Challengers from within Economic Institutions: A Second-Class Social Movement? A Response to Déjean, Giamporcaro, Gond, Leca and Penalva-Icher's Comment on French SRI

Authors

Diane-Laure Arjaliès, Ivey Business SchoolFollow

Document Type

Article

Publication Date

2014

Volume

123

Issue

2

Journal

Journal of Business Ethics

URL with Digital Object Identifier

https://doi.org/10.1007/s10551-013-1811-2

Abstract

In a recent comment made about my paper “A Social Movement Perspective on Finance: How Socially Responsible Invetsment Mattered” (J Bus Ethics 92:57–78, 2010), published in this journal, Déjean, Giamporcaro, Gond, Leca and Penalva-Icher (J Bus Ethics 112: 205-212, 2013) strongly criticize the social movement perspective adopted on French SRI. They both contest the empirical analysis of the movement and the possibility for insiders to trigger institutional change towards sustainability. This answer aims to address the different concerns raised throughout their comment and illuminate the differences between both approaches. It first explains why SRI in France can be considered as a social movement, despite not being protest-oriented. It then reflects on the dangers of systematically associating societal change with radical activism. It concludes by elaborating on the importance of acknowledging the potential contribution of reformist movements from within the economic institutions to the enhancement of the social good.

Notes

This article is a pre-print/author accepted version of a paper published in the Journal of Business Ethics. The published version can be found at this DOI:https://doi.org/10.1007/s10551-013-1811-2