Premium
Harnessing SD and CSR within Corporate Self‐regulation of Weak Economies— A Meta‐regulation Approach
Author(s) -
Rahim Mia Mahmudur
Publication year - 2013
Publication title -
business and society review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 21
eISSN - 1467-8594
pISSN - 0045-3609
DOI - 10.1111/basr.12020
Subject(s) - incentive , corporate social responsibility , convergence (economics) , ethos , dimension (graph theory) , economics , perspective (graphical) , corporate governance , sustainable development , economy , business , market economy , public relations , political science , economic growth , finance , mathematics , artificial intelligence , computer science , pure mathematics , law
The semantic of the terms “sustainable development” and “corporate social responsibility” have changed over time to a point where these concepts have become two interrelated processes for ensuring the far‐reaching development of society. Their convergence has given dimension to the environmental and corporate regulation mechanisms in strong economies. This article deals with the question of how the ethos of this convergence could be incorporated into the self‐regulation of businesses in weak economies where nonlegal drivers are either inadequate or inefficient. It proposes that the policies for this incorporation should be based on the precepts of meta‐regulation that have the potential to hold force majeure, economic incentives, and assistance‐related strategies to reach an objective from the perspective of weak economies.