The European regulation of corporate social responsibility: The role of beneficiaries' intermediaries
Monciardini, D; Conaldi, G
Date: 2 April 2019
Article
Journal
Regulation and Governance
Publisher
Wiley
Publisher DOI
Abstract
Intended beneficiaries have an undeniable relevance to regulation. However, current research has
focused mainly on the two-party relationship between rule-making and rule-taking. We attempt to
fill this gap by exploring the formal and informal roles that beneficiaries’ intermediaries played in cocreating European Corporate Social ...
Intended beneficiaries have an undeniable relevance to regulation. However, current research has
focused mainly on the two-party relationship between rule-making and rule-taking. We attempt to
fill this gap by exploring the formal and informal roles that beneficiaries’ intermediaries played in cocreating European Corporate Social Responsibility (CSR) rules and associated practices between
2000 and 2017. By linking recent conceptualizations of regulatory intermediaries with the literature
on critical political CSR, we offer a more dynamic and contextualized understanding of the roles of
beneficiaries’ intermediaries. Specifically, we identify six micro-dynamics through which they
influenced the regulatory process. Notably, our findings highlight how the convergence of interests
between three groups of beneficiaries’ intermediaries – the NIU (NGO-Investor-Union) nexus – had a
key role in reshaping CSR rules. We conclude that, in the European context, the involvement of
stronger and better coordinated beneficiaries’ intermediaries is crucial in order to achieve more
effective corporate conduct regulation.
Management
Faculty of Environment, Science and Economy
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