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Stakeholder Management, Reciprocity and Stakeholder Responsibility


  • Yves Fassin



Stakeholder theory advocates that firms bear responsibility for the implications of their actions. However, while a firm affects or can affect stakeholders, stakeholders can also affect the corporation. Previous stakeholder theorising has neglected the reciprocal nature of responsibility. The question can be asked whether—in a spirit of reciprocity, loyalty and fairness—stakeholders should treat the corporation in a fair and responsible way. This study based on different definitions of stakeholders argues that various stakeholder attributes differ for different categories of stakeholders. This analysis presumes that the attribute of stakeholder reciprocity can probably be restricted to real stakeholders, labelled stakeowners: genuine stakeholders with a legitimate stake, the loyal partners who strive for mutual benefits. Stakeowners own and deserve a stake in the firm. Stakeholder reciprocity could be an innovative criterion in the corporate governance debate as to who should be accorded representation on the board. Corporate social responsibility should imply corporate stakeholder responsibility. Copyright Springer Science+Business Media B.V. 2012

Suggested Citation

  • Yves Fassin, 2012. "Stakeholder Management, Reciprocity and Stakeholder Responsibility," Journal of Business Ethics, Springer, vol. 109(1), pages 83-96, August.
  • Handle: RePEc:kap:jbuset:v:109:y:2012:i:1:p:83-96
    DOI: 10.1007/s10551-012-1381-8

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    References listed on IDEAS

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    1. Sefa Hayibor, 2017. "Is Fair Treatment Enough? Augmenting the Fairness-Based Perspective on Stakeholder Behaviour," Journal of Business Ethics, Springer, vol. 140(1), pages 43-64, January.
    2. Krista Bondy & Aurelie Charles, 2020. "Mitigating Stakeholder Marginalisation with the Relational Self," Journal of Business Ethics, Springer, vol. 165(1), pages 67-82, August.
    3. Vincent C. Ma & John S. Liu, 2016. "Exploring the research fronts and main paths of literature: a case study of shareholder activism research," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 33-52, October.
    4. E. Holly Buttner & Kevin B. Lowe, 2017. "Addressing Internal Stakeholders’ Concerns: The Interactive Effect of Perceived Pay Equity and Diversity Climate on Turnover Intentions," Journal of Business Ethics, Springer, vol. 143(3), pages 621-633, July.
    5. Peter Seele & Irina Lock, 2015. "Instrumental and/or Deliberative? A Typology of CSR Communication Tools," Journal of Business Ethics, Springer, vol. 131(2), pages 401-414, October.
    6. Dina Tomsic, 2013. "Towards A Relational View Of Corporate Governance," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 9(2), pages 71-88.
    7. Kévin André & Sylvain Bureau & Arthur Gautier & Olivier Rubel, 2017. "Beyond the Opposition Between Altruism and Self-interest: Reciprocal Giving in Reward-Based Crowdfunding," Journal of Business Ethics, Springer, vol. 146(2), pages 313-332, December.
    8. Addmore T. Muruviwa & Wilson Akpan & Fhulu H. Nekhwevha, 2020. "Debating stakeholder reciprocity: understanding the stakeholders’ duties in corporate social responsibility in a Zimbabwean mining town," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(3), pages 1787-1809, March.
    9. Mohammad A. Ali, 2017. "Stakeholder Salience for Stakeholder Firms: An Attempt to Reframe an Important Heuristic Device," Journal of Business Ethics, Springer, vol. 144(1), pages 153-168, August.
    10. Kaiming Zheng & Xiaoyuan Wang & Debing Ni & Yang Yang, 2020. "Reciprocity and Veto Power in Relation-Specific Investments: An Experimental Study," Sustainability, MDPI, Open Access Journal, vol. 12(10), pages 1-1, May.
    11. Claude Francoeur & Réal Labelle & Souha Balti & Saloua EL Bouzaidi, 2019. "To What Extent Do Gender Diverse Boards Enhance Corporate Social Performance?," Journal of Business Ethics, Springer, vol. 155(2), pages 343-357, March.
    12. María Lourdes Arco-Castro & María Victoria Lopez-Pérez & Sara Rodriguez-Gomez & Raquel Garde-Sánchez, 2020. "Do Stakeholders Modulate Philanthropic Strategy? Corporate Philanthropy as Stakeholders’ Engagement," Sustainability, MDPI, Open Access Journal, vol. 12(18), pages 1-1, September.
    13. Blanche Segrestin & Armand Hatchuel & Ken Starkey, 2019. "Captains Of Industry? Value Allocation And The Partnering Effect Of Managerial Discretion," Post-Print hal-02281514, HAL.
    14. Andrew Crane & Cameron Graham & Darlene Himick, 2015. "Financializing Stakeholder Claims," Journal of Management Studies, Wiley Blackwell, vol. 52(7), pages 878-906, November.
    15. Jeffrey S. Harrison & Shawn L. Berman, 2016. "Corporate Social Performance and Economic Cycles," Journal of Business Ethics, Springer, vol. 138(2), pages 279-294, October.
    16. Montserrat Manzaneque-Lizano & Esteban Alfaro-Cortés & Alba María Priego de la Cruz, 2019. "Stakeholders and Long-Term Sustainability of SMEs. Who Really Matters in Crisis Contexts, and When," Sustainability, MDPI, Open Access Journal, vol. 11(23), pages 1-1, November.
    17. Diego F. Uribe & Isabel Ortiz-Marcos & Ángel Uruburu, 2018. "What Is Going on with Stakeholder Theory in Project Management Literature? A Symbiotic Relationship for Sustainability," Sustainability, MDPI, Open Access Journal, vol. 10(4), pages 1-1, April.
    18. Tobias Hahn & Noël Albert, 2017. "Strong Reciprocity in Consumer Boycotts," Journal of Business Ethics, Springer, vol. 145(3), pages 509-524, October.
    19. Nicolas Dahan & Jonathan Doh & Jonathan Raelin, 2015. "Pivoting the Role of Government in the Business and Society Interface: A Stakeholder Perspective," Journal of Business Ethics, Springer, vol. 131(3), pages 665-680, October.
    20. Susan Castro, 2014. "The Morality of Unequal Autonomy: Reviving Kant’s Concept of Status for Stakeholders," Journal of Business Ethics, Springer, vol. 121(4), pages 593-606, June.
    21. Lourdes Arco-Castro & Maria Victoria López-Pérez & Maria Carmen Pérez-López & Lázaro Rodríguez-Ariza, 2020. "Corporate philanthropy and employee engagement," Review of Managerial Science, Springer, vol. 14(4), pages 705-725, August.
    22. Constandt, Bram & Parent, Milena M. & Willem, Annick, 2020. "Does it really matter? A study on soccer fans’ perceptions of ethical leadership and their role as “stakeowners”," Sport Management Review, Elsevier, vol. 23(3), pages 374-386.
    23. Carl Rhodes & Robert Westwood, 2016. "The Limits of Generosity: Lessons on Ethics, Economy, and Reciprocity in Kafka’s The Metamorphosis," Journal of Business Ethics, Springer, vol. 133(2), pages 235-248, January.


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