The Virtues of Virtue

Abstract

Network governance, social capital, and virtue-based forms of corporate social responsibility justify sectoral arrangements organized around reciprocated forms of entrepreneurial accountability to promote best practices of corporate social responsibility benchmarked in near and long terms. Standards of corporate social responsibility require precise elaboration within the contexts of contemporary theories of the firm that specify the normative limits of voluntary business obligations. This article argues that such ethical constraints remain too narrow and suggests how corporate social responsibility might be extended in accordance with eudaimonic principles of social capital and aretaic principles of executive excellence manifested by managerial learning.

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