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THE STAKEHOLDER THEORY OF THE FIRM: A METHODOLOGY TO GENERATE VALUE MATRIX WEIGHTS.
- Source :
- Business Ethics Quarterly; Apr92, Vol. 2 Issue 2, p99-119, 21p, 5 Diagrams, 10 Charts
- Publication Year :
- 1992
-
Abstract
- Various authors advocate consideration of stakeholder value concerns in organizational decision making. Brenner and Cochran (1990, 1991) propose a stakeholder theory of the firm which contains several propositions and a stakeholder value matrix. In order to begin any stakeholder model validation, an approach is needed to measure stakeholder value and influence weights. We propose a multicriteria decision modeling approach, utilizing the analytic hierarchy process, to estimate stakeholder value matrix weights. This approach is illustrated using a simplified example and suggestions are made regarding the process needed to begin to validate the stakeholder theory of the firm. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 1052150X
- Volume :
- 2
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Business Ethics Quarterly
- Publication Type :
- Academic Journal
- Accession number :
- 5953181
- Full Text :
- https://doi.org/10.2307/3857566