Abstract
To be a coherent and genuinely alternative conception to the shareholder model, any moral stakeholder theory must meet the following conditions: (1) It must be an ethical theory; (2) It must identify a limited group as stakeholders; (3) The group must be identified on morally relevant grounds; (4) Stakeholder claims must be nonuniversal; (5) And not held against everyone. A principle for identifying the stakeholder is suggested as a person who has much to lose -- financially, socially, or psychologically -- by the failure of the firm. The emerging picture contrasts sharply with the conventional conception of the firm.
| Original language | American English |
|---|---|
| Pages (from-to) | 1-8 |
| Number of pages | 8 |
| Journal | Éthique et économique |
| Volume | 2 |
| Issue number | 2 |
| State | Published - 2004 |
Keywords
- ETHICS
- FIRM
- SOCIAL PHILOSOPHY
- STAKEHOLDER