Journal of Business Ethics 36 (3):207 - 221 (2002)
In order to ensure that corporations act in socially responsible ways. R. Freeman says that firms should be legally required to act in accordance with the directives of a moral theory which he developed especially for business – a theory which has come to be called "normative stakeholder theory" (NST). I argue that NST fails as a moral theory and that this failure indicates: (1) that we should abandon the quest to develop a special moral theory for use in business, and (2) that we should not attempt to impose the use of any moral theory upon business, but rather should allow corporations to determine their moral responsibilities in any way they see fit.
|Keywords||Philosophy Ethics Business Education Economic Growth Management|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
Stakeholder: Essentially Contested or Just Confused? [REVIEW]Samantha Miles - 2012 - Journal of Business Ethics 108 (3):285-298.
Corporations, Stakeholders and Sustainable Development I: A Theoretical Exploration of Business–Society Relations.Reinhard Steurer, Markus E. Langer, Astrid Konrad & André Martinuzzi - 2005 - Journal of Business Ethics 61 (3):263-281.
What Global Emission Regulations Should Corporations Support?David Burress - 2005 - Journal of Business Ethics 60 (4):317-339.
Reviewing Policies on Satellite Broadcasts in East Asia: New Technology, Political Economy, and Civil Society.Amos Owen Thomas - 2003 - Knowledge, Technology and Policy 16 (3):103-112.
Similar books and articles
Can There Be a Social Contract with Business?Paul F. Hodapp - 1990 - Journal of Business Ethics 9 (2):127 - 131.
Corporate Responsibility and Corporate Personhood.Rita C. Manning - 1984 - Journal of Business Ethics 3 (1):77 - 84.
Moral Discourse and Corporate Social Responsibility Reporting.MaryAnn Reynolds & Kristi Yuthas - 2008 - Journal of Business Ethics 78 (1-2):47 - 64.
What is Necessary for Corporate Moral Excellence?W. Michael Hoffman - 1986 - Journal of Business Ethics 5 (3):233 - 242.
A Political Account of Corporate Moral Responsibility.Jeffery Smith - 2011 - Ethical Theory and Moral Practice 14 (2):223 - 246.
Stakeholders and the Moral Responsibilities of Business.Bruce Langtry - 1994 - Business Ethics Quarterly 4 (4):431-443.
Added to index2009-01-28
Total downloads21 ( #235,660 of 2,163,976 )
Recent downloads (6 months)1 ( #348,017 of 2,163,976 )
How can I increase my downloads?