Sustainability, Stakeholder Governance, and Corporate Social Responsibility

Sinziana Dorobantu is anAssistant Professor of Management and Organizations at the Stern School ofBusiness at New York University, USA. Her research spans the areas of non-marketstrategy, stakeholder governance, and global strategy, and focuses onunderstanding the financial value and evolution of stakeholder engagement strategies,particularly in infrastructure industries.Ruth V. Aguilera is a Professor in theDepartment of International Business and Strategy at the D’Amore-McKim Schoolof Business at Northeastern University, USA. She is interested in research atthe intersection of strategic organization and international business, with afocus on comparative corporate governance and corporate social responsibility.Jiao Luo is anAssistant Professor of Strategic Management & Entrepreneurship at theCarlson School of Management at the University of Minnesota, USA. Jiao’sresearch interests lie at the intersection of non-market strategyand organization theory, with a focus on the drivers and social impact ofcorporate social responsibility activities.Frances J. Milliken is a Professor of Management and holdsthe Arthur E. Imperatore Professorship in Entrepreneurial Studies at the SternSchool of Business at New York University, USA. Her primary research interestsare in how organizational contexts shape the interactions between people in anorganization and in corporate social responsibility.

This volume contains 14 essays by business, management, and sociology scholars from North America, Europe, and Singapore, who examine the relationship between sustainability, stakeholder governance, and corporate social responsibility. They address ownership and its implications for sustainability, stakeholder governance, and corporate social responsibility, including the implications of differences in ownership in terms of public vs. private firms and the role of state ownership; stakeholder alignment and coalitions, including the role of government in shaping firm incentives when dealing with issues like environmental protection, venture capital's role in creating a more sustainable society, corporate social responsibility strategic implementation in multinational enterprises, the effects of large corporations on community philanthropy, and the relationship between corporate social performance and financial performance; and the evolution of concepts and industry practices, including conceptions of sustainability in the civil aviation industry, differences between different sets of environmental, social, and governance standards, the effect of market and non-market competition on firm and industry corporate social responsibility, the influence of social movements and counter-movements on entrepreneurial activity in the US wind industry, and the relationship between ethics and stakeholder theory.

• Introduction:Contemplating the Connections between Sustainability, Stakeholder Governanceand Corporate Social Responsibility; SinzianaDorobantu, Ruth Aguilera, Jiao Luo and Frances Milliken PART I: OWNERSHIP AND ITS IMPLICATIONS FORSUSTAINABILITY, STAKEHOLDER GOVERNANCE AND CSR Stakeholdersand Corporate Social Responsibility: An Ownership Perspective; PeterKlein and Nicolai Foss Public vs. Private Firms: EnergyEfficiency, Toxic Emissions and Abatement Spending; RachelleSampson and Maggie Zhou TheInterdependence of Public and Private Stakeholder Influence: A Study ofPolitical Patronage and Corporate Philanthropy in China; NanJia, Jing Shi and Yongxiang Wang State-owned Multinationals and Drivers ofSustainability Practices: An Exploratory Study of National Oil Companies; Andrew Inkpen andKannan Ramaswamy PART II: STAKEHOLDER ALIGNMENT ANDCOALITIONS Governingthe Void between Stakeholder Management and Sustainability; MichaelBarnett, Irene Henriques and Bryan Husted Venture Capital’s Role in Creating a MoreSustainable Society: The Role of Exits in Clean Energy’s Investment Growth; Ari Ginsberg and AlfredMarcus CSR Strategic Implementation in MNEs: TheRole of Subsidiaries' Stakeholders; AnneJacqueminet and Lilach Trabelsi Large Corporations, Social Capital andCommunity Philanthropy; MatthewLee and Chrisopher Marquis Re-Thinkingthe CSP-CFP Linkage: Analyzing the Social Mechanisms Involved in TranslatingSocially-Responsible Behavior to Financial Performance; AfshinMehrpouya and Imran Chowdhury PART III: DYNAMIC EVOLUTION OF CONCEPTSAND INDUSTRY PRACTICES NaturalizingSustainability: How Industry Actors Make Sense of a Threatening Concept; Jean-BaptisteLitrico and Mary Dean Lee DoingWell by Doing Good: A Comparative Analysis of ESG Standards for ResponsibleInvestment; EmilyBarman TheEffect of Market and Nonmarket Competition on Firm and Industry CorporateSocial Responsibility (CSR); Olga Hawn andHyoung-Goo Kang Gonewith the Wind: The Evolving Influence of Social Movements and Countermovementson Entrepreneurial Activity in the U.S. Wind Industry; ChadCarlos, Wesley Sine, Brandon Lee, and Heather Haveman TheAssociation Between Ethics and Stakeholder Theory; DonLange and Jonathan Bundy