Journal ArticleDOI
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Thomas Donaldson,Lee E. Preston +1 more
TLDR
In this article, the authors examine three aspects of the stakeholder theory and critique and integrate important contributions to the literature related to each, concluding that the three aspects are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental.Abstract:
?The stakeholder theory has been advanced and justified in the management literature on the basis of its descriptive accuracy, instrumental power, and normative validity. These three aspects of the theory, although interrelated, are quite distinct; they involve different types of evidence and argument and have different implications. In this article, we examine these three aspects of the theory and critique and integrate important contributions to the literature related to each. We conclude that the three aspects of stakeholder theory are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental. If the unity of the corporate body is real, then there is reality and not simply legal fiction in the proposition that the managers of the unit are fiduciaries for it and not merely for its individual members, that they are . . . trustees for an institution [with multiple constituents] rather than attorneys for the stockholders.read more
Citations
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Journal ArticleDOI
Is the Perception of ‘Goodness’ Good Enough? Exploring the Relationship Between Perceived Corporate Social Responsibility and Employee Organizational Identification
Ante Glavas,Lindsey N. Godwin +1 more
TL;DR: This paper developed a model of the impact of perceived corporate social responsibility on employees' organizational identification, arguing that employees' perceptions of their company's social responsibility behaviors are more important than organizational reality in determining organizational identification.
Journal ArticleDOI
How Applying Instrumental Stakeholder Theory Can Provide Sustainable Competitive Advantage
TL;DR: Instrumental stakeholder theory considers the performance consequences for firms of highly ethical relationships with stakeholders, characterized by high levels of trust, cooperation, and informati... as mentioned in this paper,.
Journal ArticleDOI
Building a Good Reputation
Stephen Brammer,Stephen Pavelin +1 more
TL;DR: In this article, a conceptual framework that emphasises the need for fit between CSR activities and other key characteristics of a firm was developed for the purposes of reputation building, and evidence in support of a role for fit in the link between reputation and social performance was provided.
Journal ArticleDOI
A decade of supply chain collaboration and directions for future research
Claudine Soosay,Paul Hyland +1 more
TL;DR: A systematic review of the literature on supply chain collaboration published over a 10-year period from 2005 to 2014 is presented in this article, where the authors explore the nature and extent of research undertaken to identify key themes emerging in the field and gaps that need to be addressed.
Journal ArticleDOI
A Paradox Perspective on Corporate Sustainability: Descriptive, Instrumental, and Normative Aspects
TL;DR: In contrast to the business case logic, a paradox perspective does not establish emphasize business considerations over concerns for environmental protection and social well-being at the societal level as discussed by the authors, and a framework to delineate its descriptive, instrumental, and normative aspects is proposed.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Journal ArticleDOI
The Nature of the Firm
TL;DR: In this paper, it is shown that a definition of a firm may be obtained which is not only realistic in that it corresponds to what is meant by a firm in the real world, but is tractable by two of the most powerful instruments of economic analysis developed by Marshall, the idea of the margin and that of substitution.
Book
Strategic Management: A Stakeholder Approach
TL;DR: The Stakeholder Approach: 1. Managing in turbulent times 2. The stakeholder concept and strategic management 3. Strategic Management Processes: 4. Setting strategic direction 5. Formulating strategies for stakeholders 6. Implementing and monitoring stakeholder strategies 7. Conflict at the board level 8. The functional disciplines of management 9. The role of the executive as mentioned in this paper.
Journal ArticleDOI
The Economic Institutions of Capitalism
TL;DR: The Economic Institutions of Capitalism as mentioned in this paper is a seminal work in the field of economic institutions of capitalism. Journal of Economic Issues: Vol. 21, No. 1, pp. 528-530.