1995
DOI: 10.2307/258852
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Instrumental Stakeholder Theory: A Synthesis of Ethics and Economics

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Cited by 1,351 publications
(1,310 citation statements)
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“…The theory underlying this idea of satisfying third parties and not only company shareholders is also defended by authors such as Donaldson & Preston (1995) and Jones (1995). For these authors, companies should be honest and ethical in their interactions with interest groups since this type of behavior is beneficial for the company, an opinion also shared by Vasconcelos, Alves, & Pesqueux (2012, p. 149).…”
Section: Corporate Social Responsability: Theoretical Framework Theormentioning
confidence: 99%
“…The theory underlying this idea of satisfying third parties and not only company shareholders is also defended by authors such as Donaldson & Preston (1995) and Jones (1995). For these authors, companies should be honest and ethical in their interactions with interest groups since this type of behavior is beneficial for the company, an opinion also shared by Vasconcelos, Alves, & Pesqueux (2012, p. 149).…”
Section: Corporate Social Responsability: Theoretical Framework Theormentioning
confidence: 99%
“…It is further argued that each stakeholder has the right to be treated as an end in themselves and not as a means to an end (Donaldson & Preston, 1995;Jones, 1995), therefore stakeholders can and should have a direct influence on managerial decision making. Stakeholder theory argues that it is the responsibility of leadership to select activities that obtain optimal benefits for all identified stakeholders, regardless of their relative power or interests (Clarkson, 1995;Donaldson & Preston, 1995;Jones, 1995). Yet, in this task and in the context of place branding, leadership is hugely hampered by a variety of political pressures, including the reconciliation of local and regional interests and the promotion of an identity that is acceptable to a range of public and private sector organisations.…”
Section: Stakeholder Engagementmentioning
confidence: 99%
“…In the broader fi eld of management, the literature on corporate social responsibility has also considered collective interests, in the form of moral claims of multiple stakeholders. This view suggests that responsibility toward other stakeholders and corporate (self-interested) goals are not mutually exclusive (Donaldson and Preston, 1995); indeed, the interests of other stakeholders can be a source of competitive advantage (Jones, 1995). As noted later, this literature assumes a more nuanced and sophisticated notion of self-interest-enlightened selfinterest-which alters the mechanisms of self-interest, but does not transcend it.…”
Section: Introductionmentioning
confidence: 99%