Stakeholder Theory:The State of the Art
Top Cited Papers
- 1 January 2010
- journal article
- research article
- Published by Academy of Management in Academy of Management Annals
- Vol. 4 (1), 403-445
- https://doi.org/10.1080/19416520.2010.495581
Abstract
For the last 30 years a growing number of scholars and practitioners have been experimenting with concepts and models that facilitate our understanding of the complexities of today’s business challenges. Among these, “stakeholder theory” or “stakeholder thinking” has emerged as a new narrative to understand and remedy three interconnected business problems—the problem of understanding how value is created and traded, the problem of connecting ethics and capitalism, and the problem of helping managers think about management such that the first two problems are addressed. In this article, we review the major uses and adaptations of stakeholder theory across a broad array of disciplines such as business ethics, corporate strategy, finance, accounting, management, and marketing. We also evaluate and suggest future directions in which research on stakeholder theory can continue to provide useful insights into the practice of sustainable and ethical value creation.Keywords
This publication has 178 references indexed in Scilit:
- Towards strategic stakeholder management? Integrating perspectives on sustainability challenges such as corporate responses to climate changeCorporate Governance: The international journal of business in society, 2007
- Building stakeholder networks to develop and deliver product-service-systems: practical experiences on elaborating pro-active materials for communicationJournal of Cleaner Production, 2006
- The incorporation of an interactive external environment: an extended model of marketing relationshipsJournal of Strategic Marketing, 1999
- Leadership and Power in a Stakeholder SettingEuropean Journal of Work and Organizational Psychology, 1997
- From CSR1 to CSR2Business & Society, 1994
- Determinants of corporate social responsibility disclosure: An application of stakeholder theoryAccounting, Organizations and Society, 1992
- Stakeholder management and corporate performanceJournal of Behavioral Economics, 1991
- Corporate governance: A stakeholder interpretationJournal of Behavioral Economics, 1991
- The strategic agenda: Accounting for issues and supportAccounting, Organizations and Society, 1990
- Accounting and corporate accountability: a postscriptAccounting, Organizations and Society, 1984