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 stakeho...

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Bibliographic Details
Main Author: Hasnas, John (Author)
Format: Electronic Article
Language:English
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Published: Springer 2013
In: Journal of business ethics
Year: 2013, Volume: 112, Issue: 1, Pages: 47-57
Further subjects:B Agency Theory
B Stakeholder Theory
B Labor unions
B Organizational Ethics
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Description
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.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-012-1231-8