Purpose in corporate governance: the path towards a more sustainable world
Publication date
2022ISSN
2071-1050
Abstract
In order to give a more realistic view of how ESG and sustainability are developed in organisations, this paper explores the development of purpose in corporate governance and the challenges faced. The theme is analysed at the intersection between stakeholder theory and business models in two dimensions: the capability of the market to align stakeholders’ interests (invisible hand) and the trade-offs between purpose and profit. The analysis conducted gave rise to four scenarios with a range of theoretical and practical implications focused on corporate governance.
Document Type
Article
Document version
Published version
Language
English
Subject (CDU)
339 - Trade. Commerce. International economic relations. World economy
Keywords
Pages
11
Publisher
MDPI
Collection
14; 8
Is part of
Sustainability
Citation
Ricart, Joan E.; Rey, Carlos. Purpose in corporate governance: the path towards a more sustainable world. Sustainability, 2022, 14(8), 4384. Disponible en: <https://www.mdpi.com/2071-1050/14/8/4384>. Fecha de acceso: 14 oct. 2022. DOI: 10.3390/su14084384
Note
This work was supported by Spanish Ministry of Science and Innovation and the European Social Fund PRE2019-091668, Agencia Estatal de Investigacion (AEI) of the Ministry of Economy and Competitiveness—ECO2016-79894-R (MINECO/FEDER), Ministry of Science and Innovation PID2019-104679RB-I00, the Carl Schroeder Chair in Strategic Management and the IESE’s High Impact Projects initiative (2017/2018).
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Rights
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Except where otherwise noted, this item's license is described as https://creativecommons.org/licenses/by/4.0/
