Stakeholder Theory: The State of the Art

Abstract

Business Ethics received the attention of philosophers in the mid-1970s – although the subject certainly existed before that time – especially in many Catholic institutions. It also received the attention of some management professors in the Social Issues in Management Division of the Academy of Management. These management professors were almost all social scientists and brought a different approach to the subject. One of the recent trends in business ethics has been closer cooperation between philosophers and social scientists in business ethics research.

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