Models of the relationship of the firm to society
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Abstract: Authors of books on business ethics and corporate social responsibility fall into two general approaches when they answer the question: ‘Why should a business firm, which represents private property, have greater obligations to the local community than an ordinary citizen?’ Authors generally subscribe to a ‘rights’ approach or to a ‘power’ model. This paper will present four rights approaches and three power models which are used to describe the relationship of the firm to society. Introducing these different approaches and models will be two brief expositions which provide the setting for determining the relationship of a firm to society. The first traces two lines to the development of the contemporary American corporation. The second views the business corporation as a quasi-public institution.
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DOI: 10.1007/BF00383624
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This paper will present four rights approaches and three power models which are used to describe the relationship of the firm to society. Introducing these different approaches and models will be two brief expositions which provide the setting for determining the relationship of a firm to society. The first traces two lines to the development of the contemporary American corporation. The second views the business corporation as a quasi-public institution.</div></front></TEI><istex><corpusName>springer</corpusName><copyrightdate>1986</copyrightdate><author><json:item><name>Thomas F. McMahon</name><affiliations><json:string>Loyola University, 820 N. 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This paper will present four rights approaches and three power models which are used to describe the relationship of the firm to society. Introducing these different approaches and models will be two brief expositions which provide the setting for determining the relationship of a firm to society. The first traces two lines to the development of the contemporary American corporation. 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Reidel Publishing Company</CopyrightHolderName><CopyrightYear>1986</CopyrightYear></IssueCopyright></IssueInfo><Article ID="Art4"><ArticleInfo Language="En" ArticleType="OriginalPaper" NumberingStyle="Unnumbered" TocLevels="0" ContainsESM="No"><ArticleID>BF00383624</ArticleID><ArticleDOI>10.1007/BF00383624</ArticleDOI><ArticleSequenceNumber>4</ArticleSequenceNumber><ArticleTitle Language="En">Models of the relationship of the firm to society</ArticleTitle><ArticleCategory>Ethics And Excellence: Values In Corporations</ArticleCategory><ArticleSubCategory>The 2nd DePaul University & Society Of Business Ethics Conference, July 1984</ArticleSubCategory><ArticleFirstPage>181</ArticleFirstPage><ArticleLastPage>191</ArticleLastPage><ArticleHistory><RegistrationDate><Year>2004</Year><Month>9</Month><Day>11</Day></RegistrationDate></ArticleHistory><ArticleCopyright><CopyrightHolderName>D. 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Michigan Ave.</Street><Postcode>60611</Postcode><City>Chicago</City><State>IL</State><Country>U.S.A.</Country></OrgAddress></Affiliation></AuthorGroup><Abstract ID="Abs1" Language="En"><Heading>Abstract</Heading><Para>Authors of books on business ethics and corporate social responsibility fall into two general approaches when they answer the question: ‘Why should a business firm, which represents private property, have greater obligations to the local community than an ordinary citizen?’ Authors generally subscribe to a ‘rights’ approach or to a ‘power’ model. This paper will present four rights approaches and three power models which are used to describe the relationship of the firm to society. Introducing these different approaches and models will be two brief expositions which provide the setting for determining the relationship of a firm to society. The first traces two lines to the development of the contemporary American corporation. The second views the business corporation as a quasi-public institution.</Para></Abstract><ArticleNote Type="Misc"><SimplePara><Emphasis Type="Italic">Thomas F. McMahon, C.S.V., is Director at the Loyola Center for Values in Business, Loyola University of Chicago. He presently holds a post as Director of the Loyola Center for Values in Business. He is professor of Socio-Legal Studies. His most important publications are</Emphasis> Report on the Teaching of Business Ethics <Emphasis Type="Italic">(University of Virginia, 1975)</Emphasis>, The Brewer-Wholesaler Relationship <Emphasis Type="Italic">(Cambridge Center for Social Studies, 1968) and ‘The Moral Aspects of Power’, in</Emphasis> Power and the Word of God <Emphasis Type="Italic">(Concilium, 1973)</Emphasis>.</SimplePara></ArticleNote></ArticleHeader><NoBody></NoBody></Article></Issue></Volume></Journal></Publisher></istex:document></istex:metadataXml><mods version="3.5"><titleInfo lang="eng"><title>Models of the relationship of the firm to society</title></titleInfo><titleInfo type="alternative" lang="eng"><title></title></titleInfo><name type="personal"><namePart type="given">Thomas F.</namePart><namePart type="family">McMahon</namePart><affiliation>Loyola University, 820 N. Michigan Ave., 60611, Chicago, IL, U.S.A.</affiliation><role><roleTerm type="text">author</roleTerm></role><description>C.S.V.</description></name><typeOfResource>text</typeOfResource><genre>Ethics And Excellence: Values In Corporations</genre><originInfo><publisher>Kluwer Academic Publishers</publisher><place><placeTerm type="text">Dordrecht</placeTerm></place><dateValid encoding="w3cdtf">2004-09-11</dateValid><copyrightDate encoding="w3cdtf">1986</copyrightDate></originInfo><language><languageTerm type="code" authority="iso639-2b">eng</languageTerm></language><physicalDescription><internetMediaType>text/html</internetMediaType></physicalDescription><abstract lang="eng">Abstract: Authors of books on business ethics and corporate social responsibility fall into two general approaches when they answer the question: ‘Why should a business firm, which represents private property, have greater obligations to the local community than an ordinary citizen?’ Authors generally subscribe to a ‘rights’ approach or to a ‘power’ model. This paper will present four rights approaches and three power models which are used to describe the relationship of the firm to society. Introducing these different approaches and models will be two brief expositions which provide the setting for determining the relationship of a firm to society. The first traces two lines to the development of the contemporary American corporation. 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