What of financialisation?

The attempt to introduce corporate social responsibility (CSR) takes place in a new and different economic context increasingly dominated by finance and, above all, by a increasingly diffused ‘financial way of thinking’ on economic issues. Deregulation and globalisation have had a significant impact on the way we generally conceive economic problems. Besides the effects on structural change, we may understand this change as a shift in both rules and morality, which legitimised the adoption of a strict monetary calculation over the many immaterial and social issues implied in economic choices. Such question is particularly evident in and relevant for corporate governance.