The Relationship between Stakeholder Theory and Corporate Social Responsibility: Differences, Similarities, and Implications for Social Issues in Management
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In: Journal of Management Studies, Vol. 58, No. 6, 09.2021, p. 1441-1470.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - The Relationship between Stakeholder Theory and Corporate Social Responsibility: Differences, Similarities, and Implications for Social Issues in Management
AU - Dmytriyev, Sergiy D.
AU - Freeman, R. Edward
AU - Hörisch, Jacob
N1 - Funding Information: The authors thank the general editor Jonathan Doh and the three anonymous reviewers for their very valuable comments and suggestions. Publisher Copyright: © 2021 Society for the Advancement of Management Studies and John Wiley & Sons Ltd.
PY - 2021/9
Y1 - 2021/9
N2 - Although stakeholder theory and corporate social responsibility (CSR) have evolved into major theoretical frameworks for exploring social issues in management, there is a limited and often misleading understanding of the relationship between them that inhibits the management field from adopting a social orientation to a full extent. Our aim is to remove unnecessary barriers that preclude collaboration between scholars in the stakeholder theory and CSR camps; empower organizational scholars and practitioners with a more nuanced language for dealing with social issues in management; and enable the creation of a coherent and integrative theoretical foundation in the area of social issues in management that has previously been at a disadvantage to other areas in management. In our conceptual analysis, we argue that stakeholder theory and CSR provide distinct but complementary theoretical frameworks with some overlap. The actual decision to choose a particular framework depends on the problem one wants to solve and the settings of that problem.
AB - Although stakeholder theory and corporate social responsibility (CSR) have evolved into major theoretical frameworks for exploring social issues in management, there is a limited and often misleading understanding of the relationship between them that inhibits the management field from adopting a social orientation to a full extent. Our aim is to remove unnecessary barriers that preclude collaboration between scholars in the stakeholder theory and CSR camps; empower organizational scholars and practitioners with a more nuanced language for dealing with social issues in management; and enable the creation of a coherent and integrative theoretical foundation in the area of social issues in management that has previously been at a disadvantage to other areas in management. In our conceptual analysis, we argue that stakeholder theory and CSR provide distinct but complementary theoretical frameworks with some overlap. The actual decision to choose a particular framework depends on the problem one wants to solve and the settings of that problem.
KW - corporate responsibility
KW - corporate social responsibility (CSR)
KW - social issues in management
KW - stakeholder theory
KW - Sustainability sciences, Management & Economics
UR - http://www.scopus.com/inward/record.url?scp=85102207009&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/c46fb1e1-fbfd-3103-bca4-a2a22c61db80/
U2 - 10.1111/joms.12684
DO - 10.1111/joms.12684
M3 - Journal articles
AN - SCOPUS:85102207009
VL - 58
SP - 1441
EP - 1470
JO - Journal of Management Studies
JF - Journal of Management Studies
SN - 0022-2380
IS - 6
ER -