vital to public policymakers who seek to foster socially desirable behavior by publicly traded companies. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment.

Date: 2012
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:19:y:2012:i:1:p:1-10

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