Journal Articles

Our paper opens up the “black box” of the government affairs practices conducted by companies in Brussels and draws a comparison between the practices there and those in Washington D.C. We find that, although companies in both sites use similar resources, the daily management practices vary a lot.
If companies make economic and social reasons for their sustainable investments known, they run the risk of their legitimacy being called into question. Our study shows that when individuals assume that a company’s sustainable investments are strategically motivated and driven by economic interests, they will assess companies’ credibility and legitimacy negatively.
There is a lot more work to be done in refining what stakeholder theory is, what it does, and what it doesn’t do. They are also evidence of the increasing importance of the stakeholder approach to management – firms that don’t get on board now are going to be left behind.
When managers fail to successfully consider the interests of all stakeholders, for example, in the event of corporate misconduct, they are often portrayed as the key culprits. We argue, however, that powerful stakeholders are also in part responsible when companies harm weaker stakeholders and society.
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.
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.