Key, Susan - In: Management Decision 37 (1999) 4, pp. 317-328
Argues that stakeholder theory may be an appropriate model to describe firm behavior and replace the dominant paradigm …, the economic model of the firm. However, current conceptualizations of stakeholder theory do not meet the requirements of … scientific theory. Thus, looks at the historic roots of stakeholder “theory”, critiques its current form, and suggests steps that …