Corporate Social Performance, Stakeholder Orientation, and Organizational Moral Development

This article begins with an explanation of how moral development for organizations has parallels to Kohlberg's categorization of the levels of individual moral development. Then the levels of organizational moral development are integrated into the literature on corporate social performance by relating them to different stakeholder orientations. Finally, the authors propose a model of organizational moral development that emphasizes the role of top management in creating organizational processes that shape the organizational and institutional components of corporate social performance. This article represents one approach to linking the distinct streams of business ethics and business-and-society research into a more complete understanding of how managers and firms address complex ethical and social issues.     

SELF-SUFFICIENCY AND FOOD SECURITY IN THE UK AND EC PRESIDENTIAL ADDRESS

The political strength in the EC and UK of the belief that high levels of self-sufficiency make food supplies more secure is demonstrated and explained. The relationship is examined analytically and critically, taking particular account of the priority of food, adjustment costs, and linkages between agriculture and other sectors. The need for a policy of food security in Western Europe is discussed in relation to military, crop and trade uncertainties. Finally, the elements of a more rational policy, including measures of storage, procurement and production independence, are outlined.     

New Products and Financial Risk Changes

The historic focus of new products research has been on the ability of new products to enhance the profitability and competitive position of the innovating firm. In this article, Timothy Devinney shows that there exists an overlooked and potentially significant side effect associated with new product innovations: financial risk changes. He reports that significant financial risk changes occurred in approximately 50% of the new product announcements he examined. The magnitude of these financial risk changes translates into overestimates or underestimates of the firm's cost of capital by 17% to 18% and is strongly and positively related to the size of the firm and the firm's new product innovation activity.     

Poverty status and expenditure patterns: comparison between elderly and non-elderly households

The purpose of this study was to find out if significant differences exist in patterns of expenditures between elderly and non-elderly consumers, taking poverty status into account. Cluster analysis was used to identify expenditure patterns. Four different expenditure patterns were found. Elderly middle-income and affluent households were more likely to belong to service-using cluster than non-elderly poor households. Nonelderly households were more likely to belong to shelter-dominated cluster than elderly households. Poor households were more likely to belong to homebound cluster, while non-poor households were more likely to belong to car-centred cluster.