Abstract
We apply the lens of social judgement theory to understand the causes and consequences of the growing debate about the purpose of the corporation. Our historical analysis suggests that the debate about corporate purpose is not new and that it tends to arise during periods of growing economic inequality. Our analysis also suggests that the discursive shift from shareholder to stakeholder capitalism will trigger a new standard of social evaluation of corporations in which we no longer judge corporate behavior based on standards of legitimacy but rather on standards of authenticity. We explore what this change in social evaluation will mean for corporate competition.
| Original language | English |
|---|---|
| Pages (from-to) | 202-211 |
| Number of pages | 10 |
| Journal | Strategy Science |
| Volume | 8 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - Jul 2023 |
Bibliographical note
This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for detailsKeywords
- authenticity
- corporate purpose
- legitimacy
- social value judgements