Proceedings of the International Association for Business and Society

Volume 4, 1993

Proceedings of the Fourth Annual Meeting

The Stakeholder Theory of the Firm and Organizational Decision Making
Some Propositions and A Model

This paper attempts to integrate Brenner and Cochran’s recent development of a stakeholder theory of the firm (1991) with knowledge about organizational decision making to expand the theory’s description of how stakeholders’ values influence organizational action. The paper provides a brief overview of stakeholder theories, identifies major theories of organizational decision making and links these two literatures by describing a set of propositions and a model which explores these concepts’ interrelationships.