The political role of the business firm: an ordonomic concept of corporate citizenship developed in comparison with the Aristotelian idea of Individual citizenship

Ingo Pies, Markus Beckmann, Stefan Hielscher

Research output: Contribution to journalArticle

30 Citations (Scopus)

Abstract

This article contributes to the debate about the political role of the business firm. The article clarifies what is meant by the "political" role of the firm and how this political role relates to its economic role. To this end, the authors present an ordonomic concept of corporate citizenship and illustrate the concept by way of comparison with the Aristotelian idea of individual citizenship for the antique polis. According to our concept, companies take a political role if they participate in rule-setting processes and rule-finding discourses. Though this political role of the corporation is in principle ambivalent, the authors conclude that in such processes of "new governance" the economic and political roles of the firm need not contradict each other but can follow the same win-win logic of individual self-perfection through cooperative social interactions.

Original languageEnglish
Pages (from-to)226-259
Number of pages34
JournalBusiness & Society
Volume53
Issue number2
Early online date17 Apr 2013
DOIs
Publication statusPublished - 1 Mar 2014

Keywords

  • Aristotle
  • corporate citizenship
  • ordonomics
  • self-perfection
  • value creation

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