Article:
Lawrence E. Mitchell, Cooperation and Constraint in the Modern Corporation: An Inquiry into the Causes of Corporate Immorality, 73 TEXAS L. REV. 477 (1995).
 

Abstract:
Professor Mitchell broadly addresses the moral and social responsibility of corporations by using the insights of developmental psychology and the philosophical problem of role morality. He argues that irresponsible corporate behavior and many of the related internal problems of corporate governance can be traced to the morally constraining effects of corporate law on the corporate entity and its managers. He concludes that loosening these legal constraints might have the effect of increasing the moral accountability, and thus responsibility, of the corporation and its managers.