Whither Stakeholder Theory? A Guide for the Perplexed Revisited

The nature of stakeholder theory and its fundamental normative prescriptions are the subject of much confusion and academic debate. This article attempts to provide an account of both the fundamental normative implications of stakeholder theory and the theory's range of application that both st...

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Bibliographic Details
Published inJournal of business ethics Vol. 112; no. 1; pp. 47 - 57
Main Author Hasnas, John
Format Journal Article
LanguageEnglish
Published Dordrecht Springer 01.01.2013
Springer Netherlands
Springer Nature B.V
Subjects
Agency theory
Business
Business and Management
Business Ethics
Business management
Business organization
Business services
Business structures
Corporations
Economic models
Education
Ethics
Fiduciary management
Financial management
Investors
Labor unions
Management
Management principles
Narratives
Normativity
Philosophy
Quality of Life Research
Shareholders
Stakeholder
Stakeholders
Studies
Theorie
Trade unions
United States > US
Stakeholder theory
Organizational ethics
Labor unions
Agency theory
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Summary:The nature of stakeholder theory and its fundamental normative prescriptions are the subject of much confusion and academic debate. This article attempts to provide an account of both the fundamental normative implications of stakeholder theory and the theory's range of application that both stakeholder advocates and critics can agree upon. Using exclusively the language of leading stakeholder theorists, the article identifies the essential prescriptions of the theory and the type of organizations to which stakeholder theory applies in the hope of facilitating effective discussion and evaluation of the normative dimension of stakeholder theory.
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ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-012-1231-8