The Stakeholder Theory
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications Author(s): Thomas Donaldson and Lee E. Preston Source: The Academy of Management Review, Vol. 20, No. 1 (Jan., 1995), pp. 65-91 Published by: Academy of Management Stable URL: http://www.jstor.org/stable/258887 Accessed: 20/04/2010 23:08
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Academy of Management 1995, Vol. 20, No. 1, 65-91.
Review
THEORY THE THE STAKEHOLDER OF CONCEPTS, EVIDENCE, CORPORATION: AND IMPLICATIONS
THOMAS DONALDSON Georgetown University LEE E. PRESTON University of Maryland
The stakeholder theory has been advanced and justified in the management literature on the basis of its descriptive accuracy, instrumental power, and normative validity. These three
Your use of the JSTOR archive indicates your acceptance of JSTOR 's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR 's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=aom. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.
Academy of Management is collaborating with JSTOR to digitize, preserve and extend access to The Academy of Management Review.
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Academy of Management 1995, Vol. 20, No. 1, 65-91.
Review
THEORY THE THE STAKEHOLDER OF CONCEPTS, EVIDENCE, CORPORATION: AND IMPLICATIONS
THOMAS DONALDSON Georgetown University LEE E. PRESTON University of Maryland
The stakeholder theory has been advanced and justified in the management literature on the basis of its descriptive accuracy, instrumental power, and normative validity. These three
References: Dill, W. R. 1958. Environment as an influence on managerial Science Quarterly, 2: 409-443. Inc. v. Time, Inc. 1990. Del. Supr., 571 A. 2d 1140.