Nathan, Ganesh2019-09-252019-09-252013-01-042012http://hdl.handle.net/20.500.12424/188725This paper re-theorizes the firm from a socio-political perspective to show that a firm is not only an economic, but also a social and political actor. Given multiple global crises, our traditional understanding of the purpose of the firm – the maximization of shareholder value – is increasingly being challenged. This paper shows that the purpose of the firm is rooted in our social life, and hence a notion of well-being and social justice gains significance rather than wealth creation to underscore the role of responsible governance for sustainability in many dimensions – economic, social and environmental. It concludes that the purpose of the firm should go beyond profit maximization in pursuit of well-being of stakeholders and in deliberating global social justice for a sustainable world order.engWith permission of the license/copyright holderre-theorizing the firm, purpose of the firm, social justice, well-being, stakeholder deliberation, responsible governance.Political ethicsEconomic ethicsBusiness ethicsConference proceedings