How can business promote benefits for society?
|Professor Peter Buckley||Centre for International Business University of Leeds|
The research will first examine the means by which corporations can contribute to society. It will ask two nested questions. (1) Can corporations contribute to societal goals through their own volition or do they need to be constrained by regulation into contributing beyond their own selfish goals (profit, market shares, growth)? (2) What is the best mechanism for an ‘autonomous’ (non-regulated) contribution? Two potential mechanisms are (a) the creation of incentives for key executives to contribute to societal values (such as the UN’s “Sustainable Development Goals”) and (b) the creation of a company culture that is aligned with the greater good of society. This research will include interviews with key researchers and policy makers.