Instrumental stakeholder theory: a synthesis of ethics and economics

Article Abstract:

This article is intended to enhance the position of stakeholder theory as an integrating theme for the business and society field. It offers an instrumental theory of stockholder management based on a synthesis of the stakeholder concept, economic theory, behavioral science, and ethics. The core theory - that a subset of ethical principles (trust, trustworthiness, and cooperativeness) can result in significant competitive advantage - is supplemented by nine research propositions along with some research and policy implications. (Reprinted by permission of the publisher.)

Social aspects, Economics, Ethical aspects, Industry, Industries

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Ethical theory and stakeholder-related decisions: The role of stakeholder culture

Article Abstract:

A framework that highlights points of convergence and self-regarding versus other-regarding diverse approaches to business ethics is discussed. One can understand the way in which collection managers in a firm would think about and respond to various stakeholder issues with a firm-level perspective on salience.

Management dynamics, Business Ethics, Analysis, Management, Company business management, Decision-making, Group, Group decision making, Stakeholders

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