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| Tekijä: | Hendry, J. |
| Otsikko: | Economic contracts versus social relationships as a foundation for normative stakeholder theory |
| Lehti: | Business ethics: a European review
2001 : JUL, VOL. 10:3, p. 223-232 |
| Asiasana: | ECONOMICS CONTRACTS STAKEHOLDERS SOCIETY |
| Kieli: | eng |
| Tiivistelmä: | A number of the most influential presentations of normative stakeholder theory are based upon an economic model of the firm as a nexus of contracts. In this paper the author argues that the use of such a model to address moral issues is both logically and practically problematic and effectively undermines the stakeholder position. The author then sketchs out the key characteristics of an alternative, social relationships model of the firm, and shows how this might provide a basis for the development of a more relevant and robust version of normative stakeholder theory than has hitherto been proposed. |
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