The Moral Basis of Stakeholder Theory

Stakeholder theory is an important and commonly used framework for business ethics. This paper examines the claim that businesses shoul dconsider the interests of stakeholders, and questions whether there is a moral basis for that claim. Three approaches to stakeholder theory are discussed: 1. prude...

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Bibliographic Details
Published inJournal of business ethics Vol. 26; no. 3; pp. 245 - 257
Main Author Gibson, Kevin
Format Journal Article
LanguageEnglish
Published Dordrecht Kluwer Academic Publishers 01.08.2000
D. Reidel Pub. Co
Springer Nature B.V
Subjects
Business ethics
Business structures
Corporate responsibility
Corporations
Deontology
Ethics
Management principles
Moral agency
Morality
Morals
Reconciliation
Shareholders
Stakeholder
Stakeholders
Stockholders
Studies
Theory
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Summary:Stakeholder theory is an important and commonly used framework for business ethics. This paper examines the claim that businesses shoul dconsider the interests of stakeholders, and questions whether there is a moral basis for that claim. Three approaches to stakeholder theory are discussed: 1. prudence, 2. agency, and 3. deontological views. Of these, deontology has offered the strongest arguments for a normative stakeholder approach. However, on examination it turns out that deontology in this context relies on an embedded notion of corporate personhood.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0167-4544
1573-0697
DOI:10.1023/A:1006110106408