Stakeholder Theory:<i>The State of the Art</i>

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

doi:10.1080/19416520.2010.495581

Cited by 515 publications

(586 citation statements)

References 180 publications

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“…Esses valores devem ser criados e compartilhados a partir da interrelação entre a empresa e seus stakeholders (Figge & Schaltegger, 2000;Parmar et al, 2010;Perrini & Tencati, 2006;Starik & Kanashiro, 2013 Assim, todos os stakeholders primários envolvidos devem estar centrados nesse contexto específico, uma vez que gerar valor social, ambiental e econômico para esse grupo é um dos fatores que contribuirão para a consolidação da empresa (Clarkson,1995;Freeman et al, 2010;Hillman & Keim, 2001). …”

Section: Stakeholdersunclassified

Empreendedorismo Sustentável e Stakeholders Fornecedores: Criação de Valores para o Desenvolvimento Sustentável

Orsiolli

Nobre

2016

Rev. adm. contemp.

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Resumo A compreensão das empresas sobre os desafios sociais e a finitude dos recursos naturais tem estimulado a criação de um tipo de empreendedorismo que contempla estratégias alinhadas às dimensões do desenvolvimento sustentável. Estudos de cunho teórico recentes destacam que a criação de valores entre a empresa e seus stakeholders é condição necessária para a sustentabilidade do negócio. Nesse contexto, o objetivo deste artigo é analisar como a inter-relação entre empresas que satisfazem critérios do empreendedorismo sustentável e dos seus stakeholders fornecedores influenciam na criação de valores que contribuam para o desenvolvimento sustentável. Para tanto, utilizou-se de abordagem qualitativa e estratégia de estudo de casos múltiplos, em que foram investigadas quatro empresas e dois de seus respectivos fornecedores. Os resultados evidenciaram que a inter-relação entre as empresas estudadas e seus stakeholders fornecedores influencia na criação de valores que contribuem para o desenvolvimento sustentável à medida que os interesses mútuos relacionados às três dimensões (ambiental, social e econômica) são considerados.

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Section: Stakeholdersunclassified

Empreendedorismo Sustentável e Stakeholders Fornecedores: Criação de Valores para o Desenvolvimento Sustentável

Orsiolli

Nobre

2016

Rev. adm. contemp.

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“…Society, for example, provides a firm with qualified labor resources as well as consumers, both necessary for its very existence. This argument showcases the influence of society, which has also been contemplated within the frame of the stakeholder theory, whereby different parties or interest groups (consumers, employees, suppliers, or trade unions, to name a few) have a stake in the success of failure of a business (Parmar et al, 2010). Consumers, for instance, are capable of exerting scrutiny over companies' behavior.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Engaging employee recruitment that live in the community, partnering with local suppliers, improving workplace conditions, and building roads and basic infrastructure are among the many activities that go beyond both legal requirements and wealth-creation for shareholders, and yet they are intertwined with profit-oriented practices. That is, to produce goods and services, a company must engage in activities likely to have a positive impact on different stakeholders or societal groups with a legitimate interest in the success or failure of the business (Parmar et al, 2010). Moreover, while doing so, the company is also ensuring the means for achieving profits (Daou & Sarkis, 2013).…”

Section: Society As Beneficiary Perspectivementioning

confidence: 99%

Business-Community Relationships for Extractive Industries: A Case Study in Peru

Ventura

Jáuregui

2017

BAR, Braz. Adm. Rev.

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Natural resource-based economies have long relied on foreign demand to fuel their growth. For instance, the extractive sectors in Peru have experienced a rapid expansion, driven by a rising demand for commodities. Alongside economic growth, extractive operations have triggered social and environmental concerns among the various stakeholders, thus resulting in either social conflict or a deterioration of the relationship between companies in the extractive industries and local communities. In this context, the purpose of this paper is to understand the relationships between companies in the extractive industries and rural families. This research uses the case-study method. The findings show that a trustful relationship is supported by a beneficiary-society approach that builds upon philanthropic and ethical types of relationships. Unlike the type of relationship based on economic or legal interests, a trust-based relationship offers avenues for managing social conflict that have yet to be explored.

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“…The beginning of the 21st century was marked by a severe and ongoing financial crisis [1]. It started in 2007 with the crash of the US housing market resulting in a full-blown crisis calling for palliative monetary and fiscal policies to prevent a collapse of the world's financial system.…”

Section: Introductionmentioning

confidence: 99%

“…These facts highlight the importance of rethinking the purpose of the firm to account for the interests of every stakeholder and not just those of a limited few-a view known as stakeholder theory [1].…”

Section: Introductionmentioning

confidence: 99%

Should the Evolution of Stakeholder Theory Be Discontinued Given Its Limitations?

Narbel¹,

Muff²

2017

TEL

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Evolving views of stakeholder theory propose ways to transform societal problems into win-win solutions for the firm and society alike. Yet, and despite its success in expanding the understanding of the role of the firm in society, stakeholder theory has two main limitations. First, it is anchored in the traditional view of the firm defining it as an entity whose legitimate purpose is the generation of economic value for itself and its owners. Second, it relies on regulation as a compensatory mechanism for the externalities it generates. It is therefore fair to argue that at its current stage of development, stakeholder theory never leaves the confines of economic value maximization. As a result, stakeholder theory generates discussion on how to make its different interpretations comply with and serve the economic purpose instead of proposing a solution creating societal value. We therefore propose to interrupt the evolution of stakeholder theory and suggest a conceptual model derived from the study of best practices of successful firms using an outside-in approach to governance as an alternative. The intent is to redefine the purpose of the firm as one guided by societal goals instead of one driven by the pursuit of profit maximization.

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Stakeholder Theory:The State of the Art

Cited by 515 publications

References 180 publications

Empreendedorismo Sustentável e Stakeholders Fornecedores: Criação de Valores para o Desenvolvimento Sustentável

Empreendedorismo Sustentável e Stakeholders Fornecedores: Criação de Valores para o Desenvolvimento Sustentável

Business-Community Relationships for Extractive Industries: A Case Study in Peru

Should the Evolution of Stakeholder Theory Be Discontinued Given Its Limitations?

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