A critique of stake-holder theory: Management science or a sophisticated ideology of control?

Corporate Governance

Volumn 5, Issue 2, 2005, Pages 22-33

  Antonacopoulou, Elena P ^a,b   Méric, Jérôme ^c  

^a Department of Organizational Behaviour ^*  (United Kingdom)

^b UNIVERSITY OF LIVERPOOL   (United Kingdom)

^c CERMAT (Centre d'Etudes En Management De Touraine)   (France)

Author keywords

Management theory; Stakeholders

Indexed keywords

EID: 21844476173     PISSN: 14720701     EISSN: None     Source Type: Journal    
DOI: 10.1108/14720700510562631     Document Type: Review

References (53)

1. Abrahamson, E. (1996), "Management fashion", Academy of Management Review, Vol. 21, pp. 254-86.
2. Antonacopoulou, E.P. (2002), "Positive professional practice: a response to ethical dilemmas in our profession", Academy of Management Newsletter, Vol. 33 No. 4, pp. 1-3.
3. Antonacopoulou, E.P. (2003), "Ethical dilemmas in our profession: critical self-reflection on our practices", Academy of Management Newsletter, Vol. 34 No. 1, pp. 4-6.
4. Antonacopoulou, E.P. (2004), "The dynamics of reflexive practice: the relationship between learning and changing", in Reynolds, M. and Vince, R. (Eds), Organizing Reflection, Ashgate, Aldershot.
5. Antonacopoulou, E.P. and Graça, M. (2004), "In search of connectivity: a conversation between organizational learning and actor network theories", paper accepted for presentation at the 20th EGOS Colloquium, Ljubljana.
6. Argyris, C. (1994), "Good communication that blocks learning", Harvard Business Review, July-August, Vol. 72 No. 4, pp. 77-85.
7. Argyris, C. and Schön, D.A. (1978), Organisational Learning: A Theory In Action Perspective, Addisson Wesley, USA.
8. Balmer, J.M.T. and Greyser, S.A. (2002), "Managing the multiple identities of the corporation", California Management Review, Vol. 44 No. 3, pp. 71-86.
9. Blanché, R. (1975), L'induction scientifique et les lois naturelles, Presses Universitaires de France, Paris.
10. Boatright, J.R. (2002), "Contractors as stakeholders: reconciling stakeholder theory with the nexus-of-contracts firm", Journal of Banking and Finance, Vol. 26, pp. 1837-52.
11. Burgoyne, J.G. (1994), "Stakeholder analysis", in Cassel, C. and Symon, G. (Ed.), Qualitative Methods in Organizational Research: A Practical Guide, pp. 187-207, Sage, New Delhi.
12. Burton, B.K. and Dunn, C.P. (1996), "Feminist ethics as moral grounding for stakeholder theory", Business Ethics Quarterly, Vol. 6 No. 2, pp. 133-47.
13. Calton, J.M. and Kurland, N.B. (1996), "A theory of shareholder enabling: giving voice to an emerging postmodern praxis of organisational discourse", in Boje, D.M., Gephart, R.P., Jr and Thatchenkery, T.J. (Eds), Postmodern Management and Organization Theory, Sage, Thousand Oaks, CA.
14. Caroll, A.B. (1989), Business and Society: Ethics and Stakeholder Management, South Western, Cincinatti, OH.
15. Chandler, A.D. (1969), Strategy and Structure: Chapters in the History of the American Industrial Enterprise, MIT Press, Cambridge.
16. Damak-Ayadi, S. and Pesqueux, Y. (2003), "La Théorie des parties prenantes en perspective (Stakeholder theory in perspective)", AIMS Symposium on Sustainable Development Acts, ESSCA d'Angers, pp. 1-19, available at: www.stratégie-aims.com
17. Donaldson, T. and Preston, L.E. (1995), "The stakeholder theory of the corporation: concepts, evidence, and implications", Academy of Management Review, Vol. 20 No. 1, pp. 65-91.
18. Donaldson, T. and Werhane, P.H. (Eds) (1996), Ethical Issues in Business A Philosophical Approach, 5th Edition, Prentice Hall, NJ.
19. Durkheim, E. (1893), The Division of Labor in Society, Translated by Coser, L.A. (1997), Free Press.
20. Florida, R. and Davison, D. (2001), "Gaining from green management", California Management Review, Vol. 43 No. 3, pp. 63-84.
21. Freeman, E.R. (1984), Strategic Management: A Stakeholder Approach, Pitman, Boston, MA.
22. Freire, P. (1973), Education for Critical Consciousness, Seabury Press, New York, NY.
23. George, C.S. (1972), The History of Management Thought, Prentice Hall.
24. Gray, B. and Hay, T.M. (1986), "Political limits to interorganizational consensus and change", The Journal of Applied Behavioral Science, Vol. 22 No. 2, pp. 95-112.
25. Greenley, G.E. and Foxall, G.R. (1998), "External moderation of associations among stakeholder orientations and company performance", International Journal of Research in Marketing, Vol. 15, pp. 51-69.
26. Grey, C. (1994), "Career as a project of the self and labor process discipline", Sociology, Vol. 28, pp. 479-97.
27. Hill, C.W.L. and Jones, T.H. (1992), "Stakeholder - agency theory", Journal of Management Studies, Vol. 29 No. 2, pp. 131-53.
28. Hirshleifer, J. and Riley, J.G. (1979), "The analytics of uncertainty and information - an expository survey", Journal of Economics Literature, December, Vol. 17, pp. 1375-421.
29. Jensen, M.C. and Meckling, W.H. (1976), "Theory of the firm: managerial behavior, agency costs, and ownership structure", Journal of Financial Economics, Vol. 3, pp. 297-326.
30. Jones, T.M. (1995), "Instrumental stakeholder theory", Academy of Management Review, Vol. 20 No. 2, pp. 404-37.
31. Jones, T.M. and Wicks, A.C. (1999), "Convergent stakeholder theory", Academy of Management Review, Vol. 24 No. 2, pp. 206-21.
32. Katz, R. and Kahn, R.L. (1966), The Social Psychology of Organizations, John Wiley and Sons, New York, NY.
33. Kim, D.H. (1993), "The link between individual and organisational learning", Sloan Management Review, Fall, pp. 37-49.
34. Koll, O. (2003), "Stakeholder value creation and firm success", Advances in Business Marketing and Purchasing, Vol. 12, pp. 141-262.
35. Kuhn, T.S. (1996), The Structure of Scientific Revolutions, 3rd Edition, The University of Chicago Press.
36. Latour, B. (1987), Science in Action, Harvard University Press, Cambridge, MA.
37. McCann, J.E. and Gray, B. (1986), "Power and collaboration in human service domains", The International Journal of Sociology and Social Policy, Vol. 6 No. 3, pp. 58-67.
38. McPhail, T.L. (2002), Global Communication: Theories, Stakeholders, and Trends, Allyn and Bacon, Boston, MA.
39. Pesqueux, Y. and Damak-Ayadi, S. (2003).
40. Pitelis, C.N. and Wahl, M.W. (1998), "Edith Penrose: pioneer of stakeholder theory", Long Range Planning, Vol. 31 No. 2, pp. 252-68.
41. Popper, K.R. (1963), Conjectures and Refutations, Routledge and Keagan Paul, London.
42. Post, J., Preston, L. and Sachs, S. (2002a), Redefining the Corporation: Stakeholder Management and Organizational Wealth, Stanford University Press.
43. Post, J., Preston, L. and Sachs, S. (2002b), "Managing the extended enterprise: the new stakeholder view", California Management Review, Vol. 45 No. 1, pp. 6-28.
44. Radin, T.J. (2002), "From imagination to realization: a legal foundation for stakeholder theory", Research in Ethical Issues in Organizations, Vol. 4, pp. 31-49.
45. Rawls, J. (2001), Justice as Fairness: A Restatement, Harvard University Press, Cambridge, MA.
46. Rousseau, D.M. (1990), "New hire perceptions of their own and their employer's obligations: a study of psychological contracts", Journal of Organizational Behavior, Vol. 11, pp. 389-400.
47. Rousseau, D.M. (1995), Psychological Contracts in Organizations: Understanding Written and Unwritten Agreements, Newbury Park, CA.
48. Rousseau, J.J. (1762), Le Contrat Social, Translated by Cranston, M. (1968), Penguin Books.
49. Russel, B. (1921), "The analysis of mind", Outline of Philosophy, Unwin Hyman.
50. Simon, H.A. (1991), "Bounded rationality and organisational learning", Organisation Science, Vol. 2 No. 1, pp. 125-34.
51. Smith, A. (1776), The Wealth of Nations, Bantam, 2003.
52. Sutton, S.G. and Arnold, V. (1998), "Deconstructing economic stakeholder theories or is might really right?", Critical Perspectives on Accounting, Vol. 9, pp. 251-60.
53. Wicks, A.C., Gilbert, D.R., Jr. and Freeman, R.E. (1994), "A feminist reinterpretation of the stakeholder concept", Business Ethics Quarterly, Vol. 4, pp. 475-97.