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Benefit corporation no seido sekkei shisou to sono sustainability management eno eikyou

Journal Article


Abstract


  • This paper provides a framework to examine the impact of design of Benefit

    Corporation (BC) on sustainability management. The BC is a new form of legal business

    entity formed in US to pursue social benefit or responsibility while undertaking

    responsibility to return profits to shareholders. With the activities of B Lab, a nonprofit

    organization with capacity of 501-c-3 in the US, Certified BCs are now being

    established all over the world. Although BC is designed for business corporations with

    all the traditional characteristics, it possesses a unique characteristic of empowering

    corporations to undertake corporate social responsibilities while suppressing the

    traditional corporate objective of maximizing shareholder profit. The main question

    that needs to be answered is how the management can achieve corporate sustainability

    while absorbing the costs of CSR activities and suppressing the shareholder pressure

    on profit maximization. The comparative research framework and the results presented

    in the paper attempt to provide explanations on the underlined issues. In building

    this framework, this paper takes into account the conceptual relationship between the

    design of BC system, the sustainability management and CSR.

Publication Date


  • 2017

Citation


  • Takaoka, N. & De Zoysa, A. (2017). Benefit corporation no seido sekkei shisou to sono sustainability management eno eikyou. Journal of Japan Society for Business Ethics, 24 (February), 73-86.

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1283

Number Of Pages


  • 13

Start Page


  • 73

End Page


  • 86

Volume


  • 24

Issue


  • February

Place Of Publication


  • Tokyo, Japan

Abstract


  • This paper provides a framework to examine the impact of design of Benefit

    Corporation (BC) on sustainability management. The BC is a new form of legal business

    entity formed in US to pursue social benefit or responsibility while undertaking

    responsibility to return profits to shareholders. With the activities of B Lab, a nonprofit

    organization with capacity of 501-c-3 in the US, Certified BCs are now being

    established all over the world. Although BC is designed for business corporations with

    all the traditional characteristics, it possesses a unique characteristic of empowering

    corporations to undertake corporate social responsibilities while suppressing the

    traditional corporate objective of maximizing shareholder profit. The main question

    that needs to be answered is how the management can achieve corporate sustainability

    while absorbing the costs of CSR activities and suppressing the shareholder pressure

    on profit maximization. The comparative research framework and the results presented

    in the paper attempt to provide explanations on the underlined issues. In building

    this framework, this paper takes into account the conceptual relationship between the

    design of BC system, the sustainability management and CSR.

Publication Date


  • 2017

Citation


  • Takaoka, N. & De Zoysa, A. (2017). Benefit corporation no seido sekkei shisou to sono sustainability management eno eikyou. Journal of Japan Society for Business Ethics, 24 (February), 73-86.

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1283

Number Of Pages


  • 13

Start Page


  • 73

End Page


  • 86

Volume


  • 24

Issue


  • February

Place Of Publication


  • Tokyo, Japan