The Analysis of Shareholder Theory and Stakeholder Theory

2011 ◽  
Author(s):  
Yanru Zhang
Keyword(s):  
Stakeholder Theory ◽  
Shareholder Theory

scholarly journals STAKEHOLDER THEORY DAN KARYA KESELAMATAN SCHINDLER

2015 ◽  
Vol 9 (1) ◽  
pp. 37
Author(s):  
Edward Nicodemus Lontah
Keyword(s):  
World War Ii ◽  
Business Ethics ◽  
Stakeholder Theory ◽  
Legal Liability ◽  
World War ◽  
Nazi Regime ◽  
Shareholder Theory ◽  
Solid Foundation ◽  
The Government ◽  
A Company

<p><strong><span>Abstrak</span></strong><br />Penelitian Donalson dan Peterson menunjukkan bahwa <em>stakeholder theory</em> memiliki dasar yang lebih kuat dibandingkan epistemology dari shareholder theory untuk menganalisis mengenai performa etika bisnis dan kewajiban moral suatu perusahaan. Artikel ini akan menganalisis aktivitas bisnis Oskar Schindler menggunakan pendekatan stakeholder theory dalam CSR. Pembahasan akan difokuskan pada tanggung jawab moral Schindler sebagai direksi. Dalam aktivitas perusahaan yang dipimpinnya, tanggung jawab moril maupun ekonomis yang dijalankan Schindler akan saling berkelindan dengan tanggung jawab hukum yang seharusnya diemban oleh perusahaan. Pada akhirnya artikel ini sampai pada kesimpulan bahwa keputusan-keputusan manajerial etis yang diterapkan oleh direksi dan manajemen suatu perusahaan adalah suatu tanggung jawab moral yang seringkali bertabrakan dengan tanggung jawab ekonomis dan tanggung jawab hukum yang seharusnya dijalankan oleh suatu perusahaan.</p><p><strong><em><span>Abstract</span></em></strong><br />Donaldson and Peterson studies have shown that stakeholder theory has a more solid foundation than the epistemology of shareholder theory to analyze the performance of business ethics and moral duty of a company. This article discussed the business activities of Oskar Schindler, an industrialist war-profiteer during World War II. Schindler's business which was originally run by the government under the Nazi regime, eventually opposed the mission of economic and legal liability imposed by the regime. Schindler's transformation of vision and business mission in this article demonstrate the characteristics and connection of layers in descriptive, instrumental and normative stakeholder theory in the concept of "normative, instrumental and descriptive stakeholder theory" according to Donaldson and Peterson.</p>

scholarly journals Success Indicators Influencing Choice Between Born Global and Born Regional Approach

2021 ◽  
Vol 9 (11) ◽  
pp. 816-825
Author(s):  
Kelly Oniha
Keyword(s):  
Stakeholder Theory ◽  
Firm Size ◽  
Born Global ◽  
Independent Variables ◽  
Shareholder Theory ◽  
Success Indicators ◽  
Venture Firms ◽  
International Venture ◽  
Strategy I ◽  
Born Global Firms

Abstract: This paper explores the differences between born global firms and born regional firms. It compares performance between born regional firms and born global firms within the same industry. This paper would investigate three independent variables which are: firm performance, firm size, and model on a company’s strategy. I argue that despite key success indicators being almost similar in both born global firms and born regional firms, there exist some unique commonality in born global firms that are not evident in born regional firms, and vise-versa. This uniqueness motivates them to internationalize quicker than born regional firms. This paper would contribute to IB research by explaining the motivations behind behaviors of international venture firms Keywords: Born global firms, Born regional firms, international venture firms, Internationalization, resource based theory, stakeholder theory, shareholder theory

scholarly journals A Bayou privateer critique’s Marcoux’s fiduciary argument against stakeholder theory

2014 ◽  
Vol 3 (2) ◽  
pp. 46-60 ◽  
Author(s):  
Emir Phillips
Keyword(s):  
Transaction Costs ◽  
Stakeholder Theory ◽  
Contract Law ◽  
Conclusive Evidence ◽  
Corporate Scandals ◽  
Legal Contract ◽  
Shareholder Theory ◽  
Awkward Position

This Article critique’s Alexei Marcoux’s A Fiduciary Argument Against Stakeholder Theory which set the mark for Shareholder Theory. Stakeholder Theorists sense the denouement of Shareholder Theory, but perhaps this in-depth reassessment of Marcoux’s Article may have them reconsidering. Recent corporate scandals reveal only the moral paucity of that company’s management and are not conclusive evidence of any odious qualities inherent to either shareholders or Shareholder Theory. The theory that can throw out the bathwater and keep the baby will win. This article adheres to a modified Shareholder Theory elucidated therein while admitting that the human, all-too human Shareholder Theory evinces every fiber of our moral being when injustice harms that which we most love. This Article hopefully makes clear that Stakeholder Theory is best attainable within the legal rubric of 3rd party beneficiary analysis, which is a valid extension of Shareholder Theory. One can see the power of this when applied to a 3rd party beneficiary (stakeholder), thereby generally negating any further philosophizing as to a Stakeholder Theory when the legal contract principle of 3rd party beneficiary so readily inculcates it. Thus, Stakeholder Theorists can sleep at night, 3rd party beneficiary Contract Law is operating 24/7. The contracting 1st parties need only address important contingencies likely enough to warrant the transaction costs of express provision, such as the possible subsequent inclusion of 3rd party beneficiaries. For all other contingencies, the fiduciary obligation fills the gap. And so, while presently in an awkward position, Shareholder Theory has the advantage of being right, even if it desperately needed this Article to save itself.

Missing the Target: Normative Stakeholder Theory and the Corporate Governance Debate

2001 ◽  
Vol 11 (1) ◽  
pp. 159-176 ◽  
Author(s):  
John Hendry
Keyword(s):  
Corporate Governance ◽  
Stakeholder Theory ◽  
Significant Influence ◽  
Shareholder Theory ◽  
Academic Management ◽  
Different Levels ◽  
Management Thinking

Abstract:After a decade of intensive debate, stakeholder ideas have come to exert a significant influence on academic management thinking, but normative stakeholder theory itself appears to be in considerable disarray. This paper attempts to untangle the confusion and to prepare the ground for a more productive approach to the normative stakeholder problem. The paper identifies three distinct kinds of normative stakeholder theory and three different levels of claim that can be made by such theories, and uses this classification to argue that stakeholder theorists have consistently pitched their sights either too high or too low to engage effectively with the rival shareholder theory. To the extent that they have their sights too high they have also undermined their own position by sacrificing credibility and introducing major problems of derivation.

The antecedents of corporate social and environmental responsibility discourse in Pakistan: Multiple theoretical perspectives

2019 ◽  
Author(s):  
Muhammad Farhan Basheer ◽  
Saqib Muneer ◽  
Muhammad Atif ◽  
Zubair Ahmad
Keyword(s):  
Institutional Theory ◽  
Least Squares ◽  
Agency Theory ◽  
Stakeholder Theory ◽  
Fixed Effects ◽  
Ordinary Least Squares ◽  
Environmental Responsibility ◽  
Legitimacy Theory ◽  
Discourse Practices ◽  
Corporate Social

The primary purpose of the study is to explore the antecedents of corporate social and environmental responsibilities discourse practices in Pakistan. The industry sensitivity, government shareholding, block holder ownership, print media coverage, environmental monitoring programs, and strategic posture are examined as antecedents of corporate social and environmental responsibility practices. A multidimensional theoretical perspective namely stakeholder theory (ST), institutional theory (IT), agency theory (PAT), and legitimacy theory (LT) is used to conceptualize the phenomena. All the four of perspective theories (positive accounting theory, legitimacy theory, stakeholder theory, and institutional theory) claim that there are ‘pressures’ that impact the organization. How much ‘pressures’ are recognized, managed or satisfied differs from one perspective of theory to the other. To estimate the data, this study uses three sets of panel data models, i.e., the pooled ordinary least squares model (POLS) or constant coefficients model, fixed effects (FEM or least squares dummy variable/LSDV model) and random-effects models. The final sample is comprising of 173 firms over eight years from 2011 to 2017. The firms listed in PSX are included in the sample. Overall the findings of the study have shown agreement with the proposed results. However, the study has provided more support to the institutional theory and stakeholder theory. Keywords: Corporate Social Responsibility, Stakeholders Theory, Agency Theory, Pakistan

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