Rethinking the purpose of the corporation: challenges from stakeholder theory

R. Edward Freeman, Karim Ginena

Research output: Contribution to journalArticleResearchpeer-review

15 Citations (Scopus)

Abstract

In this essay, the Authors move from a review of management literature on, and reflections on the importance of, the purpose of the firm, to the analysis of four challenges posed by Stakeholder Theory to the Shareholder Primacy View. Stakeholder theory poses (1) entrepreneurial; (2) legal; (3) ethical; and (4) human complexity challenges to the standard account of business. The Authors conclude by acknowledging the emerging view on business not as merely aimed at profits.

Original languageEnglish
Pages (from-to)9-18
Number of pages10
JournalNotizie di Politeia
Volume31
Issue number117
Publication statusPublished - 2015
Externally publishedYes

Keywords

  • Purpose of the corporation
  • Shareholder primacy view
  • Stakeholder theory

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