STAKEHOLDER‐AGENCY THEORY

Charles W. L. Hill; Thomas M. Jones

doi:10.1111/j.1467-6486.1992.tb00657.x

STAKEHOLDER‐AGENCY THEORY

Charles W. L. Hill; Thomas M. Jones

Journal of Management Studies 1992

ABSTRACTTaking 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.

DOI: 10.1111/j.1467-6486.1992.tb00657.x
Volume: 29 (2)
Pages: 131-154
Language: en
Export: BibTeX
Sources: crossref