STAKEHOLDER‐AGENCY THEORY

Charles W. L. Hill and Thomas M. Jones

Journal of Management Studies, 1992, vol. 29, issue 2, 131-154

Abstract: Taking 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.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jomstd:v:29:y:1992:i:2:p:131-154

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