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

We examine these three aspects of the theory and critique and integrate important contributions to the literature related to each

Thomas Donaldson

2011

Scholarcy highlights

  • The stakeholder theory has been advanced and justified in the management literature on the basis of its descriptive accuracy, instrumental power, and normative validity. These three aspects of the theory, interrelated, are quite distinct; they involve different types of evidence and argument and have different implications. We examine these three aspects of the theory and critique and integrate important contributions to the literature related to each
  • The cost of talent: How executives and professionals are paid and how it aflects America

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