Stakeholder Theory Through the Lenses of Catholic Social Thought

Beyond different starting points, stakeholder theory (ST) and Catholic Social Thought (CST) share many compatible perspectives when analyzing the role of the firm in economic activity, especially regarding the attention of the firm to different social and economic actors. Additionally, ST bears limi...

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Bibliographic Details
Published in:Journal of business ethics
Authors: Retolaza, Jose Luis (Author) ; Aguado, Ricardo (Author) ; Alcaniz, Leire (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2019
In: Journal of business ethics
Further subjects:B Spirituality
B theory of the firm
B Stakeholder Theory
B Purpose of the firm
B Catholic Social Thought
B Religion
Online Access: Volltext (lizenzpflichtig)
Description
Summary:Beyond different starting points, stakeholder theory (ST) and Catholic Social Thought (CST) share many compatible perspectives when analyzing the role of the firm in economic activity, especially regarding the attention of the firm to different social and economic actors. Additionally, ST bears limitations regarding its ethical and anthropological foundation, and also about the legitimation of the different stakeholders’ interests. Therefore, ST lacks clear criteria to solve possible conflicts of interest between stakeholders. This paper analyzes the potentiality of ST, widely accepted in corporate management, to integrate CST principles in order to solve those conflicts. At the same time, the paper studies the possibility of finding in the principles of CST an anthropological and ethical foundation for ST. This foundation could be the source of criteria to discuss the levels of legitimation and prioritization between stakeholders´ interests, especially when those interests collide.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-018-3963-6