Abstract
Abstract:Work on stakeholder theory has proceeded on a variety of fronts; as Donaldson and Preston (1995) have noted, such work can be parsed into descriptive, instrumental, and normative research streams. In a normative vein, Phillips (1997) has made an argument for a principle of fairness as a means of identifying and adjudicating among stakeholders. In this essay, I propose that a reconstructed principle of fairness can be combined with the idea of consent as outlined in integrative social contract theory (ISCT) to bring about a more normative stakeholder theory that also has ramifications for corporate governance.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Philosophy,General Business, Management and Accounting
Reference53 articles.
1. Should trees have managerial standing? Toward stakeholder status for non-human nature
2. Phillips R. A. 1999. Stakeholder legitimacy. Paper presented at the 1999 Society for Business Ethics Annual Meeting, Chicago.
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