Stakeholder Approach: What Effects Should We Take into Account in Contemporary Societies? [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
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Journal of Business Ethics 107 (2):147-158 (2012)
In recent years, the stakeholder approach has been widely applied in the debate on corporate social responsibility (CSR). Although many authors of this approach have reviewed many elements of the model, they have unconditionally accepted several criteria assumed by Freeman ( 1984 ) to identify stakeholders. In general, stakeholder authors have assumed that (a) the company establishes dyadic relationships with other agents, and (b) decisions made by a company only have foreseen and direct effects on other agents. These criteria have enabled researchers to understand simple processes. However, they have also prevented researchers from explaining how action comes about, and how responsibility is shared, in many complex processes taking place in contemporary societies. Such complex processes involve many agents, and each decision can generate unexpected effects which accumulate or disseminate. Furthermore, the normative structure governing these processes can affect and/or be affected by the actions of agents. In this study, we propose new criteria to expand the stakeholder model and facilitate the study of CSR in such processes
|Keywords||Stakeholder approach Effects Relationships Corporate responsibility Contemporary societies|
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References found in this work BETA
Peter Berger & Thomas Luckmann (1966). The Social Construction of Reality: A Treatise in the Sociology of Knowledge. Anchor Books.
Michael C. Jensen (2002). Value Maximization, Stakeholder Theory, and the Corporate Objective Function. Business Ethics Quarterly 12 (2):235-256.
Muel Kaptein (2004). Business codes of multinational firms: What do they say? Journal of Business Ethics 50 (1):13-31.
Ulrich Beck, Mark Ritter & Jennifer Brown (1993). Risk Society: Towards a New Modernity. Environmental Values 2 (4):367-368.
Citations of this work BETA
Susan V. H. Castro (2014). The Morality of Unequal Autonomy: Reviving Kant’s Concept of Status for Stakeholders. Journal of Business Ethics 121 (4):593-606.
Nader Asgary & Gang Li (forthcoming). Corporate Social Responsibility: Its Economic Impact and Link to the Bullwhip Effect. Journal of Business Ethics.
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