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Stakeholder Approach in Business Education and Management Practice – The case of Hungary


  • Agnes Wimmer

    () (Corvinus University of Budapest)

  • Reka Matolay

    () (Corvinus University of Budapest)


The aim of the paper is to explore stakeholder orientations of companies operating in the Hungarian context. By doing so we are looking at the interrelationship of attention paid to stakeholders and the business performance of surveyed companies. Findings of the empirical study are then discussed in an educational context: based on the current management practices what business educators may learn in order to contribute to stakeholder orientations of the next generations of business decision makers.

Suggested Citation

  • Agnes Wimmer & Reka Matolay, 2017. "Stakeholder Approach in Business Education and Management Practice – The case of Hungary," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2017),, Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb017:474-486

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    References listed on IDEAS

    1. Michael C. Jensen, 2010. "Value Maximization, Stakeholder Theory, and the Corporate Objective Function," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 32-42, January.
    2. Agle, Bradley R. & Donaldson, Thomas & Freeman, R. Edward & Jensen, Michael C. & Mitchell, Ronald K. & Wood, Donna J., 2008. "Dialogue: Toward Superior Stakeholder Theory," Business Ethics Quarterly, Cambridge University Press, vol. 18(2), pages 153-190, April.
    3. Mehdi Taghian & Clare D’Souza & Michael Polonsky, 2015. "A stakeholder approach to corporate social responsibility, reputation and business performance," Social Responsibility Journal, Emerald Group Publishing, vol. 11(2), pages 340-363, June.
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