the potential for consideration of stakeholder interests and more comprehensive systems thinking. While expanding the … broadening of the consideration of stakeholder interests will almost certainly allow for more comprehensive long-term planning …, greater attention to environmental and other stakeholder concerns, and the potential for transformational policy choices. The …

We begin by elaborating on the building blocks for understanding the dynamic interrelationships between stakeholder … theory, managerial discretion and stakeholder orientation. We then provide a sketch of the dynamic between managerial … discretion and stakeholder orientation and their likely interaction. We conclude by considering some future research directions …

with path dependence and causal ambiguity. These explanations provide a strong rationale for including stakeholder theory …

In this paper I outline a simple and naïve framework that may be used to analyze how a firm engages with a stakeholder …. In this simple framework, I present how a weak and relatively powerless stakeholder and a more powerful firm interact … with each other, given that the firm has violated an ethical standard with regard to that stakeholder. The firm has several …

Rationales for a stakeholder model of corporate governance are based on enlightened self-interest, moral imperative …, and/or externalities. Of these, the externalities rationale holds the most promise to justify a stakeholder focus. Recent … evidence, however, indicates that the benefits of a stakeholder focus are limited because the social costs of many corporate …