Scholars around the globe have published over 36,000 articles and books using Stakeholder Theory. While clearly not a comprehensive list, the resources below provide a useful starting point to learn about the work that has been done in different areas and to chart fruitful future directions.
Recently Published | Top 25 Articles of All Time | Books | In Management | In Legal Studies | In Healthcare | In Finance | In Corporate Social Responsibility
- Olsen, T. D. (2017). Political Stakeholder Theory: The State, Legitimacy, and the Ethics of Microfinance in Emerging Economies. Business Ethics Quarterly, 27(1).
- Laude, D., Weibel, A., Sachs, S., & Schafheitle, S. D. (2017). Stakeholder Distrust-Implications of Distrust Research for Stakeholder Theory.
- Rubinelli, S., & von Groote, P. M. (2017). Stakeholder Dialogue as Deliberation for Decision Making in Health Policy and Systems: The Approach from Argumentation Theory. American Journal of Physical Medicine & Rehabilitation, 96(2), S17-S22.
- Bonnafous-Boucher, M., & Rendtorff, J. D. (2016). Stakeholder Theory and Ethics. In Stakeholder Theory (pp. 67-78). Springer International Publishing.
- Ketokivi, M., & Mahoney, J. T. (2016). Transaction cost economics as a constructive stakeholder theory. Academy of Management Learning & Education, 15(1), 123-138.
- Kujala, J., Lehtimäki, H., & Myllykangas, P. (2016). Toward a Relational Stakeholder Theory: Attributes of Value-creating Stakeholder Relationships. In Academy of Management Proceedings (Vol. 2016, No. 1, p. 13609).
- Jahn, J., & Brühl, R. How Friedman’s View on Individual Freedom Relates to Stakeholder Theory and Social Contract Theory. Journal of Business Ethics, 1-12.
- Berman, S. L., & Johnson-Cramer, M. E. (2016). Stakeholder Theory Seeing the Field Through the Forest. Business & Society.
- Beckman, T., Beckman, T., Khare, A., Khare, A., Matear, M., & Matear, M. (2016). Does the theory of stakeholder identity and salience lead to corporate social responsibility? The case of environmental justice. Social Responsibility Journal, 12(4), 806-819.
- Moriarty, J. (2016). The Demands of Stakeholder Theory for Corporate Governance. Business Ethics Journal Review, 4(8), 47-52.
- Fassin, Y., de Colle, S., & Edward Freeman, R. (2016). Intra-stakeholder alliances in plant-closing decisions: A stakeholder theory approach. Business Ethics: A European Review.
- Pandey, V., & Gupta, S. (2016). Understanding G2G e-government project impasse: a stakeholder theory perspective. Information Development.
TOP 25 ARTICLES OF ALL TIME
- Strategic management: A stakeholder approach RE Freeman – 2010 – Cited by 24540
- The stakeholder theory of the corporation: Concepts, evidence, and implications T Donaldson, LE Preston – Academy of management Review, 1995 Cited by 9958
- Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts RK Mitchell, BR Agle, DJ Wood – Academy of management review, 1997 Cited by 9623
- A stakeholder framework for analyzing and evaluating corporate social performance ME Clarkson – Academy of management review, 1995 Cited by 7037
- Business and society: Ethics, sustainability, and stakeholder management A Carroll, A Buchholtz – 2014 – Nelson Education Cited by 4104
- Instrumental stakeholder theory: A synthesis of ethics and economics TM Jones – Academy of management review, 1995 Cited by 3130
- Shareholder value, stakeholder management, and social issues: what’s the bottom line? AJ Hillman, GD Keim – Strategic management journal, 2001 Cited by 2721
- Stakeholder influence strategies J Frooman – Academy of management review, 1999 Cited by 2502
- Moving beyond dyadic ties: A network theory of stakeholder influences TJ Rowley – Academy of management Review, 1997 Cited by 2341
- Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance SL Berman, AC Wicks, S Kotha… – Academy of Management …, 1999 -Cited by 2186
- Stakeholder-agency theory CWL Hill, TM Jones – Journal of management studies, 1992 Cited by 2146
- The politics of stakeholder theory: Some future directions RE Freeman – Business ethics quarterly, 1994 Cited by 1997
- Who matters to CEOs? An investigation of stakeholder attributes and salience, corporate performance, and CEO values BR Agle, RK Mitchell, JA Sonnenfeld – Academy of management …, 1999 Cited by 1811
- Determinants of corporate social responsibility disclosure: An application of stakeholder theory RW Roberts – Accounting, organizations and society, 1992 Cited by 1702
- Value maximization, stakeholder theory, and the corporate objective function MC Jensen – Journal of applied corporate finance, 2001 Cited by 1641
- Convergent stakeholder theory TM Jones, AC Wicks – Academy of management review, 1999 Cited by 1587
- The relationship between environmental commitment and managerial perceptions of stakeholder importance I Henriques, P Sadorsky – Academy of management Journal, 1999 Cited by 1477
- A stakeholder theory of the modern corporation: Kantian capitalism WM Evan, RE Freeman – 1988 Cited by 1476
- A stakeholder approach to organizational identity SG Scott, VR Lane – Academy of Management review, 2000 Cited by 1408
- Proactive environmental strategies: A stakeholder management perspective K Buysse, A Verbeke – Strategic management journal, 2003 – Cited by 1347
- Stakeholder theory and “the corporate objective revisited RE Freeman, AC Wicks, B Parmar – Organization science, 2004 – Cited by 1294
- A stakeholder approach to strategic performance measurement AA Atkinson, JH Waterhouse… – Sloan management …, 1997 – Cited by 1281
- A stakeholder approach to strategic management RE Freeman, J McVea – 2001 Cited by 1004
- A stakeholder theory of the modern corporation RE Freeman – Perspectives in Business Ethics Sie, 2001 Cited by 984
- The role of corporate social responsibility in strengthening multiple stakeholder relationships: A field experiment S Sen, CB Bhattacharya… – Journal of the Academy …, 2006 Cited by 982
Ethical Issues in Business: A Philosophical Approach (8th Edition)
Thomas Donaldson, Patricia Werhane and Joseph Van Zandt
Business Ethics: A Managerial Approach
Andrew C. Wicks, R. Edward Freeman,
Patricia H. Werhane and Kirsten E. Martin
Stakeholder Theory: The State of the Art R. Edward Freeman
, Jeffrey S. Harrison,
Andrew C. Wicks
, Bidhan L. Parmar
Managing for Stakeholders: Survival, Reputation, and Success
R. Edward Freeman,
Jeffrey S. Harrison, Andrew C. Wicks
Stakeholder Theory: Impact and Prospects
Robert A. Phillips
Stakeholder Theory and Organizational Ethics
Robert A. Phillips, R. Edward Freeman
Strategic Management: A Stakeholder Approach
R. Edward Freeman
Redefining the Corporation Stakeholder Management and Organizational Wealth
James E. Post, Lee E. Preston, and Sybille Sachs
- 1. Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: Concepts, evidence, and implications. Academy of management Review, 20(1), 65-91.
- 2. Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of management review, 22(4), 853-886.
- 3. Clarkson, M. E. (1995). A stakeholder framework for analyzing and evaluating corporate social performance. Academy of management review, 20(1), 92-117.
- 4. Jones, T. M. (1995). Instrumental stakeholder theory: A synthesis of ethics and economics. Academy of management review, 20(2), 404-437.
- 5. Frooman, J. (1999). Stakeholder influence strategies. Academy of management review, 24(2), 191-205.
- 6. Rowley, T. J. (1997). Moving beyond dyadic ties: A network theory of stakeholder influences. Academy of management Review, 22(4), 887-910.
- 7. Berman, S. L., Wicks, A. C., Kotha, S., & Jones, T. M. (1999). Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance. Academy of Management journal, 42(5), 488-506.
- 8. Agle, B. R., Mitchell, R. K., & Sonnenfeld, J. A. (1999). Who matters to Ceos? An investigation of stakeholder attributes and salience, corpate performance, and Ceo values. Academy of management journal, 42(5), 507-525.
- 9. Henriques, I., & Sadorsky, P. (1999). The relationship between environmental commitment and managerial perceptions of stakeholder importance. Academy of management Journal, 42(1), 87-99.
- 10. Scott, S. G., & Lane, V. R. (2000). A stakeholder approach to organizational identity. Academy of Management review, 25(1), 43-62.
- 11. Hillman, A. J., & Keim, G. D. (2001). Shareholder value, stakeholder management, and social issues: what’s the bottom line?. Strategic management journal, 125-139.
- 12. Rowley, T. I., & Moldoveanu, M. (2003). When will stakeholder groups act? An interest-and identity-based model of stakeholder group mobilization. Academy of management review, 28(2), 204-219.
IN LEGAL STUDIES
- 1. Bebchuk, L. A. (2007). The myth of the shareholder franchise. Virginia Law Review, 675-732.
- 2. Blair, M. M., & Stout, L. A. (1999). A team production theory of corporate law. Virginia Law Review, 247-328.
- 3. Stout, L. A. (2007). The mythical benefits of shareholder control. Virginia Law Review, 789-809.
- 4. Stout, L. A. (2003). The shareholder as Ulysses: Some empirical evidence on why investors in public corporations tolerate board governance. University of Pennsylvania Law Review, 152(2), 667-712.
- 5. Stout, L. A. (2002). Do antitakeover defenses decrease shareholder wealth? The ex post/ex ante valuation problem. Stanford Law Review, 845-861.
- 6. Keay, A. (2010). Shareholder Primacy in Corporate Law: Can it Survive? Should it Survive?. European Company and Financial Law Review, 7(3), 369-413.
- 7. Boatright, J. R. (1994). Fiduciary duties and the shareholder-management relation: or, what’s so special about shareholders?. Business Ethics Quarterly, 4(4), 393-407.
- 8. Marens, R., & Wicks, A. (1999). Getting real: Stakeholder Theory, Managerial Practice, and the General Irrelevance of Fiduciary Duties Owed to Shareholders. Business Ethics Quarterly, 9(02), 273-293.
- 9. Marcoux, A. M. (2003). A fiduciary argument against stakeholder theory. Business Ethics Quarterly, 13(01), 1-24.
- 10. Lan, L. L., & Heracleous, L. (2010). Rethinking agency theory: The view from law. Academy of Management Review, 35(2), 294-314.
1. Grundy, P., Hagan, K. R., Hansen, J. C., & Grumbach, K. (2010). The multi-stakeholder movement for primary care renewal and reform. Health Affairs, 29(5), 791-798.
2. Brugha, R., & Varvasovszky, Z. (2000). Stakeholder analysis: a review. Health policy and planning, 15(3), 239-246.
3. Aarons, G. A., Wells, R. S., Zagursky, K., Fettes, D. L., & Palinkas, L. A. (2009). Implementing evidence-based practice in community mental health agencies: A multiple stakeholder analysis. American Journal of Public Health, 99(11), 2087-2095.
4. Blair, J. D., & Whitehead, C. J. (1988). Too Many On The Seesaw: Stakeholder Diagnosis And Management. Journal of Healthcare Management, 33(2), 153.
5. Townsend, A., Adam, S., Birch, P. H., Lohn, Z., Rousseau, F., & Friedman, J. M. (2012). “I want to know what’s in Pandora’s box”: Comparing stakeholder perspectives on incidental findings in clinical whole genomic sequencing. American Journal of Medical Genetics Part A, 158(10), 2519-2525.
6. Deverka, P. A., Lavallee, D. C., Desai, P. J., Esmail, L. C., Ramsey, S. D., Veenstra, D. L., & Tunis, S. R. (2012). Stakeholder participation in comparative effectiveness research: defining a framework for effective engagement.
7. Ferguson, E., Farrell, K., James, V., & Lowe, K. C. (2004). Trustworthiness of information about blood donation and transfusion in relation to knowledge and perceptions of risk: an analysis of UK stakeholder groups. Transfusion Medicine, 14(3), 205-216.
8. Rosenstock, L., Olenec, C., & Wagner, G. R. (1998). The National Occupational Research Agenda: a model of broad stakeholder input into priority setting. American Journal of Public Health, 88(3), 353-356.
9. Quadagno, J. (2004). Why the United States has no national health insurance: Stakeholder mobilization against the welfare state, 1945-1996. Journal of Health and Social Behavior, 25-44.
10. Tregunno, D., Ross Baker, G., Barnsley, J., & Murray, M. (2004). Competing values of emergency department performance: balancing multiple stakeholder perspectives. Health services research, 39(4p1), 771-792.
- Jensen, M. C. (2001). Value maximization, stakeholder theory, and the corporate objective function. Journal of applied corporate finance, 14(3), 8-21.
- Renneboog, L., Ter Horst, J., & Zhang, C. (2008). The price of ethics and stakeholder governance: The performance of socially responsible mutual funds. Journal of Corporate Finance, 14(3), 302-322.
- Jiao, Y. (2010). Stakeholder welfare and firm value. Journal of Banking & Finance, 34(10), 2549-2561.
- Banerjee, S., Dasgupta, S., & Kim, Y. (2008). Buyer–supplier relationships and the stakeholder theory of capital structure. The Journal of Finance, 63(5), 2507-2552.
- Wallace, J. S. (2003). Value maximization and stakeholder theory: Compatible or not?. Journal of Applied Corporate Finance, 15(3), 120-127.
- Borgers, A., Derwall, J., Koedijk, K., & Ter Horst, J. (2013). Stakeholder relations and stock returns: On errors in investors’ expectations and learning. Journal of Empirical Finance, 22, 159-175.
- Bøhren, Ø., Josefsen, M. G., & Steen, P. E. (2012). Stakeholder conflicts and dividend policy. Journal of Banking & Finance, 36(10), 2852-2864.
- Barton, S. L., Hill, N. C., & Sundaram, S. (1989). An empirical test of stakeholder theory predictions of capital structure. Financial Management, 36-44.
- Holder, M. E., Langrehr, F. W., & Hexter, J. L. (1998). Dividend policy determinants: An investigation of the influences of stakeholder theory. Financial management, 73-82.
- Benson, B. W., & Davidson, W. N. (2010). The relation between stakeholder management, firm value, and CEO compensation: A test of enlightened value maximization. Financial Management, 39(3), 929-964.
IN CORPORATE SOCIAL RESPONSIBILITY
- Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business horizons, 34(4), 39-48.
- Roberts, R. W. (1992). Determinants of corporate social responsibility disclosure: An application of stakeholder theory. Accounting, organizations and society, 17(6), 595-612.
- McWilliams, A., & Siegel, D. (2001). Corporate social responsibility: A theory of the firm perspective. Academy of management review, 26(1), 117-127.
- Sen, S., Bhattacharya, C. B., & Korschun, D. (2006). The role of corporate social responsibility in strengthening multiple stakeholder relationships: A field experiment. Journal of the Academy of Marketing science, 34(2), 158-166.
- Morsing, M., & Schultz, M. (2006). Corporate social responsibility communication: stakeholder information, response and involvement strategies. Business Ethics: A European Review, 15(4), 323-338.
- McGuire, J. B., Sundgren, A., & Schneeweis, T. (1988). Corporate social responsibility and firm financial performance. Academy of management Journal, 31(4), 854-872.
- Clarkson, M. E. (1995). A stakeholder framework for analyzing and evaluating corporate social performance. Academy of management review, 20(1), 92-117.
- Barnett, M. L. (2007). Stakeholder influence capacity and the variability of financial returns to corporate social responsibility. Academy of management review, 32(3), 794-816.
- Garriga, E., & Melé, D. (2004). Corporate social responsibility theories: Mapping the territory. Journal of business ethics, 53(1), 51-71.
- Matten, D., & Moon, J. (2008). “Implicit” and “explicit” CSR: A conceptual framework for a comparative understanding of corporate social responsibility. Academy of management Review, 33(2), 404-424.