Stakeholder Management, Reciprocity and Stakeholder Responsibility

Journal of Business Ethics 109 (1):83-96 (2012)
  Copy   BIBTEX

Abstract

Stakeholder theory advocates that firms bear responsibility for the implications of their actions. However, while a firm affects or can affect stakeholders, stakeholders can also affect the corporation. Previous stakeholder theorising has neglected the reciprocal nature of responsibility. The question can be asked whether—in a spirit of reciprocity, loyalty and fairness—stakeholders should treat the corporation in a fair and responsible way. This study based on different definitions of stakeholders argues that various stakeholder attributes differ for different categories of stakeholders. This analysis presumes that the attribute of stakeholder reciprocity can probably be restricted to real stakeholders, labelled stakeowners: genuine stakeholders with a legitimate stake, the loyal partners who strive for mutual benefits. Stakeowners own and deserve a stake in the firm. Stakeholder reciprocity could be an innovative criterion in the corporate governance debate as to who should be accorded representation on the board. Corporate social responsibility should imply corporate stakeholder responsibility

Other Versions

No versions found

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 101,854

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Corporate and Stakeholder Responsibility.Andrew C. Wicks - 2007 - Business Ethics Quarterly 17 (3):375-398.
Maximizing Stakeholders’ Interests.Silvia Ayuso - 2014 - Business and Society 53 (3):414-439.
Towards a Quantitative Model of Heterogeneity in Stakeholder Expectations of Corporate Responsibility.Kevin Money & Carola Hillenbrand - 2006 - Proceedings of the International Association for Business and Society 17:251-254.

Analytics

Added to PP
2012-06-28

Downloads
117 (#185,220)

6 months
11 (#364,844)

Historical graph of downloads
How can I increase my downloads?

References found in this work

A theory of justice.John Rawls - 2009 - In Steven M. Cahn (ed.), Exploring ethics: an introductory anthology. Oxford: Oxford University Press. pp. 133-135.
The Politics of Stakeholder Theory.R. Edward Freeman - 1994 - Business Ethics Quarterly 4 (4):409-421.
Business & society: ethics and stakeholder management.Archie B. Carroll - 2002 - Cincinnati, Ohio: South-Western College Pub./Thomson Learning. Edited by Ann K. Buchholtz.

View all 35 references / Add more references