The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
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Cites background from "The Stakeholder Theory of the Corpo..."
...…to justify it through arguments taken from Kantian capitalism (Bowie, 1991; Evan and Freeman, 1988), modern theories of property and distributive justice (Donaldson and Preston, 1995), and also Libertarian theories with its notions of freedom, rights and consent (Freeman and Philips, 2002)....
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...As main approaches we can distinguish the following....
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3,516 citations
Cites background from "The Stakeholder Theory of the Corpo..."
...Donaldson and Preston (1995) argued that stakeholder theory explicitly or implicitly contains theory of three different types-descriptive/empirical, instrumental, and normative....
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References
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"The Stakeholder Theory of the Corpo..." refers background in this paper
...For example, according to Cyert and March (1963), the neoclassical theory of the firm attempts to explain the economic principles governing production, investment, and pricing decisions of established firms operating in competitive markets....
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