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A Moral Stakeholder Theory of the Firm

Attas, Daniel
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Attas, Daniel
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Keywords
business ethics
Moral Stakeholder Theory of the Firm
failure
conventional conception
GE Subjects
Economic ethics
Business ethics
Ethics of economic systems
Labour/professional ethics
Technology ethics
Trade ethics
Consumer ethics
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Business Ethics
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n2004v2n2_ATTAS.pdf
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http://hdl.handle.net/20.500.12424/184500
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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 non-universal; (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.
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Article
Date
2004
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With permission of the license/copyright holder
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