Stakeholder Theory and Managerial Decision-Making: Constraints and Implications of Balancing Stakeholder Interests

Stakeholder theory is widely recognized as a management theory, yet very little research has considered its implications for individual managerial decision-making. In the two studies reported here, we used stakeholder theory to examine managerial decisions about balancing stakeholder interests. Resu...

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Authors: Reynolds, Scott J. (Author) ; Schultz, Frank C. (Author) ; Hekman, David R. (Author)
格式: 电子 文件
语言:English
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出版: Springer Science + Business Media B. V 2006
In: Journal of business ethics
Year: 2006, 卷: 64, 发布: 3, Pages: 285-301
Further subjects:B Balancing stakeholder interests
B ethical decision-making
B Stakeholder Management
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总结:Stakeholder theory is widely recognized as a management theory, yet very little research has considered its implications for individual managerial decision-making. In the two studies reported here, we used stakeholder theory to examine managerial decisions about balancing stakeholder interests. Results of Study 1 suggest that indivisible resources and unequal levels of stakeholder saliency constrain managers’ efforts to balance stakeholder interests. Resource divisibility also influenced whether managers used a within-decision or an across-decision approach to balance stakeholder interests. In Study 2 we examined instrumental and normative implications of these two approaches. We conclude by considering the contributions of this research.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-005-5493-2