The current issue and full text archive of this journal is available at www.emeraldinsight.com/1755-4179.htm Shareholder and stakeholder theory: after the financial crisis Terence Tse ESCP Europe‚ London‚ UK Abstract Purpose – The recent financial crisis has restarted the debate of the value of both shareholder and stakeholder theories. This paper aims to continue this discussion. Design/methodology/approach – The paper reviews existing literature and examines the benefits and problems associated
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are often made by the management and influence not only the profit of a company‚ but also they influence the employees‚ many people outside of the company such as the supplier as well as the environment in the surrounding area of a company. Against this background‚ the question how a manager should act with regards to the owner of a company and the employees of a company is quite important. A possible answer to this question can be discussed in the stockholder vs. stakeholder debate. Although there
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BA 3102 February 12‚ 2012 Stakeholder Analysis Pursuing hydraulic fracturing as a top manager of Chevron‚ I will describe the dilemmas that are associated with fracking. The first problem with this procedure is finding the appropriate land and leasing it from the landowners. With talk around the country‚ it can be difficult finding land because of landowners’ personal experience with the practice of hydraulic fracturing. In southwestern Pennsylvania there have been cases of animal birth defects
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Stakeholders are groups of people who have an interest in a business organisation. They have an interest in the business and can also influence the way business functions. There are two types of shareholders and they are internal and external stakeholders. Internal are those people who are the members of the business organisation‚ this means that University Hospital of Coventry and Warwickshire consists of many internal stakeholders and they are managers
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The Stakeholder Theory Charles Fontaine Antoine Haarman Stefan Schmid - December 2006 - Stakeholder Theory of the MNC Index 1. Introduction ........................................................................................3 2. Basic idea of the Stakeholder Theory and Definition ....................3 2.1. 2.2. 2.3. 2.4. 2.5. The stakeholder concept – popular and trendy..........................................................................4 Different definitions of Stakeholder
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University stakeholders Who they are and why they are there. Temple University is the 26th largest university in the United States with more than 37‚000 undergraduate‚ graduate‚ and professional students. Being originally founded in 1884 by Dr. Russell Conwell it is more than 100 years old and therefore has a well-established structure. Temple University‚ as any other organization‚ has many different parties that can affect or be affected by its actions. These parties are called stakeholders - persons
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Financial accounting information stakeholders duped It is a sine quo non for business leaders to use‚ rather than just produce financial information. I am in absolute agreement with this phenomenon in that the information generated by the international professional accounting community highly affects various stakeholders in the decision making process to govern businesses. Therefore any material elements within the financial information that boarder on misguidance will lead to corporate financial
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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 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
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Stakeholders As argued by Sharma & Starik (12) a stake holder is that which is affected by the operation of an organization entirely or can affect the organization directly. The organization can be of any kind meant to realize certain goals by the society. Stake holders are tenet to the development and performance of the organization without which the organization either cease or collapse completely. As such any organization must strive to identify its stakeholders and their specific needs
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The stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization.[1] It was originally detailed by R. Edward Freeman in the book Strategic Management: A Stakeholder Approach‚ and identifies and models the groups which are stakeholders of a corporation‚ and both describes and recommends methods by which management can give due regard to the interests of those groups. In short‚ it attempts to address the "Principle of Who
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