Abstract
ABSTRACT Taking agency theory and stakeholder theory as points of departure, this article proposes a paradigm that helps explain the following: (1) certain aspects of a firm's strategic behaviour; (2) the structure of management‐stakeholder contracts; (3) the form taken by the institutional structures that monitor and enforce contracts between managers and other stakeholders; and (4) the evolutionary process that shapes both management‐stakeholder contracts and the institutional structures that police those contracts.
Keywords
StakeholderStakeholder theoryAgency (philosophy)BusinessProcess (computing)Principal–agent problemStakeholder analysisStructure and agencyInstitutional theoryStakeholder managementProcess managementIndustrial organizationPublic relationsManagementEconomicsCorporate governanceSociologyPolitical scienceFinanceComputer science
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Publication Info
- Year
- 1992
- Type
- article
- Volume
- 29
- Issue
- 2
- Pages
- 131-154
- Citations
- 2365
- Access
- Closed
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Cite This
Charles W. L. Hill,
Thomas M. Jones
(1992).
STAKEHOLDER‐AGENCY THEORY.
Journal of Management Studies
, 29
(2)
, 131-154.
https://doi.org/10.1111/j.1467-6486.1992.tb00657.x
Identifiers
- DOI
- 10.1111/j.1467-6486.1992.tb00657.x