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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Le document en format XML
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<author><name sortKey="Mcmahon, Thomas F" uniqKey="Mcmahon T">Thomas F. McMahon</name>
<affiliation wicri:level="2"><mods:affiliation>Loyola University, 820 N. Michigan Ave., 60611, Chicago, IL, U.S.A.</mods:affiliation>
<country xml:lang="fr">États-Unis</country>
<wicri:regionArea>Loyola University, 820 N. Michigan Ave., 60611, Chicago, IL</wicri:regionArea>
<placeName><region type="state">Illinois</region>
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<date when="1986">1986</date>
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<front><div type="abstract" xml: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. The second views the business corporation as a quasi-public institution.</div>
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