David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Business Ethics Quarterly 4 (4):431-443 (1994)
This paper discusses the normative ethical theory of the business firm advanced principally by William E. Evan and R. Edward Freeman. According to their stakeholder theory, the firm should be managed for the benefit of its stakeholders: indeed, management has a fiduciary obligation to stakeholders to act as their agent. In this paper I seek to clarify the theory by discussing the concept of a stakeholder and by distinguishing stakeholder theory from two varieties of stockholder theory-I call them ‘pure’ and ‘tinged.’ I argue that the distinctive claims of stakeholder theory, as contrasted with tinged stockholder theories, have been inadequately supported by argument.
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Citations of this work BETA
Yves Fassin (2009). The Stakeholder Model Refined. Journal of Business Ethics 84 (1):113 - 135.
Samantha Miles (2012). Stakeholder: Essentially Contested or Just Confused? [REVIEW] Journal of Business Ethics 108 (3):285-298.
Joseph Heath (2007). An Adversarial Ethic for Business: Or When Sun-Tzu Met the Stakeholder. [REVIEW] Journal of Business Ethics 72 (4):359 - 374.
Mikko H. Manner (2010). The Impact of CEO Characteristics on Corporate Social Performance. Journal of Business Ethics 93 (1):53 - 72.
Skip Worden (2009). A Genealogy of Business Ethics: A Nietzschean Perspective. [REVIEW] Journal of Business Ethics 84 (3):427 - 456.
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