Tinged shareholder theory: Or what's so special about stakeholders?

Business Ethics, the Environment and Responsibility 8 (2):117–127 (1999)
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Abstract

This paper contrasts the normative foundations of the stakeholder and shareholder theories of the firm. It demonstrates how the shareholder theory of the firm appears to have at least as much normative support as stakeholder theory and suggests that a way forward may be for a variant of pure shareholder theory to emerge

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Geoff Moore
Durham University

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