Orchestrating governmental corporate social responsibility interventions through financial markets: the case of French socially responsible investment

Tools

Giamporcaro, S. ORCID: 0000-0002-1150-4939, Gond, J.-P. and O'Sullivan, N., 2020. Orchestrating governmental corporate social responsibility interventions through financial markets: the case of French socially responsible investment. Business Ethics Quarterly, 30 (3), pp. 288-334. ISSN 1052-150X

Preview

Text
37772_a672_Giamporcaro.pdf - Post-print
Download (1MB) | Preview

Official URL: https://doi.org/10.1017/beq.2019.40

Abstract

Although a growing stream of research investigates the role of government in corporate social responsibility (CSR), little is known about how governmental CSR interventions interact in financial markets. This article addresses this gap through a longitudinal study of the socially responsible investment (SRI) market in France. Building on the 'CSR and government' and 'regulative capitalism' literature, we identify three modes of governmental CSR intervention – regulatory steering, delegated rowing, and microsteering – and show how they interact through the two mechanisms of layering (the accumulation of interventions), and catalyzing (the alignment of interventions). Our findings 1) challenge the notion that, in the neoliberal order, governments are confined to steering market actors – leading and guiding their behavior – while private actors are in charge of rowing – providing products and services; 2) show how governmental CSR interventions interact and are orchestrated; and 3) provide evidence that governments can mobilize financial markets to promote CSR.

Item Type:

Journal article

Publication Title:

Business Ethics Quarterly

Creators:

Giamporcaro, S., Gond, J.-P. and O'Sullivan, N.

Publisher:

Cambridge University Press

Date:

July 2020

Volume:

Number: