Abstract
This paper reviews the logic underlying the fashionable stakeholding literature and finds it at variance with received economic theory. It concludes that many stakeholding views are flawed, particularly in regard to the role of profit which is seen as a constraint rather than an objective.
Original language | English |
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Article number | 8 |
Pages (from-to) | 70 |
Number of pages | 75 |
Journal | Economic Affairs |
Volume | 19 |
Issue number | 4 |
DOIs | |
Publication status | Published - 1 Dec 1999 |
Keywords
- Stakeholding
- Anglo-Saxon
- Profits