It is increasingly evident that human development is proceeding in an unsustainable manner, and that large business organisations are significantly complicit in this process. In this context, the purpose of this study is to explore the possibilities by which business organisations could come to support sustainable development, with a particular focus on related barriers and how they may be overcome. Literature on business and sustainable development is dominated by managerialist, organisation-centric perspectives, where the focus is on business profitability rather than planetary sustainability. This study seeks to challenge this mainstream literature, engaging with more critical perspectives and exploring the subtleties of the contradictory arguments presented by these two literatures. Empirical investigation involved two major steps. First the thesis employs a) a content analysis and b) a “close reading” of corporate public utterances on sustainability. Secondly, and more substantively, the thesis comprises a series of semi-structured interviews with individuals in organisations. To obtain a range of perspectives on the sustainable development-business relationship, a number of “different types” of organisation are sampled, in the form of social enterprises, large PLCs, SMEs and co-owned businesses. Based on the research findings, it is argued that the most significant barriers within the business-sustainable development relationship in fact concern the nature of modern international financial capitalism, and the nature of business itself. Certain characteristics, such as growth, competition and self-interest, essential to both the nature of the “system” and the nature of business, are fundamentally incompatible with sustainable development. In recognising this dissonance, a blank canvas is created where new imaginings of “sustainable business” can begin to take place. Through detailed engagement with the critical and managerialist literatures, and drawing insight from the different types of organisations sampled, the thesis identifies a number of characteristics, such as collaboration, compromise and consideration of the common good, which may have the potential to enable an alternative, more “human”, and ultimately more “sustainable” form of business organisation.

by Lai Hing-ling, Janet and Ngai Chu-sing. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1984. / Bibliography: leaf [34]

What makes real life contractual arrangements? How does the law influence real life contractual arrangements? These are everyday questions for businesspeople and commercial lawyers. The traditional ‘imperative’ view of law assumes that business people contract ‘in the shadow of the law’ and contractual arrangements conform to what the law says. But empirical studies on contract practice suggest that contract law may, in fact, play a very insignificant role in real life contractual arrangements. This thesis provides a sociological view of the role of contract law in real life contractual arrangements in the context of the Vietnamese market. Specifically, this thesis applies an institutional law & economics approach to investigate how social structures of the market influence contractual arrangements to marginalize contract law in the Vietnamese market. Drawing on two surveys of contract behaviour in the Vietnamese market, this thesis finds that real life contractual arrangements respond to the institutional structure of the market as a whole, rather than only ‘the shadow of the law’. Institutional changes in the Vietnamese market suggest that there exists a merchant law system, constituted of traditional moral norms and social structures in the market. This merchant law system continues to order contractual arrangements in the market, despite the introduction of a transplanted contract law system. Disagreeing with the imperative approach, this thesis claims that contract law reform should conform to the institutional structure of the market to reduce transaction costs of contracting and to provide an effective framework for real life contractual arrangements.