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The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs

Marylyn Carrigan, Morven McEachern, Caroline Moraes, Carmela Bosangit Orcid Logo

Journal of Business Ethics

Swansea University Author: Carmela Bosangit Orcid Logo

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DOI (Published version): 10.1007/s10551-016-3071-4

Abstract

There has been limited coverage of the corporate responsibility (CR) practices of small and medium-sized enterprises (SMEs) in the mainstream CR literature. Furthermore, there has been no systematic analysis of the responsibilities of the high value jewellery industry and jewellery SMEs in particula...

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Published in: Journal of Business Ethics
ISSN: 1573-0697
Published: 2017
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URI: https://cronfa.swan.ac.uk/Record/cronfa26512
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first_indexed 2016-02-26T02:00:11Z
last_indexed 2020-08-18T02:43:14Z
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spelling 2020-08-17T11:43:50.2163993 v2 26512 2016-02-25 The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs a588fc8913bc11f15051f96b4192b689 0000-0002-0152-0193 Carmela Bosangit Carmela Bosangit true false 2016-02-25 BBU There has been limited coverage of the corporate responsibility (CR) practices of small and medium-sized enterprises (SMEs) in the mainstream CR literature. Furthermore, there has been no systematic analysis of the responsibilities of the high value jewellery industry and jewellery SMEs in particular. This study explores the potential for harm and value creation by individual stakeholders in fine jewellery production. Using the harm chain and institutional theory to frame our investigation, we seek to understand how small businesses within the fine jewellery industry respond to the economic, social and environmental challenges associated with responsible jewellery production, and to investigate how they perceive and negotiate the tensions between responsibility and the resistance derived from the operational norms of secrecy and autonomy within the industry. Our exploratory research provides illustrative examples of how complex harm networks operate within and across the fine jewellery industry, and demonstrates the inter-relationships that exist across the different stages of the fine jewellery harm chain. Findings suggest that institutional forces are coalescing towards a more responsible agenda for the fine jewellery industry. Moreover, while CR is a tool to disrupt harmful institutional norms and practices within such an industry, it requires the co-creation of new transformative business models and multi-stakeholder involvement including firms (SMEs and MNEs), trade associations, non-governmental organisations and consumers. Solutions include national and international legislation, price adjusted certification routes for small firms, harmonisation of industry CR standards to reduce overlap in certification and regulation and gem and precious metal “track and trace” schemes. Journal Article Journal of Business Ethics 1573-0697 Corporate responsibility; Harm chain; Institutional theory; Jewellery; SME Small business 1 7 2017 2017-07-01 10.1007/s10551-016-3071-4 COLLEGE NANME Business COLLEGE CODE BBU Swansea University 2020-08-17T11:43:50.2163993 2016-02-25T21:05:00.1023946 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Marylyn Carrigan 1 Morven McEachern 2 Caroline Moraes 3 Carmela Bosangit 0000-0002-0152-0193 4 0026512-13032016160007.pdf Carrigan.pdf 2016-03-13T16:00:07.3930000 Output 630338 application/pdf Version of Record true 2016-03-13T00:00:00.0000000 Released under the terms of a Creative Commons Attribution License (CC-BY). true eng http://creativecommons.org/licenses/by/4.0/
title The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs
spellingShingle The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs
Carmela Bosangit
title_short The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs
title_full The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs
title_fullStr The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs
title_full_unstemmed The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs
title_sort The Fine Jewellery Industry: Corporate Responsibility Challenges and Institutional Forces Facing SMEs
author_id_str_mv a588fc8913bc11f15051f96b4192b689
author_id_fullname_str_mv a588fc8913bc11f15051f96b4192b689_***_Carmela Bosangit
author Carmela Bosangit
author2 Marylyn Carrigan
Morven McEachern
Caroline Moraes
Carmela Bosangit
format Journal article
container_title Journal of Business Ethics
publishDate 2017
institution Swansea University
issn 1573-0697
doi_str_mv 10.1007/s10551-016-3071-4
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 1
active_str 0
description There has been limited coverage of the corporate responsibility (CR) practices of small and medium-sized enterprises (SMEs) in the mainstream CR literature. Furthermore, there has been no systematic analysis of the responsibilities of the high value jewellery industry and jewellery SMEs in particular. This study explores the potential for harm and value creation by individual stakeholders in fine jewellery production. Using the harm chain and institutional theory to frame our investigation, we seek to understand how small businesses within the fine jewellery industry respond to the economic, social and environmental challenges associated with responsible jewellery production, and to investigate how they perceive and negotiate the tensions between responsibility and the resistance derived from the operational norms of secrecy and autonomy within the industry. Our exploratory research provides illustrative examples of how complex harm networks operate within and across the fine jewellery industry, and demonstrates the inter-relationships that exist across the different stages of the fine jewellery harm chain. Findings suggest that institutional forces are coalescing towards a more responsible agenda for the fine jewellery industry. Moreover, while CR is a tool to disrupt harmful institutional norms and practices within such an industry, it requires the co-creation of new transformative business models and multi-stakeholder involvement including firms (SMEs and MNEs), trade associations, non-governmental organisations and consumers. Solutions include national and international legislation, price adjusted certification routes for small firms, harmonisation of industry CR standards to reduce overlap in certification and regulation and gem and precious metal “track and trace” schemes.
published_date 2017-07-01T03:31:49Z
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score 11.035634

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