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1 A historical perspective on the hijacking of business responsibility towards society; 1.1 What does hijacking consist of in managerial studies?; The premises: recuperation of the critique of capitalism; Our position: critique of management is hijacked by dominant theories; 1.2 How agency theory hijacked managerialism; Evolution towards the managerial theory of the firm; A separation of ownership and control does not mean disregarding corporate social responsibility; 1.3 How does hijacking operate? The strengths of the dominant ideology and the weaknesses of representations of critical opposition in the field of science and society; Some critical theories in the management knowledge field show significant weaknesses, among them authors' desires to produce something 'compatible' with extant management theories; Critical theories are progressively distorted by their own supporters to meet the objectives of mainstream ones, no matter what fundamental contradictions such a process may engender; The constraints of management practice which could be invoked by critical theories about responsibility are neutralized, and instead turned into new assets for use at management's discretion; In the end, a few fundamental criteria torn from the critical theory are absorbed into the mainstream, completing the hijacking process and making it possible in theory as well as in practice; 1.4 Conclusion
2 Management knowledge and value; 2.1 Management is at risk from pretence of knowledge; The influence of Friedman's position on business- andsociety studies; The bias of the agency model as mainstream; Lessons to be learned ten years down the line from the explosion of the financial crisis; 2.2 The structuration of management knowledge is based on categories and fuzzy integrative theories: an opportunity for hijacking; Philosophical categories of knowledge are toxic to ethical management; Integrative management theories eliminate the very idea of conflict; 2.3 The ecology and the economy of management knowledge as a support for hijacking; The ecology of management knowledge: digesting criticism to make it compatible with current practices; The economy of management knowledge: metrics and rankings to maintain an illusion of normal science; 2.4 Conclusion
3 The business for society project against hijacking: a genetic analysis and sketch of a genetic draft; 3.1 Introduction; 3.2 Repairing the institutional machine; Competitive formatting of scientific content sterilizes management thought; The financialization of science promotes 'double blind' evaluation; Transferring criteria of excellence from 'hard science' leads to the standardization of management science; De- financializing research to stem the conformism; 3.3 Repairing the intellectual machine 49 Some intellectual virus polarizes managerial concepts to 'society for business'; 3.4 Repairing management knowledge by making society the centre of our intellectual patterns; 3.5 Conclusion: when repairing means curing
4 Accounting for society; 4.1 Context: the great transformation of accounting, from accountability to financialization; Triggers and forms of the accounting revolution; Impacts of the accounting revolution: invasive reporting and the procyclicality of standards; A call for inventing or re- creating multiple accounting standards; 4.2 Conceiving an efficient and impactful social disclosure mechanism: a task for the multiple accounting perspective?; 4.3 Theoretical perspectives on CSD; The social legitimacy perspective; The perspective of asymmetric information; The institutional perspective; 4.4 Attempts to standardize CSD: the need for a common CSR 'grammar'; 4.5 Social reporting and social performance: what is the relationship?; 4.6 A synthesis: CSD as a multifunctional tool; 4.7 Conclusion
5 Finance for society; 5.1 Context: the 'global financializing' of society; The financialization of business 84 The dematerialization of value; Banks disintermediate their activities, as do states; 5.2 On the investor side: revisiting finance through ethical and socially responsible principles; Beyond maximization of economic utility: the ethical and socially responsible investor; The ethical and socially responsible investor is not a monolithic entity 93 The risks of mainstreaming ethical finance; 5.3 On the company side: revisiting the concept of value maximization 98 Societal care as a form of risk protection
6 Governance for society and democracy: on the necessity of new paradigms; 6.1 The company and the inter- regulation of the three spheres of Society-Politics-Business/the company and democracy; The influence path of Business → Politics → Society; The influence path of Business → Society → Politics 110 Studying and measuring the systemic influence of corporations on governance within state and society; 6.2 Alternative modes of 'corporate' governance: democracy within the firm; 6.3 Conclusion.
2 Management knowledge and value; 2.1 Management is at risk from pretence of knowledge; The influence of Friedman's position on business- andsociety studies; The bias of the agency model as mainstream; Lessons to be learned ten years down the line from the explosion of the financial crisis; 2.2 The structuration of management knowledge is based on categories and fuzzy integrative theories: an opportunity for hijacking; Philosophical categories of knowledge are toxic to ethical management; Integrative management theories eliminate the very idea of conflict; 2.3 The ecology and the economy of management knowledge as a support for hijacking; The ecology of management knowledge: digesting criticism to make it compatible with current practices; The economy of management knowledge: metrics and rankings to maintain an illusion of normal science; 2.4 Conclusion
3 The business for society project against hijacking: a genetic analysis and sketch of a genetic draft; 3.1 Introduction; 3.2 Repairing the institutional machine; Competitive formatting of scientific content sterilizes management thought; The financialization of science promotes 'double blind' evaluation; Transferring criteria of excellence from 'hard science' leads to the standardization of management science; De- financializing research to stem the conformism; 3.3 Repairing the intellectual machine 49 Some intellectual virus polarizes managerial concepts to 'society for business'; 3.4 Repairing management knowledge by making society the centre of our intellectual patterns; 3.5 Conclusion: when repairing means curing
4 Accounting for society; 4.1 Context: the great transformation of accounting, from accountability to financialization; Triggers and forms of the accounting revolution; Impacts of the accounting revolution: invasive reporting and the procyclicality of standards; A call for inventing or re- creating multiple accounting standards; 4.2 Conceiving an efficient and impactful social disclosure mechanism: a task for the multiple accounting perspective?; 4.3 Theoretical perspectives on CSD; The social legitimacy perspective; The perspective of asymmetric information; The institutional perspective; 4.4 Attempts to standardize CSD: the need for a common CSR 'grammar'; 4.5 Social reporting and social performance: what is the relationship?; 4.6 A synthesis: CSD as a multifunctional tool; 4.7 Conclusion
5 Finance for society; 5.1 Context: the 'global financializing' of society; The financialization of business 84 The dematerialization of value; Banks disintermediate their activities, as do states; 5.2 On the investor side: revisiting finance through ethical and socially responsible principles; Beyond maximization of economic utility: the ethical and socially responsible investor; The ethical and socially responsible investor is not a monolithic entity 93 The risks of mainstreaming ethical finance; 5.3 On the company side: revisiting the concept of value maximization 98 Societal care as a form of risk protection
6 Governance for society and democracy: on the necessity of new paradigms; 6.1 The company and the inter- regulation of the three spheres of Society-Politics-Business/the company and democracy; The influence path of Business → Politics → Society; The influence path of Business → Society → Politics 110 Studying and measuring the systemic influence of corporations on governance within state and society; 6.2 Alternative modes of 'corporate' governance: democracy within the firm; 6.3 Conclusion.