Shareholder value versus stakeholder values: CSR and financialization in global food firms


Jones, B. and Nisbet, P., 2011. Shareholder value versus stakeholder values: CSR and financialization in global food firms. Socio-Economic Review, 9 (2), pp. 287-314.

Related documents:

This repository does not currently have the full-text of this item.
You may be able to access a copy if URLs are provided below. (Contact Author)

Official URL:


Can corporate social responsibility (CSR) complement or even replace unalloyed market forces, or state regulation and intervention? This article examines the scope of CSR amongst a test case of transnational food manufacturing corporations. It focuses on the determinants of CSR that stem from the financialization of business strategies and how these define and prioritize social commitments and roles within such firms' internal organization. CSR policies, shareholder-value strategies and the rationalization of UK operations amongst four of the biggest global firms show a bias towards 'external' and brand-related priorities rather than 'internal' ones of job security and the social capital of workplace communities. The negotiated closure of two specific plants confirms an incompatibility between treating employees as stakeholders and, on the other hand, CSR as a business strategy. The 'financialized' approach to shareholder value shapes business strategy to prioritize corporate brand image and reputation rather than attempting sustainable operations and stakeholder partnerships.


Item Type Articles
CreatorsJones, B.and Nisbet, P.
Uncontrolled Keywordshuman resources,financialization,industrial relations,trade unions,corporate social responsibility,multinational firms
DepartmentsFaculty of Humanities & Social Sciences > Social & Policy Sciences
ID Code23673


Actions (login required)

View Item