Orchestrating Governmental Corporate Social Responsibility Interventions through Financial Markets: The Case of French Socially Responsible Investment

Giamporcaro, St�phanie; Gond, Jean-Pascal; O'Sullivan, Niamh

Abstract

Although a growing stream of research investigates the role of government in corporate social responsibility (CSR), little is known about how governmental CSR interventions interact in financial markets. This article addresses this gap through a longitudinal study of the socially responsible investment (SRI) market in France. Building on the ‘CSR and government’ and ‘regulative capitalism’ literature, we identify three modes of governmental CSR intervention – regulatory steering, delegated rowing, and microsteering – and show how they interact through the two mechanisms of layering (the accumulation of interventions), and catalyzing (the alignment of interventions). Our findings 1) challenge the notion that, in the neoliberal order, governments are confined to steering market actors – leading and guiding their behavior – while private actors are in charge of rowing – providing products and services; 2) show how governmental CSR interventions interact and are orchestrated; and 3) provide evidence that governments can mobilize financial markets to promote CSR.

Citation

Giamporcaro, S., Gond, J.-P., & O'Sullivan, N. (2020). Orchestrating Governmental Corporate Social Responsibility Interventions through Financial Markets: The Case of French Socially Responsible Investment. Business Ethics Quarterly, 30(3), 288-334. https://doi.org/10.1017/beq.2019.40

• Journal Article Type: Article
• Acceptance Date: Sep 22, 2019
• Online Publication Date: Apr 8, 2020
• Publication Date: Jul 1, 2020
• Deposit Date: Oct 9, 2019
• Publicly Available Date: Oct 14, 2019
• Journal: Business Ethics Quarterly
• Print ISSN: 1052-150X
• Electronic ISSN: 2153-3326
• Publisher: Philosophy Documentation Center
• Peer Reviewed: Peer Reviewed
• Volume: 30
• Issue: 3
• Pages: 288-334
• DOI: https://doi.org/10.1017/beq.2019.40
• Public URL: https://nottingham-repository.worktribe.com/output/2792521
• Publisher URL: https://www.cambridge.org/core/journals/business-ethics-quarterly/article/orchestrating-governmental-corporate-social-responsibility-interventions-through-financial-markets-the-case-of-french-socially-responsible-investment/2E21CCC578FEB20EF5C6D68429D1F16
• Related Public URLs: https://www.cambridge.org/core/journals/business-ethics-quarterly
• Contract Date: Oct 9, 2019