The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Citations
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6,493 citations
Cites background from "The Stakeholder Theory of the Corpo..."
...The performance of business organizations is affected by their strategies and operations in market and non-market environments (Baron 2000)....
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...Instrumental stakeholder theory (for example, Clarkson 1995; Cornell and Shapiro 1987; Donaldson and Preston 1995; Freeman 1984; Mitchell et al. 1997 (the classification of these studies as exemplifying ‘instrumental stakeholder theory’ was made ex post)) suggests a positive relationship between…...
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...According to this theory, the satisfaction of various stakeholder groups is instrumental for organizational financial performance (Donaldson and Preston 1995; Jones 1995)....
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6,305 citations
Cites background from "The Stakeholder Theory of the Corpo..."
...According to Donaldson and Preston (1995), three aspect of this theory-normative, instrumental, and descriptive-are "mutually supportive....
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Cites background from "The Stakeholder Theory of the Corpo..."
...Indeed, whole fields of economic inquiry, such as the study of economic regulation (e.g., Demsetz, 1968; Stigler,...
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...Instead, most of the stakeholder literature focuses on four other issues (Donaldson & Preston, 1995)....
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References
4,690 citations
"The Stakeholder Theory of the Corpo..." refers background in this paper
...(Significant recent examples include books by Alkhafaji, 1989; Anderson, 1989; and Brummer, 1991; and articles by Brenner & Cochran, 1991; Clarkson, 1991; Goodpaster, 1991; Hill & Jones, 1992; and Wood, 1991a, b; plus numerous papers by Freeman and various collaborators,...
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3,447 citations
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"The Stakeholder Theory of the Corpo..." refers background in this paper
... Kotter and Heskett (1992) specifically observed that such highly successful companies as Hewlett-Packard, Wal-Mart, and Dayton Hudson-although very diverse in other ways-share a stakeholder perspective....
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...Other studies are based on direct observation and interviews ( Kotter & Heskett, 1992; O'Toole, 1985; see also, O'Toole, 1991)....
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... Kotter and Heskett (1992: 59) wrote that "[a]lmost all [their] managers care strongly about people who have a stake in the business-customers, employees, stockholders, suppliers, etc."...
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