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

Marylyn Carrigan, M. McEachern, Caroline Moraes, C. Bosangit

    Research output: Contribution to journalArticlepeer-review

    30 Citations (Scopus)
    19 Downloads (Pure)

    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 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.
    Original languageEnglish
    Pages (from-to)681-699
    JournalJournal of Business Ethics
    Volume143
    DOIs
    Publication statusPublished - 18 Feb 2016

    Bibliographical note

    This article is currently in press. Full citation details will be uploaded when available.
    Available under Open Access

    Keywords

    • Corporate responsibility
    • Harm chain
    • Institutional theory
    • Jewellery
    • SME
    • Small business

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