Harnessing SD and CSR within corporate self-regulation of weak economies: A Meta-regulation approach
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2013
Authors
Rahim, M.M.
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Journal article
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Business and Society Review, 2013; 118(4):513-537
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Abstract
The semantic of the terms “sustainable development”and “corporate social responsibility” have changed overtime to a point where these concepts have become two interrelated processes for ensuring the far-reaching development of society. Their convergence has given dimension to the environmental and corporate regulation mechanisms in strong economies. This article deals with the question of how the ethos of this convergence could be incorporated into the self-regulation of businesses in weak economies where nonlegal drivers are either in adequate or inefficient. It proposes that the policies for this incorporation should be based on the precepts of meta-regulation that have the potential to hold force majeure, economic incentives, and assistance-related strategies to reach an objective from the perspective of weak economies.
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Copyright 2013 Center for Business Ethics at Bentley University. Published by Wiley Periodicals, Inc.