The stakeholder theory of the corporation: concepts, evidence, and implications

Article citationsMore>>

Donald, T. and Preston, L. (1995) The Stakeholder Theory of the Corporation: Concepts, Evidence and Implications. Academy of Management Review, 20, 66-67.
//dx.doi.org/10.2307/258887

has been cited by the following article:

  • TITLE: Stakeholder Salience and Firm’s Accountability on Sustainable Supply Chain Management Practices: A Case of MaxTech, Africa

    AUTHORS: Ogoro Thomas Ombati, Philip Hirschsohn

    KEYWORDS: Stakeholder Salience, Sustainable Supply Chain Management Practices, Sustainability, Cellular Industry, MaxTech

    JOURNAL NAME: Journal of Service Science and Management, Vol.8 No.2, April 30, 2015

    ABSTRACT: Organizations are faced with stiff pressure from various stakeholders, a fact that has triggered management to think beyond the idea of shareholder wealth maximization. In order to achieve this, environmental and social concerns have been considered as pertinent issues in attaining sustainability. The present study aims to investigate how stakeholder salience, based on stakeholder power, legitimacy and urgency impacts on Sustainable Supply Chain Management (SSCM) practices. The study adopts a case study design, focusing on MaxTech, one of Africa’s most innovative cellular firms. The study solicited data from management and selected stakeholders, including community, telecoms regulator, corporate customers, and the suppliers to represent different salience levels. The study used semi structured interview protocol to solicit data. This study was analyzed by use of content analysis. The study revealed that the more the number of attributes a stakeholder has, the more attention she is accorded and hence she has more influence on MaxTech’s SSCM practices. Managers need to understand how to prioritize their stakeholders in order to effectively manage their expectations while sustaining the firm’s bottom line.

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  • Joseph W. C. Lau

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Article citationsMore>>

Donaldson, T. and Preston, L. (1995) The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20, 65-91.

has been cited by the following article:

  • TITLE: Corporate Social Responsibility Awareness, Firm Commitment and Organizational Performance

    AUTHORS: Evans Brako Ntiamoah, Priscilla Oforiwaa Egyiri, Michael Kwamega

    KEYWORDS: Corporate Social Responsibility, Firm Commitment, Banking Institution, Organizational Performance

    JOURNAL NAME: Journal of Human Resource and Sustainability Studies, Vol.2 No.2, June 18, 2014

    ABSTRACT: In this research, we addressed the following questions that are becoming increasingly important to managers in the banking industry of Ghana: is there a relationship between corporate social responsibility (CSR) awareness, firm commitment and organizational performance? If yes, how is the relationship between these three variables? The study adopted both qualitative (case study) and quantitative methods respectively. Banks were selected to gather data, which was acquired from answers obtained from our administered questionnaire and also through interviews. The population of the survey constituted the management and non-management staff and customers of UT Bank Ghana and Barclays Bank Ghana Ltd in Ghana. Hypotheses of the study will be analyzed using correlation and regression. Results of the study show that there are high positive correlations between the constructs of corporate social responsibility (CSR) awareness, firm commitment and organizational performance.

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Licensed Unlicensed Requires Authentication Published by University of Toronto Press 1998

From the book The Corporation and Its Stakeholders

Tom Donaldson and Lee E. Preston

    //doi.org/10.3138/9781442673496-011

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    © 2016 University of Toronto Press, Toronto

    From the book

    The Corporation and Its Stakeholders

    Chapters in this book (17)

    Frontmatter

    Contents

    Foreword: Redefining the Corporation

    The Corporation and Its Stakeholders: Classic and Contemporary Readings

    The Changing Basis of Economic Responsibility

    For Whom Are Corporate Managers Trustees?

    Whose Interests Should Corporations Serve?

    Understanding Stakeholder Thinking: Themes from a Finnish Conference

    The Moral Standing of the Market

    Business Ethics and Stakeholder Analysis

    A Stakeholder Theory of the Modern Corporation

    Stakeholder Thinking in Three Models of Management Morality: A Perspective with Strategic Implications

    The Stakeholder Theory of the Corporation: Concepts, Evidence and Implications

    Instrumental Stakeholder Theory: A Synthesis of Ethics and Economics

    A Stakeholder Framework for Analysing and Evaluating Corporate Social Performance

    Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts

    Stakeholder Mismatching: A Theoretical Problem in Empirical Research on Corporate Social Performance

    What are the implications of stakeholder theory?

    Stakeholder theory demands constant and determined engagement from business leaders. Applying the principles of stakeholder theory can help lead your business to a more engaged workforce and improved returns on corporate social responsibility programs.

    What is corporate stakeholder theory?

    Stakeholder Theory is a view of capitalism that stresses the interconnected relationships between a business and its customers, suppliers, employees, investors, communities and others who have a stake in the organization. The theory argues that a firm should create value for all stakeholders, not just shareholders.

    What is stakeholder theory and why is it important?

    This could include workers, suppliers, customers, and more. The stakeholder theory argues that a company wouldn't exist without stakeholders, presenting the corporate world as an ecosystem of interconnected groups. In this ecosystem, businesses should consider all stakeholders' needs to ensure their long-term success.

    What are the Big 5 of stakeholder theory?

    Customers, employees, suppliers, communities and investors comprise the “Big Five” stakeholders.

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