This paper explores the potential for stakeholder theory to illuminate what F.A. Hayek called "the knowledge problem", pertaining to how a society manages to utilize "knowledge not given to anyone in its totality". According to Hayek, this problem is addressed by the price system, which induces...

Purpose: The purpose of this paper is to deepen the understanding of adaptive governance, which is advocated for as a manner to deal with dramatic changes in society and/or environment. To re-think the possible contributions of organizations and organization theory, to adaptive governance....

This paper presents a framework for analysing the different ways in which materiality impacts environmental policy and governance. It draws on notions from the wider literature on materiality and integrates relevant insights into a theory on policy and governance. Building on a key distinction...

Advocates of stakeholder theory have long known that grasping its key insights requires a specific worldview that is, unfortunately, still not prevalent within the community of strategic management scholars. We argue that this worldview encompasses a process ontology that is radically different...

Background: The uptake of green public procurement in the Czech Republic is known to lag behind the European standards. We trace this condition back to the adverse effects of a specific type of decision-making trade-off faced by the Czech public procurement officials, namely the trade-off...

In a recent contribution to this journal, Deng et al. (2021) draw on an extensive range of theoretical and empirical literature to make the case for the tendency of social capital resources of agricultural cooperatives in the Western world to decline over time. The present paper revisits this...

Green public procurement (GPP) is a widely recognized public policy tool that has attracted considerable scholarly research. However, much of this research has paid little attention to the nature of discretionary decision-making on the part of bureaucrats and local politicians; nor has it...

Chester Barnard’s work can be shown to contain subversive elements which accord with the spirit of institutionalist scholarship. Barnard saw corporations as systems of power whose sustainability must be backed by moral resources which are becoming increasingly scarce today. This vision...

This short communication describes the current experience of implementing village funds in Indonesia, with an emphasis on the impact on poverty reduction. The authors' field observation is complemented by structured interviews and regression analysis. Our findings suggest that the potential of...

Stakeholder theorists have traditionally objected to the neoclassical conception of the firm as a vehicle for maximizing profit or shareholder wealth, thus opening up space for controversial engagement with neoclassical economics. The present paper fills some of this space by elaborating the...