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The Discussion on Stakeholders in Contrast with the Shareholders Theory:Reconciliation to a Conscious Capitalism


Affiliations
1 University Center for Economic and Managerial Sciences, University of Guadalajara, Periferico Norte 799, Los Belenes, C.P. 45100, Zapopan, Jalisco, Mexico
2 Centro Universitario de Ciencias Economico Administrativas, Universidad de Guadalajara, Mexico
 

This article describes the stakeholder theory and the shareholder theory, as normative theories about business ethics. Their differences are observed, as well as the way in which they support each other. Finally, these theories are complemented by conscious management (Conscious management), and the importance of a holistic view of the purpose of organizations that includes investors, society and the environment.

Keywords

Conscious Management, Shareholders Theory, Stakeholders Theory.
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  • The Discussion on Stakeholders in Contrast with the Shareholders Theory:Reconciliation to a Conscious Capitalism

Abstract Views: 328  |  PDF Views: 111

Authors

Jose G. Vargas-Hernandez
University Center for Economic and Managerial Sciences, University of Guadalajara, Periferico Norte 799, Los Belenes, C.P. 45100, Zapopan, Jalisco, Mexico
David Casillas Gonzalez
Centro Universitario de Ciencias Economico Administrativas, Universidad de Guadalajara, Mexico

Abstract


This article describes the stakeholder theory and the shareholder theory, as normative theories about business ethics. Their differences are observed, as well as the way in which they support each other. Finally, these theories are complemented by conscious management (Conscious management), and the importance of a holistic view of the purpose of organizations that includes investors, society and the environment.

Keywords


Conscious Management, Shareholders Theory, Stakeholders Theory.

References