performance relationship, established on the basis of the stakeholder and corporate citizenship theories, can be further …

We argue that the stakeholder and CSR literatures can benefit from more systematic thinking about ownership. We discuss …. On this basis, we argue that stakeholder theory needs to deal more systematically with ownership as an economic function … when assigned to homogeneous groups. Some stakeholder groups are likely to lack what we call “ownership competence,” even …

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 …