arbiter
JournalsPricingAccount

Proactive contract theory in the context of corporate sustainability due diligence

Juho Saloranta & Anna Hurmerinta‐Haanpää

Journal of Strategic Contracting and Negotiation2022https://doi.org/10.1177/20555636231165901article
AJG 1
Weight
0.57

What the paper says

The article discusses how proactive contract theory could be used to translate the ambitious objectives of the European Commission's current draft proposal on corporate sustainability due diligence into actual business practices in complex value chains and networks. Proactive contract theory regards contracts as legal, economic, managerial and social artefacts that should be designed to prevent undesirable results and promote favourable outcomes. Moreover, the theory highlights the need for multiprofessional collaboration and user-centricity in contract design. Based on these principles, we introduce four ways to promote corporate sustainability due diligence in supply contracts via proactive contracting: turning from one-sided safeguarding towards shared responsibility and collaboration, incentivizing responsible and sustainable business practices via promotive contract clauses, engaging end users in the contract design process and preventing disputes.

13 citations

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1177/20555636231165901

Or copy a formatted citation

@article{juho2022,
  title        = {{Proactive contract theory in the context of corporate sustainability due diligence}},
  author       = {Juho Saloranta & Anna Hurmerinta‐Haanpää},
  journal      = {Journal of Strategic Contracting and Negotiation},
  year         = {2022},
  doi          = {https://doi.org/https://doi.org/10.1177/20555636231165901},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Proactive contract theory in the context of corporate sustainability due diligence

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.57

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.56 × 0.4 = 0.23
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.