Stakeholder Theory and "The Corporate Objective Revisited"

By R. Freeman, A. Wicks, B. Parmar. Organ. Sci., 2004

2,137 citations recorded by the source corpus.

Subfields: Information Systems and Management, Organizational Behavior and Human Resource Management, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/634ad3aa32cf19fd5e5940d7c13fc034f5d7c27b

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In Information Systems and Management

In Organizational Behavior and Human Resource Management

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Citations in the corpus

With greater power comes greater responsibility? takeover protection and corporate attention to stakeholders (2009, background): “Recent interpretations of stakeholder theory further suggest that the shareholder paradigm is subsumed in a broader stakeholder view that admits multiple objective functions (Freeman et al., 2004; Freeman et al., 2007a).”
COVID‐19 impact, sustainability performance and firm value: international evidence (2021, positive): “We draw on the ongoing debate on the potential merits of the ‘stakeholder value’ model, versus the widely adopted ‘shareholder value’ model of business (Smith, 2003; Freeman et al., 2004, 2007; Freeman, 2010; Freudenreich et al., 2019).”
Shareholder Wealth Maximization and Social Welfare: A Utilitarian Critique (2013, background): “Advocates of SWM as a corporate objective and supporters of normative stakeholder theory, SWM’s most fully articulated alternative, have sparred over issues related to: (1) private property, (2) the protection of individual freedoms, (3) the rights of shareholders versus those of other stakeholders,”
Institutional Strategies in Emerging Markets (2015, background): “…local contexts has also been emphasized in research on cultural entrepreneurship, which has highlighted how entrepreneurs leverage social and cultural resources to legitimate new organizational structures and practices (Hargadon & Douglas, 2001; Johnson, 2007; Lounsbury & Glynn, 2001).”
Voluntary Governance Mechanisms in Global Supply Chains: Beyond CSR to a Stakeholder Utility Perspective (2016, background): “This is important so that stakeholders do not exit or use the process to expropriate value for themselves (Freeman et al., 2004).”
Corporate social responsibility, product market perception, and firm value (2020, positive): “11 firm’s reputation for keeping its commitments, and therefore increase the incentives of stakeholders to contribute with resources and effort to the firm (Freeman, 1984; Jensen, 2001; Freeman and McVea, 2001; Freeman et al., 2004).”