Paradigms for Sustainable Development: Implications of Management Theory | Zendy

Dutta Saurav | Zendy; Lawson Raef | Zendy; Marcinko David | Zendy

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Paradigms for Sustainable Development: Implications of Management Theory

Author(s) -

Dutta Saurav,

Lawson Raef,

Marcinko David

Publication year - 2011

Publication title -

corporate social responsibility and environmental management

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.519

H-Index - 73

eISSN - 1535-3966

pISSN - 1535-3958

DOI - 10.1002/csr.259

Subject(s) - stewardship (theology) , agency (philosophy) , stewardship theory , perspective (graphical) , business , principal–agent problem , environmental stewardship , corporate social responsibility , environmental resource management , public relations , corporate governance , economics , sociology , political science , finance , social science , artificial intelligence , law , politics , computer science

We provide a framework for examining the trade‐offs between socio‐environmental, organizational, and managerial goals. Using this framework we examine management choices under agency and stewardship theories. We advance a theory of social stewardship to explain behavior inconsistent with both agency and stewardship. We illustrate that social stewardship behavior by managers and principals, while best from a societal perspective, is not a viable management approach under current business and regulatory conditions. This conclusion is vital to public policymakers who seek to foster socially desirable behavior by publicly traded companies. Copyright © 2011 John Wiley & Sons, Ltd and ERP Environment.

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