SHORT COURSE DESCRIPTION
Governance is an issue that has come to the fore recently as a direct cause of problems associated with the financial and economic crisis. Financial arbitrage, short selling¿s, toxic assets, management excessive bonus, golden parachutes and corruption populate our discussions as signs of malfunctions of the market and lack of corporate social responsibility. Some economists tend to justify these as moral hazard, but others argue that the overall significance of it is largely understated by the mere observation of managerial misbehavior, which forms the tip of the iceberg. The submerged part of the iceberg is the institutional settings in terms of corporate governance and the consequences of economic liberalization and deregulation of industry and business in an increasing globalized world.
At the same time, management and corporations are increasing facing public demand for new corporate ethos, a stricter compliance with both public and private/civil regulation and the assumption of responsibilities related to emerging social and environmental issues such climate change, labor exploitation, health security, etc.
This course is aimed at enhancing doctoral students¿ knowledge of the foundations of corporate social responsibility research. In this course we will be confronted to questions such: how corporations deal with conflicts of interests amongst different value systems (e.g. financial and social)? What mechanism of corporate control can be used to ensure ethical behavior in shareholders and management? Which business models are better prepared to deal with social and environmental issues such obesity, diabetes 2, HIV-AIDS? What are managers¿ responsibilities in these social issues? We will explore how corporate governance based on social responsibilities is becoming both a condition for business survival and a potential competitive advantage and how is currently researched in the academia.
Our course will include the explanation and problematization of some theories central to corporate social responsibility such business ethics, stakeholder view of the firm, theory of social contract, political view of the firm, institutional theory, etc.
This is primarily a discussion based course, where academic articles are posed to students on complex topics in which students engage first hand in the discussion and debate. We do expect a lively debate in the classroom and learning by confrontation.
Some of the themes that will be analyzed in the course are:
- Global governance and the political view of the firm
- Legitimacy as an organizational outcome: institutional theory and CSR
- Stakeholder theory and stakeholder engagement
- Value creation and the social media
- CSR, ethics, epistemology and research frontiers