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Fallacies in the Stakeholding Debate
Author(s) -
Haar Lawrence
Publication year - 1999
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00191
Subject(s) - variance (accounting) , constraint (computer aided design) , economics , positive economics , profit (economics) , law and economics , neoclassical economics , accounting , mathematics , geometry
This paper reviews the logic underlying the fashionable stakeholding literature and finds it at variance with received economic theory. It concludes that many stakeholding views are flawed, particularly in regard to the rôle of profit which is seen as a constraint rather than an objective.