Stakeholder theory and managerial decision-making: Constraints and implications of balancing stakeholder interests [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 64 (3):285 - 301 (2006)
Stakeholder theory is widely recognized as a management theory, yet very little research has considered its implications for individual managerial decision-making. In the two studies reported here, we used stakeholder theory to examine managerial decisions about balancing stakeholder interests. Results of Study 1 suggest that indivisible resources and unequal levels of stakeholder saliency constrain managers’ efforts to balance stakeholder interests. Resource divisibility also influenced whether managers used a within-decision or an across-decision approach to balance stakeholder interests. In Study 2 we examined instrumental and normative implications of these two approaches. We conclude by considering the contributions of this research.
|Keywords||stakeholder management ethical decision-making balancing stakeholder interests|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Min-Dong Paul Lee (2011). Configuration of External Influences: The Combined Effects of Institutions and Stakeholders on Corporate Social Responsibility Strategies. [REVIEW] Journal of Business Ethics 102 (2):281-298.
Scott J. Reynolds, Bradley P. Owens & Alex L. Rubenstein (2012). Moral Stress: Considering the Nature and Effects of Managerial Moral Uncertainty. [REVIEW] Journal of Business Ethics 106 (4):491-502.
Carmelo Cennamo, Pascual Berrone & Luis R. Gomez-Mejia (2009). Does Stakeholder Management Have a Dark Side? Journal of Business Ethics 89 (4):491 - 507.
Jose Maria Lopez-De-Pedro & Eva Rimbau-Gilabert (2012). Stakeholder Approach: What Effects Should We Take Into Account in Contemporary Societies? [REVIEW] Journal of Business Ethics 107 (2):147-158.
Maria Besiou, Mark Lee Hunter & Luk N. Van Wassenhove (2013). A Web of Watchdogs: Stakeholder Media Networks and Agenda-Setting in Response to Corporate Initiatives. Journal of Business Ethics 118 (4):709-729.
Similar books and articles
Alan Strudler (2002). The Ethical and Environmental Limits of Stakeholder Theory. Business Ethics Quarterly 12 (2):215-233.
Mark S. Schwartz (2006). God as a Managerial Stakeholder? Journal of Business Ethics 66 (2/3):291 - 306.
Nachoem M. Wijnberg (2000). Normative Stakeholder Theory and Aristotle: The Link Between Ethics and Politics. [REVIEW] Journal of Business Ethics 25 (4):329 - 342.
Cathy Driscoll & Mark Starik (2004). The Primordial Stakeholder: Advancing the Conceptual Consideration of Stakeholder Status for the Natural Environment. [REVIEW] Journal of Business Ethics 49 (1):55-73.
David L. Schwarzkopf (2006). Stakeholder Perspectives and Business Risk Perception. Journal of Business Ethics 64 (4):327 - 342.
Steven N. Brenner (1992). The Stakeholder Theory of the Firm. Business Ethics Quarterly 2 (2):99-119.
Eric W. Orts & Alan Strudler (2002). The Ethical and Environmental Limits of Stakeholder Theory. Business Ethics Quarterly 12 (2):215-234.
R. Edward Freeman & Robert A. Phillips (2002). Stakeholder Theory: A Libertarian Defense. Business Ethics Quarterly 12 (3):331-350.
John Hasnas (2013). Whither Stakeholder Theory? A Guide for the Perplexed Revisited. Journal of Business Ethics 112 (1):47-57.
Robert Phillips (2003). Stakeholder Legitimacy. Business Ethics Quarterly 13 (1):25-41.
Added to index2009-01-28
Total downloads52 ( #30,667 of 1,101,122 )
Recent downloads (6 months)8 ( #27,774 of 1,101,122 )
How can I increase my downloads?