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Whither Stakeholder Theory? A Guide for the Perplexed Revisited

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  • John Hasnas

Abstract

The nature of stakeholder theory and its fundamental normative prescriptions are the subject of much confusion and academic debate. This article attempts to provide an account of both the fundamental normative implications of stakeholder theory and the theory’s range of application that both stakeholder advocates and critics can agree upon. Using exclusively the language of leading stakeholder theorists, the article identifies the essential prescriptions of the theory and the type of organizations to which stakeholder theory applies in the hope of facilitating effective discussion and evaluation of the normative dimension of stakeholder theory. Copyright Springer Science+Business Media B.V. 2013

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  • John Hasnas, 2013. "Whither Stakeholder Theory? A Guide for the Perplexed Revisited," Journal of Business Ethics, Springer, vol. 112(1), pages 47-57, January.
    • Handle: RePEc:kap:jbuset:v:112:y:2013:i:1:p:47-57
    DOI: 10.1007/s10551-012-1231-8
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    References listed on IDEAS

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    1. Dunham, Laura & Freeman, R. Edward & Liedtka, Jeanne, 2006. "Enhancing Stakeholder Practice: A Particularized Exploration of Community," Business Ethics Quarterly, Cambridge University Press, vol. 16(1), pages 23-42, January.
    2. Freeman, R. Edward, 1994. "The Politics of Stakeholder Theory: Some Future Directions1," Business Ethics Quarterly, Cambridge University Press, vol. 4(4), pages 409-421, October.
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    4. Maitland, Ian, 1994. "The Morality of the Corporation: An Empirical or Normative Disagreement?," Business Ethics Quarterly, Cambridge University Press, vol. 4(4), pages 445-458, October.
    5. Heath, Joseph, 2009. "The Uses and Abuses of Agency Theory," Business Ethics Quarterly, Cambridge University Press, vol. 19(4), pages 497-528, October.
    6. Phillips, Robert & Freeman, R. Edward & Wicks, Andrew C., 2003. "What Stakeholder Theory is Not," Business Ethics Quarterly, Cambridge University Press, vol. 13(4), pages 479-502, October.
    7. Robbin Derry, 2012. "Reclaiming Marginalized Stakeholders," Journal of Business Ethics, Springer, vol. 111(2), pages 253-264, December.
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    Cited by:

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    2. Vien Chu & Belinda Luke, 2021. "Understanding success in micro‐enterprise development: Dimensions and misconceptions," Public Administration & Development, Blackwell Publishing, vol. 41(2), pages 63-78, May.
    3. Jose-Luis Godos-Díez & Roberto Fernández-Gago & Laura Cabeza-García, 2015. "Business Education and Idealism as Determinants of Stakeholder Orientation," Journal of Business Ethics, Springer, vol. 131(2), pages 439-452, October.
    4. Ronald J. Balvers & John F. Gaski & Bill McDonald, 2016. "Financial Disclosure and Customer Satisfaction: Do Companies Talking the Talk Actually Walk the Walk?," Journal of Business Ethics, Springer, vol. 139(1), pages 29-45, November.
    5. José-Luis Godos-Díez & Roberto Fernández-Gago & Laura Cabeza-García, 2019. "How Does Reciprocity Affect Undergraduate Student Orientation towards Stakeholders?," Sustainability, MDPI, vol. 11(21), pages 1-15, October.
    6. Guido Migliaccio, 2019. "Disabled People in the Stakeholder Theory: a Literature Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1657-1678, December.
    7. William B. Edgar & Chris A. Lockwood, 2021. "Corporate Core Competencies’ Essence, Contexts, Discovery, and Future: A Call to Action for Executives and Researchers," SAGE Open, , vol. 11(1_suppl), pages 21582440211, December.
    8. Denise Fischer & Malte Brettel & René Mauer, 2020. "The Three Dimensions of Sustainability: A Delicate Balancing Act for Entrepreneurs Made More Complex by Stakeholder Expectations," Journal of Business Ethics, Springer, vol. 163(1), pages 87-106, April.
    9. Jennifer Lees-Marshment & Aimee Dinnin Huff & Neil Bendle, 2020. "A Social Commons Ethos in Public Policy-Making," Journal of Business Ethics, Springer, vol. 166(4), pages 761-778, November.
    10. Tim Mulgan, 2019. "Corporate Agency and Possible Futures," Journal of Business Ethics, Springer, vol. 154(4), pages 901-916, February.
    11. Roberto Bazanini & Celso Machado Junior, 2018. "Market as Religion: The Dynamics of Business Network in Megachurches," Brazilian Business Review, Fucape Business School, vol. 15(3), pages 262-283, May.
    12. Mahtani, Umesh S. & Garg, Chandra Prakash, 2018. "An analysis of key factors of financial distress in airline companies in India using fuzzy AHP framework," Transportation Research Part A: Policy and Practice, Elsevier, vol. 117(C), pages 87-102.

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