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  • 2 - The Values System Paradigm As a Regulatory Alternative to Stakeholder Needs CSR

  • from Part I - Regulation Concepts, Paradigms and Approaches for Corporate Social Responsibility
  • Onyeka K. Osuji, University of Essex, Franklin N. Ngwu, Gary Lynch-Wood
  • Book:
    Corporate Social Responsibility Across the Globe
    Published online:
    15 June 2023
    Print publication:
    01 June 2023, pp 11-38

  • Summary

    This chapter argues that ‘stakeholder needs’ and the ‘value system paradigm’ are alternative approaches to regulating corporate social responsibility (CSR). Drawing on Pound’s Theory of Social Interests and the institutional and stakeholder theories, it highlights the importance of contextualism in CSR and demonstrates that a values system paradigm may be a more suitable regulatory strategy, particularly in the developing and emerging markets. The chapter suggests that the stakeholder needs approach should be coupled with a values system paradigm for a more effective CSR when stakeholder responsiveness is desired.