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Sarah Stephen

Lecturer in Strategy and Business Ethics at the University of Liverpool, United Kingdom. She holds a PhD in Economics, specialising in Management, from the University of Lausanne, Switzerland. Her research focuses on the intersection of society, the environment, and organizations, particularly in relation to environmental responsibility, ESG and responsible investing, climate action, and ethical decision-making.

Pressure or commitment – What is driving companies to take environmental efforts to the next level?

This research considers how manufacturing companies in the United Kingdom respond to competitive pressures to address environmental concerns and what role this particular pressure source plays in determining their level of response. The research then considers the role played by internal company commitment towards addressing environmental concerns in determining the level of response.

Prioritising new wealth creation over wealth transfer

We seek to better explain the mechanisms that control the unaccountable transfer of wealth, through a re-imagination of the accounting concepts of capital maintenance—which references “the amount [of capital] an individual [or firm] can consume and expect to be as well off at the end of the [period] as at the beginning”—and profit.

Stakeholder Theory Unleashed

In 2015, a group of influential strategic management scholars convened a workshop in Utah to discuss and debate stakeholder theory. One outcome of this meeting was a list of supposed tensions emerging from that group’s understanding of stakeholder theory and its relationship to mainstream strategic management. Our piece is a reaction to this list of tensions.

The taboos and ambiguities of CSR narratives

By Aurélien Feix and Déborah Philippe Narratives about the emergence, spread and impact of Corporate Social Responsibility (CSR) practices, generated by organizations such as the United Nations Global Compact (UNGC) are fraught with ambiguity as they avoid addressing problematic matters.…