Self-regulation: between internal and external dynamics

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Chapter 8 in The Governance of Global Industry Associations, 2022, pp 140-161 from Edward Elgar Publishing

Abstract: Industry associations are very often engaged in the adoption of rules governing the behavior of industry. In business, self-regulation is often preferred to public regulation as it offers business a stronger input into regulation and gives it stronger legitimacy among corporations. With self-regulation, associations are authorized to decide and implement rules with the goal of securing the compliance of members, and this provides associations with a strong role that helps prevent traditional public regulation. However, negotiations over rules, their implementation and policing may lead to conflicts between individual members, between members and associations and between associations and public agencies and other interested parties in their environment. These processes display different facets of political conflict.

Keywords: Business and Management; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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