- Published
- 2021-03-26
- Venue
- Journal of Management, vol. 47, no. 7, pp. 1757-1770
- Cited by
- 752
- Open access
- Yes, hybrid
- DOI
- 10.1177/0149206321993576
Abstract
We start this article with the exploration of similarities between the resource-based view of the firm (RBV) and stakeholder theory at the time of their origination and then proceed with the conversation on what led to distinct developmental trajectories of the two theories. Though RBV has become a leading paradigm in the strategic management field, we argue that in its current form, RBV is yet incomplete. We suggest there are four aspects that stakeholder theory can offer to inform RBV: normativity, sustainability, people, and cooperation. Reconciling stakeholder theory and RBV is a promising path to advancing our understanding of management, and we provide a two-part guideline to management scholars and practitioners who would be willing to take this path.
Cite this paper
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- APA 7
Freeman, R. E., Dmytriyev, S. D., & Phillips, R. A. (2021). Stakeholder Theory and the Resource-Based View of the Firm. Journal of Management, 47(7), 1757–1770. https://doi.org/10.1177/0149206321993576
- MLA 9
Freeman, R. Edward, et al. "Stakeholder Theory and the Resource-Based View of the Firm." Journal of Management, vol. 47, no. 7, 2021, pp. 1757–1770, https://doi.org/10.1177/0149206321993576.
- Chicago
Freeman, R. Edward, Sergiy D. Dmytriyev, and Robert A. Phillips. "Stakeholder Theory and the Resource-Based View of the Firm." Journal of Management 47, no. 7 (2021): 1757–1770. https://doi.org/10.1177/0149206321993576.
- GOST
Freeman R. E., Dmytriyev S. D., Phillips R. A. Stakeholder Theory and the Resource-Based View of the Firm // Journal of Management. — 2021. — Vol. 47, № 7. — P. 1757–1770. — URL: https://doi.org/10.1177/0149206321993576
- BibTeX
@article{freeman2021stakeholder, title = {{Stakeholder Theory and the Resource-Based View of the Firm}}, author = {R. Edward Freeman and Sergiy D. Dmytriyev and Robert A. Phillips}, journal = {Journal of Management}, year = {2021}, volume = {47}, number = {7}, pages = {1757--1770}, doi = {10.1177/0149206321993576}, url = {https://doi.org/10.1177/0149206321993576} }- RIS
TY - JOUR AU - Freeman, R. Edward AU - Dmytriyev, Sergiy D. AU - Phillips, Robert A. TI - Stakeholder Theory and the Resource-Based View of the Firm JO - Journal of Management VL - 47 IS - 7 SP - 1757 EP - 1770 PY - 2021 DA - 2021/03/26 DO - 10.1177/0149206321993576 UR - https://doi.org/10.1177/0149206321993576 ER -