The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Citations
10,630 citations
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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3,806 citations
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
374 citations
"The Stakeholder Theory of the Corpo..." refers background in this paper
...Many recent instrumental studies of corporate social responsibility, all of which make explicit or implicit reference to stakeholder perspectives, use conventional statistical methodologies (Aupperle, Carroll, & Hatfield, 1985; Barton, Hill, & Sundaram, 1989; Cochran & Wood, 1984; Cornell & Shapiro, 1987; McGuire, Sundgren, & Schneeweis, 1988; Preston & Sapienza, 1990; Preston, Sapienza, & Miller, 1991)....
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...There is some evidence, based on analysis of the Fortune corporate reputation surveys, that the satisfaction of multiple stakeholders need not be a zero sum game (i.e., that benefits to one stakeholder group need not come entirely at the expense of another) ( Preston & Sapienza, 1990 )....
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"The Stakeholder Theory of the Corpo..." refers methods in this paper
...For example, stakeholder theory has been used to describe (a) the nature of the firm (Brenner & Cochran, 1991), (b) the way managers think about managing (Brenner & Molander, 1977), (c) how board members think about the interests of corporate constituencies ( Wang & Dewhirst, 1992 ), and (d) how some corporations are actually managed (Clarkson, 1991; Halal, 1990; Kreiner & Bhambri, 1991)....
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266 citations