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  1. Dialogue: Toward Superior Stakeholder Theory.Bradley R. Agle, Thomas Donaldson & R. Edward Freeman - 2008 - Business Ethics Quarterly 18 (2):153-190.
    A quick look at what is happening in the corporate world makes it clear that the stakeholder idea is alive, well, and flourishing; and the question now is not “if ” but “how” stakeholder theory will meet the challenges of its success. Does stakeholder theory’s “arrival” mean continued dynamism, refinement, and relevance, or stasis? How will superior stakeholder theory continue to develop? In light of these and related questions, the authors of these essays conducted an ongoing dialogue on the current (...)
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  2. Problems of Stakeholder Theory.Tim Ambler & Andrea Wilson - 1995 - Business Ethics 4 (1):30–35.
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  3. Problems of Stakeholder Theory.Tim Ambler & Andrea Wilson - 1995 - Business Ethics: A European Review 4 (1):30-35.
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  4. The Stakeholder Theory and the Common Good.Antonio Argandoña - 1998 - Journal of Business Ethics 17 (9-10):1093-1102.
    The theory of the social responsibility of the firm oscillates between two extremes: one that reduces the firm's responsibility to the obtainment of (the greatest possible) profit for its shareholders, and another that extends the firm's responsibility to include a wide range of actors with an interest or "stake" in the firm. The stakeholder theory of the social responsibility of business is more appealing from an ethical point of view, and yet it lacks a solid foundation that would be acceptable (...)
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  5. Stakeholder Theory.D. Bevan & P. H. Werhane - 2011 - In Mollie Painter-Morland & René ten Bos (eds.), Business Ethics and Continental Philosophy. Cambridge University Press. pp. 37--60.
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  6. The Stakeholder Theory of the Firm.Steven N. Brenner - 1992 - Business Ethics Quarterly 2 (2):99-119.
    Various authors advocate consideration of stakeholder value concerns in organizational decision making. Brenner and Cochran (1990, 1991) propose a stakeholder theory of the firm which contains several propositions and a stakeholder value matrix. In order to begin any stakeholder rnodel validation, an approach is needed to measure stakeholder value and influence weights. We propose a multicriteria decision modeling approach, utilizing the analytic hierarchy process, to estimate stakeholder value matrix weights. This approach is illustrated using a simplified example and suggestions are (...)
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  7. Toward a Contemporary Conceptual Framework for Stakeholder Theory.Rogene A. Buchholz & Sandra B. Rosenthal - 2005 - Journal of Business Ethics 58 (1-3):137-148.
    . Atomic individualism is embedded in most definitions of stakeholder theory, and as a result, stakeholders are not integral to the basic identity of the corporation which is considered to be independent of, and separate from, its stakeholders. Feminist theory has been suggested as a way of developing a more relational view of the corporation and its stakeholders, but it lacks a systematically developed conceptual framework for undergirding its own insights. Pragmatic philosophy is offered as a way of providing this (...)
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  8. Stakeholder Theory and Public Policy: How Governments Matter. [REVIEW]Rogene A. Buchholz & Sandra B. Rosenthal - 2004 - Journal of Business Ethics 51 (2):143-153.
    The Social Issues in Management Division has had a long history of research into various aspects of governmental influences on business. Recent years, however, have seen stakeholder theory sort of sweep the field, and under a stakeholder theory of capitalism, governments will matter less then they have in the past as stakeholder principles are implemented throughout the corporate world. This article will examine the nature of this claim by discussing problems with the implementation of stakeholder theory and examining the role (...)
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  9. Does the Stakeholder Theory Constitute a New Kind of Theory of Social Responsibility?Thomas L. Carson - 1993 - Business Ethics Quarterly 3 (2):171-176.
    In arecent paper, Kenneth Goodpaster formulates three versions of the stakeholder theory of corporate social responsibility. He rejects the first two versions and endorses the third. I argue that the theory that Goodpaster defends under the name “stakeholder theory” is aversion (albeit a somewhat different version) of Milton Friedman’s theory of corporate social responsibility. I also argue that the first two formulations of the stakeholder theory which Goodpaster discusses are at most only slight modifications of other theories. I conclude by (...)
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  10. The Narrow Application of Rawls in Business Ethics: A Political Conception of Both Stakeholder Theory and the Morality of Markets.Marc A. Cohen - 2010 - Journal of Business Ethics 97 (4):563-579.
    This paper argues that Rawls’ principles of justice provide a normative foundation for stakeholder theory. The principles articulate (at an abstract level) citizens’ rights; these rights create interests across all aspects of society, including in the space of economic activity; and therefore, stakeholders – as citizens – have legitimate interests in the space of economic activity. This approach to stakeholder theory suggests a political interpretation of Boatright’s Moral Market approach, one that emphasizes the rights/place of citizens. And this approach to (...)
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  11. A Moral Stakeholder Theory of the Firm.Attas Daniel - 2004 - Ethics and Economics 2 (2).
    To be a coherent and genuinely alternative conception to the shareholder model, any moral stakeholder theory must meet the following conditions: It must be an ethical theory; It must identify a limited group as stakeholders; The group must be identified on morally relevant grounds; Stakeholder claims must be non-universal; And not held against everyone. A principle for identifying the stakeholder is suggested as a person who has much to lose – financially, socially, or psychologically – by the failure of the (...)
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  12. Stakeholder of Partner? De NGO's En de Geloofwaardigheid van de Sociale Clausules Opgelegd Door Multinationale Onderneminge.Geert Demuijnck - 2004 - Ethiek and Maatschappij 7:78-87.
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  13. The Primordial Stakeholder: Advancing the Conceptual Consideration of Stakeholder Status for the Natural Environment. [REVIEW]Cathy Driscoll & Mark Starik - 2004 - Journal of Business Ethics 49 (1):55-73.
    This article furthers the argument for a stakeholder theory that integrates into managerial decision-making the relationship between business organizations and the natural environment. The authors review the literature on stakeholder theory and the debate over whom or what should count as a stakeholder. The authors also critique and expand the stakeholder identification and salience model developed by Mitchell and Wood (1997) by reconceptualizing the stakeholder attributes of power, legitimacy, and urgency, as well as by developing a fourth stakeholder attribute: proximity. (...)
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  14. Distinctions in Descriptive and Instrumental Stakeholder Theory: A Challenge for Empirical Research.Niklas Egels-Zandén & Joakim Sandberg - 2010 - Business Ethics: A European Review 19 (1):35-49.
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  15. Imperfections and Shortcomings of the Stakeholder Model's Graphical Representation.Yves Fassin - 2008 - Journal of Business Ethics 80 (4):879 - 888.
    The success of the stakeholder theory in management literature as well as in current business practices is largely due to the inherent simplicity of the stakeholder model––and to the clarity of Freeman’s powerful synthesised visual conceptualisation. However, over the years, critics have attacked the vagueness and ambiguity of stakeholder theory. In this article, rather than building on the discussion from a theoretical point of view, a radically different and innovative approach is chosen: the graphical framework is used as the central (...)
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  16. 6. Stakeholder Theory.Timothy L. Fort - 2001 - The Ruffin Series in Business Ethics:119-135.
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  17. Stakeholder Theory Ethically Resuscitated.William C. Frederick - 1995 - The Ruffin Series in Business Ethics:226-228.
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  18. The Politics of Stakeholder Theory.R. Edward Freeman - 1994 - Business Ethics Quarterly 4 (4):409-421.
    The purpose of this paper is to enter the conversation about stakeholder theory with the goal of clarifying certain foundational issues. I want to show, along with Boatright, that there is no stakeholder paradox, and that the principle on which such a paradox is built, the Separation Thesis, is nicely self-serving to business and ethics academics. If we give up such a thesis we find there is no stakeholder theory but that stakeholder theory becomes a genre that is quite rich. (...)
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  19. Stakeholder Capitalism.R. Edward Freeman, Kirsten Martin & Bidhan Parmar - 2007 - Journal of Business Ethics 74 (4):303-314.
    In this article, we will outline the principles of stakeholder capitalism and describe how this view rejects problematic assumptions in the current narratives of capitalism. Traditional narratives of capitalism rely upon the assumptions of competition, limited resources, and a winner-take-all mentality as fundamental to business and economic activity. These approaches leave little room for ethical analysis, have a simplistic view of human beings, and focus on value-capture rather than value-creation. We argue these assumptions about capitalism are inadequate and leave four (...)
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  20. Stakeholder Theory: A Libertarian Defense.R. Edward Freeman & Robert A. Phillips - 2002 - Business Ethics Quarterly 12 (3):331-350.
    Abstract: The purpose of this paper is to suggest that at least one strain of what has come to be called “stakeholder theory” has roots that are deeply libertarian. We begin by explicating both “stakeholder theory” and “libertarian arguments.” We show how there are libertarian arguments for both instrumental and normative stakeholder theory, and we construct a version of capitalism, called “stakeholder capitalism,” that builds on these libertarian ideas. We argue throughout that strong notions of “freedom” and “voluntary action” are (...)
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  21. Corporations in the Moral Community.Peter A. French, Jeffrey Nesteruk & David T. Risser - 1992 - Harcourt Brace Jovanovich College Publishers.
  22. Sustainability, Public Health, and the Corporate Duty to Assist.Julian Friedland - 2015 - Business and Professional Ethics Journal 34 (2):215-236.
    Several European and North American states encourage or even require, via good Samaritan and duty to rescue laws, that persons assist others in distress. This paper offers a utilitarian and contractualist defense of this view as applied to corporations. It is argued that just as we should sometimes frown on bad Samaritans who fail to aid persons in distress, we should also frown on bad corporate Samaritans who neglect to use their considerable multinational power to undertake disaster relief or to (...)
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  23. The Utility of Offshoring: A Rawlsian Critique.Julian Friedland - 2005 - Electronic Journal of Business Ethics and Organization Studies 10 (1):9-13.
    Most prominent arguments favoring the widespread discretionary business practice of sending jobs overseas, known as ‘offshoring,’ attempt to justify the trend by appeal to utilitarian principles. It is argued that when business can be performed more cost-effectively offshore, doing so tends, over the longterm, to achieve the greatest good for the greatest number. This claim is supported by evidence that exporting jobs actively promotes economic development overseas while simultaneously increasing the revenue of the exporting country. After showing that offshoring might (...)
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  24. The Moral Basis of Stakeholder Theory.Kevin Gibson - 2000 - Journal of Business Ethics 26 (3):245 - 257.
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  25. A Cautionary Note on Stakeholder Theory and Social Enterprise.Jon Griffith - 2009 - Philosophy of Management 8 (3):75-79.
    Much ink has been spilt over the last decade in discussion of the theories and practices of social enterprise - see especially Peattie and Morley for a comprehensive review of the field, including of other reviews.This brief paper is about a specific aspect of these theories and practices: the effort to establish social enterprises as distinctive from others in having at least a double bottom-line (or in some cases a triple bottom-line, or even some greater multiple of bottom-lines).The effort to (...)
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  26. The Stockholder – A Lesson for Business Ethics From Bioethics?John Hardwig - 2010 - Journal of Business Ethics 91 (3):329-341.
    Business ethics – both stockholder and stakeholder theories – makes the same mistake as the one made by the traditional ethics of medicine. The traditional ethics of medicine was a teleological ethics predicated on the assumption that the goal of medicine was to prolong life and promote better health. But, as bioethicists have made plain, these are not the only or even the overriding goals of most patients. Most of us have goals and values that limit our desire for medical (...)
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  27. A Stakeholder Perspective of Entrepreneurial Activity.Jeffrey S. Harrison - 2002 - The Ruffin Series of the Society for Business Ethics 2002:143-150.
    Venkataraman (2000) described entrepreneurship as a method for resolving stakeholder value anomalies. His description provides strong normative support for encouraging entrepreneurship in society on the basis of reducing inequities and promoting social harmony. However, a stakeholder perspective of entrepreneurship also has the potential to provide a flexible and comprehensive description of the entrepreneurial process through its various stages. In addition, a stakeholder perspective, combined with resource-based theory, can help researchers in identifying factors that lead to entrepreneurial success or failure. Specifically, (...)
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  28. Stakeholder Theory, Value, and Firm Performance.Jeffrey S. Harrison & Andrew C. Wicks - 2013 - Business Ethics Quarterly 23 (1):97-124.
    This paper argues that the notion of value has been overly simplified and narrowed to focus on economic returns. Stakeholder theory provides an appropriate lens for considering a more complex perspective of the value that stakeholders seek as well as new ways to measure it. We develop a four-factor perspective for defining value that includes, but extends beyond, the economic value stakeholders seek. To highlight its distinctiveness, we compare this perspective to three other popular performance perspectives. Recommendations are made regarding (...)
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  29. Whither Stakeholder Theory? A Guide for the Perplexed Revisited.John Hasnas - 2013 - Journal of Business Ethics 112 (1):47-57.
    The nature of stakeholder theory and its fundamental normative prescriptions are the subject of much confusion and academic debate. This article attempts to provide an account of both the fundamental normative implications of stakeholder theory and the theory’s range of application that both stakeholder advocates and critics can agree upon. Using exclusively the language of leading stakeholder theorists, the article identifies the essential prescriptions of the theory and the type of organizations to which stakeholder theory applies in the hope of (...)
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  30. Corporate Social Responsibility and Farmer Suicides: A Case for Benign Paternalism?Arun A. Iyer - 2009 - Journal of Business Ethics 85 (4):429-443.
    Although arguments are a good way of exploring the limitations and complexities of a concept or a theory we may find ourselves faced with a real phenomenon that challenges the existing formulations of a concept or a theory so strongly and reveals its limitations to us so starkly that we are forced to break away from the current discussion and start anew. Such is the challenge posed by the phenomenon of farmer suicides on our existing theories of corporate social responsibility. (...)
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  31. Value Maximization, Stakeholder Theory, and the Corporate Objective Function.Michael C. Jensen - 2002 - Business Ethics Quarterly 12 (2):235-256.
    Abstract: In this article, I offer a proposal to clarify what I believe is the proper relation between value maximization and stakeholder theory, which I call enlightened value maximization. Enlightened value maximization utilizes much of the structure of stakeholder theory but accepts maximization of the long-run value of the firm as the criterion for making the requisite tradeoffs among its stakeholders, and specifies long-term value maximization or value seeking as the firm’s objective. This proposal therefore solves the problems that arise (...)
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  32. Stakeholder Theory: The State of the Art.T. Jones, A. Wicks & R. Edward Freeman - 2002 - In Norman E. Bowie (ed.), The Blackwell Guide to Business Ethics. Blackwell. pp. 19--37.
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  33. Is There a Theory in Stakeholder Theory.Thomas M. Jones - 1994 - Business and Society 33 (1):98-101.
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  34. Decentered Stakeholder Theory.Dominic Kaeslin, Ruth Schmitt & Jerry Calton - 2007 - Proceedings of the International Association for Business and Society 18:448-452.
    In this workshop, a decentered approach to stakeholder theory is proposed, where a shared network problem, rather than a firm, frames stakeholder interactions. Two case studies are presented to illustrate the potential usefulness of adopting a decentered perspective on firm-stakeholder relations. Multi-stakeholder learning dialogues and actor-network theory are introduced as examples of possible theoretical frameworks that allow the adoption of a decentered perspective.
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  35. An Optimally Viable Version of Stakeholder Theory.J. Kaler - 2009 - Journal of Business Ethics 86 (3):297-312.
    This article is the final one in a series of four papers investigating the stakeholder approach to running businesses. It argues that the optimally viable version of that approach is one in which employees have a co-equal status as stakeholders with shareholders (the maximum allowed for under stakeholder theory) while other groupings only have a minimal status as stakeholders and are generally restricted to just customers, suppliers, and lenders. This version is argued for on the grounds that it both overcomes (...)
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  36. Evaluating Stakeholder Theory.J. Kaler - 2006 - Journal of Business Ethics 69 (3):249-268.
    This paper is the third in a series of four that is directed at understanding and assessing stakeholder theory for the purposes of business ethics. It addresses the suitability and viability of the theory, rejecting objections of a moral and efficiency sort based (respectively) on claims about property rights and the economic superiority of the alternative stockholder approach, but accepting that implementation problems require limiting both the number of groupings admitted to stakeholder status and the degree of responsibility towards them. (...)
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  37. Arriving at an Acceptable Formulation of Stakeholder Theory.John Kaler - 2004 - Business Ethics: A European Review 13 (1):73-79.
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  38. Differentiating Stakeholder Theories.John Kaler - 2003 - Journal of Business Ethics 46 (1):71 - 83.
    Following on from work on stakeholder identification, this paper constructs a typology of stakeholder theories based on the extent to which serving the interests of non-shareholders relative to those of shareholders is accepted as a responsibility of companies. A typology based on the division of stakeholder theories into normative, descriptive, and instrumental is rejected on the grounds that the latter two designations refer to second order theories rather than divisions within stakeholder theory and the first is a designation which, for (...)
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  39. Arriving at an Acceptable Formulation of Stakeholder Theory.John Kaler & Senior Lecturer - 2004 - Business Ethics 13 (1):73–79.
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  40. Participation and Property Rights.Sheldon Leader - 1999 - Journal of Business Ethics 21 (2-3):97 - 109.
    This paper puts forward an argument for stakeholder rights. It begins by exploring two major answers to the question, 'in whose interests should the commercial company function?'. One claims parity for other stakeholders alongside the shareholder on the basis of a theory of property rights, and another on a theory of citizenship. Each of these answers, it is argued, fail to convince. The way forward is to recast the initial question, not asking in whose interest the company should function, but (...)
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  41. Corporate Governance with a Difference: Fiduciary Duty for a Wisdom Economy.Laurent Leduc - 2004 - International Journal of Business Governance and Ethics 1 (s 2-3):147-161.
    Fiduciary duty is not restricted merely to the property of shareholders but includes ethical obligations to a wider constituency stakeholders in terms of power. Several approaches to corporate social responsibility (CSR) are considered in terms of their respective orientations to the external world. Robert Greenleaf's notion of "service to others" or "servant-leadership" is considered as a case of the fifth level approach to CSR. An historical perspective offers a precedent for reclaiming corporate charter grants as a means for reinstating the (...)
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  42. The Idea of a Contractarian Business Ethics.Christoph Luetge - 2013 - In Christopher Luetege (ed.), Handbook of the Philosophical Foundations of Business Ethics. Springer. pp. 647--658.
  43. Handbook of the Philosophical Foundations of Business Ethics.Christoph Lütge (ed.) - 2013 - Heidelberg: Springer.
  44. A Fiduciary Argument Against Stakeholder Theory.Alexei M. Marcoux - 2003 - Business Ethics Quarterly 13 (1):1-24.
    Critics attack normative ethical stakeholder theory for failing to recognize the special moral status of shareholders that justifiesthe fiduciary duties owed to them at law by managers. Stakeholder theorists reply that there is nothing morally significant about shareholders that can underwrite those fiduciary duties. I advance an argument that seeks to demonstrate both the special moral status of shareholders in a firm and the concomitant moral inadequacy of stakeholder theory. I argue that (i) if some relations morally requirefiduciary duties, and (...)
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  45. The Contained-Rivalry Requirement and a 'Triple Feature' Program for Business Ethics.Dominic Martin - 2013 - Journal of Business Ethics 115 (1):167-182.
    This paper proposes a description of the moral obligations of economic agents. It will show that a threefold division should be adopted to distinguish moral obligations applying to their interactions in the market, obligations applying to their interactions inside business firms and obligations applying to their interactions with agents outside the market. Competition might be permissible in the first case since markets are special patterns of social interactions (called adversarial schemes). They produce their benefits when agents try to satisfy exclusive (...)
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  46. What is Stakeholder Democracy? Perspectives and Issues.Dirk Matten & Andrew Crane - 2005 - Business Ethics 14 (1):6–13.
  47. The View and Purpose of the Firm in Freeman's Stakeholder Theory.Domènec Melé - 2009 - Philosophy of Management 8 (3):3-13.
    Stakeholder Theory (ST), presented by R. Edward Freeman, is a managerial theory which sees the firm as ‘connected networks of stakeholder interests’. The purpose of the firm in Freeman’s theory is ‘value creation and trade’ and ‘creation of value for each appropriate stakeholder’. This article argues that although ST presents important insights, its view of the firm is incomplete and its vision of the purpose of the business in society needs to be refined.
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  48. Entrepreneurship and Stakeholder Theory.Ronald K. Mitchell - 2002 - The Ruffin Series of the Society for Business Ethics 2002:175-195.
    In his Ruffin Lecture on stakeholder value and the entrepreneurial process, Professor S. Venkataraman asserted that two processes: value creation, and value sharing, are common ground for both the field of business ethics and the field of entrepreneurship (Venkataraman, 1999). In this article I further explore the connections between entrepreneurship and stakeholder theory raised in the Lecture, as they relate to both the production and the distribution of wealth in society. Through the application of transaction cognition theory, which suggests that (...)
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  49. An Aristotelian Business Ethics?Mark T. Nelson - 1998 - Journal of Applied Philosophy 15 (1):89–104.
    Elaine Sternberg's Just Business is one of the first book-length Aristotelian treatments of business ethics. It is Aristotelian in the sense that Sternberg begins by defining the nature of business in order to identify its end, and, thence, normative principles to regulate it. According to Sternberg, the nature of business is 'the selling of goods or services in order to maximise long-term owner value', therefore all business behaviour must be evaluated with reference to the maximisation of long-term owner value, constrained (...)
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  50. Conceptions of the Corporation and Ethical Decision Making in Business.Jeffrey Nesteruk & David T. Risser - 1993 - Business and Professional Ethics Journal 12 (1):73-89.
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