Cambridge Handbook of Stakeholder Theory

Stakeholder theory is a model for ethical business that views firms in terms of their relationships to a broad set of partners. This handbook provides a comprehensive foundation for study in the field, with eighteen chapters written by respected and highly cited experts. It will provide an essential reference on both foundational topics and new applications of stakeholder theory to entrepreneurship, sustainable business, corporate responsibility, and beyond.

Format: Paperback / softback
Length: 298 pages
Publication date: 09 May 2019
Publisher: Cambridge University Press

Since R. Edward Freeman first introduced stakeholder theory, which views firms in terms of their relationships to a broad set of partners, the stakeholder approach has gained increasing attention as a model for ethical business. Edited by Freeman, alongside other leading scholars in stakeholder theory and strategic management, this handbook provides a comprehensive foundation for study in the field, with eighteen chapters covering some of the most important topics in stakeholder theory written by respected and highly cited experts. The chapters contain an overview of the topic, an examination of the most important research on the topic to date, an evaluation of that research, and suggestions for future directions. Given the pace of new scholarship in the field, this handbook will provide an essential reference on both foundational topics as well as new applications of stakeholder theory to entrepreneurship, sustainable business, corporate responsibility, and beyond.

Stakeholder theory, as introduced by R. Edward Freeman, has emerged as a prominent framework for understanding firms and their relationships with a diverse range of stakeholders. This approach emphasizes the importance of considering the interests and perspectives of various groups, including employees, customers, shareholders, and the broader community. Since its inception, stakeholder theory has gained widespread recognition as a model for ethical business practices, offering a valuable guide for organizations seeking to balance their economic, social, and environmental responsibilities.

Edited by Freeman, along with other esteemed scholars in stakeholder theory and strategic management, this handbook provides a comprehensive and authoritative resource for scholars and practitioners alike. Comprising eighteen chapters, the handbook covers a wide range of topics essential to stakeholder theory. Each chapter is written by respected and highly cited experts in the field, providing a deep understanding of the topic and its applications.

The chapters in this handbook are organized into three sections. The first section provides an overview of stakeholder theory, defining its key concepts, principles, and historical origins. It explores how stakeholder theory differs from other approaches to business ethics and discusses the benefits and challenges associated with adopting a stakeholder-oriented approach. The second section examines the most important research on stakeholder theory to date. It highlights key findings, theoretical frameworks, and empirical studies that have contributed to our understanding of the role of stakeholders in business decision-making and organizational performance. The third section offers an evaluation of the research presented in the previous section. It critically assesses the strengths and limitations of the studies, identifies areas for further research, and suggests practical implications for businesses and policymakers.

One of the key strengths of this handbook is its comprehensive coverage of stakeholder theory. The chapters provide a thorough examination of various topics, including the nature of stakeholders, the role of stakeholders in corporate decision-making, the dynamics of stakeholder relationships, and the development of sustainable business practices. The handbook also addresses the challenges and complexities associated with implementing stakeholder theory, such as balancing the interests of different stakeholders, managing conflicts, and developing effective communication strategies.

Another notable feature of this handbook is its contributions to the field of entrepreneurship. Stakeholder theory has gained increasing importance in the context of entrepreneurial ventures, as entrepreneurs are often responsible for creating value for a wide range of stakeholders, including employees, customers, investors, and the broader community. The handbook provides valuable insights into how entrepreneurs can incorporate stakeholder theory into their business practices, such as developing sustainable business models, engaging with stakeholders, and building trust and reputation.

Furthermore, this handbook offers valuable insights into the role of corporate responsibility in today's business landscape. Stakeholder theory emphasizes the importance of organizations considering their social and environmental impact in addition to their economic interests. The chapters in this handbook explore how businesses can develop and implement sustainable practices, such as reducing their carbon footprint, promoting social justice, and supporting local communities. The handbook also discusses the challenges and opportunities associated with corporate responsibility, such as balancing the interests of shareholders and stakeholders, developing effective reporting mechanisms, and engaging in meaningful dialogue with stakeholders.

In conclusion, this handbook provides a comprehensive and authoritative foundation for study in the field of stakeholder theory. Edited by Freeman, alongside other leading scholars in stakeholder theory and strategic management, it offers a wealth of knowledge and insights into the importance of considering the interests and perspectives of various stakeholders in business decision-making. The chapters in this handbook are written by respected and highly cited experts, providing a deep understanding of the topic and its applications. Whether you are a scholar, practitioner, or business leader, this handbook will be an invaluable resource for understanding and implementing stakeholder-oriented practices in your organization.

Weight: 614g
Dimension: 241 x 167 x 15 (mm)
ISBN-13: 9781316642047