Firms pursue third-party certification to private standards to reduce firm-level information asymmetries of certain unobservable characteristics and thus obtain legitimacy. However, when the private standard’s legitimacy dilutes, those same firms have reasons to abandon certifications...

Firms are frequently pressured by customers to obtain certification to one or more voluntary sustainability standards. However, uncertainty associated with competing voluntary sustainability standards can reduce the value of standard certifications and jeopardize the entire voluntary regulatory...

Growing income inequality has become a major social welfare problem across the globe. To date, scant attention has focused on the role of the firm in theories of income inequality, and management and organization theory has largely been silent on the issue. In this paper, we propose a...

Today's successful companies are those that recognise that they have responsibilities to stakeholders that go beyond mere compliance with the law or meeting the fiduciary responsibility inherent in maximizing returns. This book focuses on engaging stakeholders for long-term value creation