Journal
ACADEMY OF MANAGEMENT REVIEW
Volume 32, Issue 1, Pages 137-155Publisher
ACAD MANAGEMENT
DOI: 10.5465/AMR.2007.23463924
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We use convergent elements of major ethical theories to create a typology of corporate stakeholder cultures-the aspects of organizational culture consisting of the beliefs, values, and practices that have evolved for solving problems and otherwise managing stakeholder relationships. We describe five stakeholder cultures-agency, corporate egoist, instrumentalist, moralist, and altruist-and explain how these cultures lie on a continuum, ranging from individually self-interested (agency culture) to fully other-regarding (altruist culture). We demonstrate the utility of our framework by showing how it can refine stakeholder salience theory.
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