The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Stakeholder Theory: Reviewing a Theory That Moves Us
Abstract
This article reviews the academic stakeholder theory literature as it developed between 1984 and 2007. The authors content analyzed 179 articles that directly addressed Freeman's work on stakeholder theory and found five themes: (a) stakeholder definition and salience, (b) stakeholder actions and responses, (c) firm actions and responses, (d) firm performance, and (e) theory debates. Themes were observed in multiple research fields, suggesting broad appeal. The authors noted a substantial rise in stakeholder theory's prominence since 1995 and documented that the theory has detractors insofar as it questions shareholders' wealth maximization as the most fundamental objective of business. The authors' recommendations include urging more empirical research across a broader set of organizations apart from large publicly traded corporations, more qualitative research to document cognitive aspects of how managers respond to stakeholder expectations, and a return to the theory's emphasis on the strategic benefits of stakeholder management, albeit with a broader view of firm performance.
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Cites
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A Communitarian Note on Stakeholder Theory
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“The two most frequently applied normative frameworks include feminist ethics (Burton & Dunn, 1996; Lampe, 2001; Wicks, 1996; Wicks, Gilbert, & Freeman, 1994) and principles of “fair play” (Cludts, 1999; Etzioni, 1998; Phillips, 1997b; Van Buren, 2001).”
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Hanelt, A., Bohnsack, R., Marz, D., & Antunes Marante, C. (2021) · Journal of Management Studies · doi:10.1111/joms.12639 · Cited by 2,550
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Stakeholder Theory: Seeing the Field Through the Forest
Berman, S. L., & Johnson-Cramer, M. E. (2019) · Business & Society · doi:10.1177/0007650316680039 · Cited by 46
What we talk about when we talk about stakeholders
Johnson-Cramer, M. E., Phillips, R. A., Fadlallah, H., Berman, S. L., & Elms, H. (2022) · Business & Society · doi:10.1177/00076503211053005 · Cited by 31
Metadata
- Authors
- Laplume, A. O., Sonpar, K., & Litz, R. A.
- Venue
- Journal of Management
- Publisher
- SAGE Publications
- Published
- 2008-12
- Volume
- 34
- Issue
- 6
- Pages
- 1152-1189
- ISSN
- 0149-2063 (ISSN-L)
- 1557-1211
- OpenAlex
- W1992329207
- Cited by
- 1,185
- References
- 8
- FWCI
- 76.37
- Type
- journal article
- Language
- en
- Open access
- closed
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