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dc.contributor.authorLucas, DS
dc.contributor.authorGrimes, Matthew
dc.contributor.authorGehman, J
dc.date.accessioned2022-02-10T00:30:36Z
dc.date.available2022-02-10T00:30:36Z
dc.date.issued2022-02-06
dc.identifier.issn0001-4273
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/333824
dc.description.abstractMyriad cross-sector initiatives seek to remake capitalism into a more just, sustainable, and inclusive system. But how do these distributed efforts—which often vary in strength—interact? We contribute by attending to the interaction between weak and strong governance reforms. Drawing on longstanding research on organizational values and the sociology of law, we theorize how the enactment of weak and broad sustainability legislation is likely to increase pressure on values-driven businesses to pursue both values authentication and material authentication by way of strong third-party certification. We test our conceptual model by examining the effects of the frequently criticized benefit corporation legislation passed in 36 U.S. jurisdictions on the related B Corporation certification. We find that both new certifications and recertifications increase in states with such legislation, and that these effects are amplified or attenuated depending on corporate sustainability norms in the region. Taken together, our findings contribute to the intensifying societal conversation regarding the prospects for remaking capitalism by illustrating how even weak legislation can contribute to systems change not only by encouraging incremental sustainability reforms within a field, but also by triggering an authentication imperative that mobilizes values-driven businesses to pursue rigorous certifications.
dc.description.sponsorshipJG acknowledges financial support from the Social Sciences and Humanities Research Council of Canada.
dc.publisherAcademy of Management
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleRemaking capitalism: the strength of weak legislation in mobilizing B corporation certification
dc.typeArticle
dc.publisher.departmentJudge Business School
dc.date.updated2022-02-09T08:36:19Z
prism.publicationNameAcademy of Management Journal
dc.identifier.doi10.17863/CAM.81244
dcterms.dateAccepted2022-02-05
rioxxterms.versionofrecord10.5465/amj.2020.1688
rioxxterms.versionAM
dc.contributor.orcidGrimes, Matthew [0000-0002-5420-8945]
dc.identifier.eissn1948-0989
rioxxterms.typeJournal Article/Review
cam.issuedOnline2022-02-06
cam.orpheus.success2022-02-09 - Embargo set during processing via Fast-track
cam.depositDate2022-02-09
pubs.licence-identifierapollo-deposit-licence-2-1
pubs.licence-display-nameApollo Repository Deposit Licence Agreement
rioxxterms.freetoread.startdate2023-02-06


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Attribution-NonCommercial-NoDerivatives 4.0 International
Except where otherwise noted, this item's licence is described as Attribution-NonCommercial-NoDerivatives 4.0 International