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Customer‐owned Firms and the Concept of Regional Responsibility: Qualitative Evidence from Finnish Co‐operatives

Customer‐owned Firms and the Concept of Regional Responsibility: Qualitative Evidence from... Purpose – The purpose of this paper is to introduce the concept of regional responsibility and to provide a deeper understanding of customer‐owned co‐operatives and their social embeddedness. Design/methodology/approach – First, extant conceptions of corporate social responsibility are discussed, concentrating on two approaches; the one employing stakeholder theory and the one employing resource‐based view of the firm. Second, co‐operatives as a form of economic organization that have a natural interest in engaging in regionally‐oriented corporate social responsibility practices are studied, including active participation in regional strategy processes and local and regional development. Finally, the concept of regional responsibility is illustrated by analysing qualitative data. Findings – Regional responsibility is in the core of customer‐owned co‐operatives' CSR. Co‐operatives are tentative to their customer‐owners, employees and other regional stakeholders. Regional responsibility also means the utilization of the region's resources and advocacy of local interests. In fact, co‐operatives may be considered as ‘flagship enterprises’ in their regions, promoting the businesses of the whole network of economic actors linked to them. Co‐operatives engage also in non‐business related activities to support the surrounding community. Research limitations/implications – While this study helps to understand regional responsibility of customer‐owned firms, as such the findings are limited to the context of this study. Originality/value – The paper analyzes co‐operatives' social responsibility from a regional perspective and introduces the concept of “regional responsibility”. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Responsibility Journal Emerald Publishing

Customer‐owned Firms and the Concept of Regional Responsibility: Qualitative Evidence from Finnish Co‐operatives

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Publisher
Emerald Publishing
Copyright
Copyright © 2007 Emerald Group Publishing Limited. All rights reserved.
ISSN
1747-1117
DOI
10.1108/17471110710835563
Publisher site
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Abstract

Purpose – The purpose of this paper is to introduce the concept of regional responsibility and to provide a deeper understanding of customer‐owned co‐operatives and their social embeddedness. Design/methodology/approach – First, extant conceptions of corporate social responsibility are discussed, concentrating on two approaches; the one employing stakeholder theory and the one employing resource‐based view of the firm. Second, co‐operatives as a form of economic organization that have a natural interest in engaging in regionally‐oriented corporate social responsibility practices are studied, including active participation in regional strategy processes and local and regional development. Finally, the concept of regional responsibility is illustrated by analysing qualitative data. Findings – Regional responsibility is in the core of customer‐owned co‐operatives' CSR. Co‐operatives are tentative to their customer‐owners, employees and other regional stakeholders. Regional responsibility also means the utilization of the region's resources and advocacy of local interests. In fact, co‐operatives may be considered as ‘flagship enterprises’ in their regions, promoting the businesses of the whole network of economic actors linked to them. Co‐operatives engage also in non‐business related activities to support the surrounding community. Research limitations/implications – While this study helps to understand regional responsibility of customer‐owned firms, as such the findings are limited to the context of this study. Originality/value – The paper analyzes co‐operatives' social responsibility from a regional perspective and introduces the concept of “regional responsibility”.

Journal

Social Responsibility Journal – Emerald Publishing

Published: Aug 1, 2007

Keywords: Corporate social responsibility; Socio‐economic regions; Co‐operative organizations; Finland

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