Stakeholder Theory : The State of the Art

by R. Edward Freeman , Jeffrey S. Harrison , Andrew C. Wicks , Bidhan L. Parmar , Simone de Colle

• ISBN13: 9780521137935
• ISBN10: 0521137934
• Format: Paperback
• Copyright: 2010-05-24
• Publisher: Cambridge University Press

Summary

In 1984, R. Edward Freeman published his landmark book, Strategic Management: A Stakeholder Approach, a work that set the agenda for what we now call stakeholder theory. In the intervening years, the literature on stakeholder theory has become vast and diverse. This book examines this body of research and assesses its relevance for our understanding of modern business. Beginning with a discussion of the origins and development of stakeholder theory, it shows how this corpus of theory has influenced a variety of different fields, including strategic management, finance, accounting, management, marketing, law, health care, public policy, and environment. It also features in-depth discussions of two important areas that stakeholder theory has helped to shape and define: business ethics and corporate social responsibility. The book concludes by arguing that we should re-frame capitalism in the terms of stakeholder theory so that we come to see business as creating value for stakeholders.

Author Biography

R. Edward Freeman is Olsson Professor of Business Administration and Co-Director of the Olsson Center for Applied Ethics at the Darden School of Business, University of Virginia.
Jeffrey S. Harrison is the W. David Robbins Chair of Strategic Management and Director of the Innovation and Entrepreneurship Program at the Robins School of Business, University of Richmond.
Andrew C. Wicks is Associate Professor of Business Administration, Co-Director of the Olsson Center for Applied Ethics, and Academic Advisor for the Business Roundtable Institute for Corporate Ethics, at the Darden School of Business, University of Virginia.
Bidhan L. Parmar is Lecturer in Business Administration at the Darden School of Business, University of Virginia.
Simone De Colle is a PhD candidate in management and business ethics at the Darden School of Business, University of Virginia.

Table of Contents

List of figures	p. ix
List of tables	p. x
Acknowledgements	p. xi
Preface	p. xv
The genesis of stakeholder theory
The problems that stakeholder theory tries to solve	p. 3
The development of stakeholder theory: a brief history	p. 30
Stakeholder theory, pragmatism, and method	p. 63
Stakeholder theory and the traditional disciplines of business
Stakeholder theory and strategic management	p. 83
Stakeholder theory in finance, accounting, management, and marketing	p. 121
Stakeholder theory in related disciplines	p. 163
Stakeholder theory, ethics, and corporate social responsibility
Stakeholder theory and business ethics	p. 195
Stakeholder theory and corporate social responsibility	p. 235
Stakeholder theory: some future possibilities
Stakeholder theory and capitalism	p. 267
Questions on the horizon	p. 286
Bibliography	p. 292
Index	p. 338
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