The Stakeholders as Investors: A Response to Etzioni

In a recent contribution to this journal, Etzioni (1998) has introduced a “communitarian note on stakeholder theory” based on a principle of fairness. While we do not challenge the principle of fairness itself, we claim that when this principle is applied only to those who invest in the corporation,...

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Bibliographic Details
Main Author: Cludts, Stephan (Author)
Format: Electronic Article
Language:English
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Published: Cambridge Univ. Press 1999
In: Business ethics quarterly
Year: 1999, Volume: 9, Issue: 4, Pages: 673-676
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Summary:In a recent contribution to this journal, Etzioni (1998) has introduced a “communitarian note on stakeholder theory” based on a principle of fairness. While we do not challenge the principle of fairness itself, we claim that when this principle is applied only to those who invest in the corporation, it cannot serve as the ground for an ethical stakeholder theory. A focus on low-skilled workers as a stakeholder group will help us to illustrate this claim.
ISSN:2153-3326
Contains:Enthalten in: Business ethics quarterly
Persistent identifiers:DOI: 10.2307/3857943