Stakeholder Theory: A Luhmannian Perspective

We explore the cross-fertilization potential between stakeholder theory and Niklas Luhmann’s social systems theory. Social systems, such as corporations or nonprofits, are defined by complexity reduction and operational closure, which may render them insensitive to their environment and undermine th...

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Veröffentlicht in:	Administration & society 2019-05, Vol.51 (5), p.826-849
Hauptverfasser:	Valentinov, Vladislav, Roth, Steffen, Will, Matthias Georg
Format:	Artikel
Sprache:	eng
Schlagworte:	Closure Companies Luhmann, Niklas (1927-1998) Nonprofit organizations Responsiveness Social meaning Social responsibility Social systems Social systems theory Stakeholders System theory Systems theory
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container_title	Administration & society
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creator	Valentinov, Vladislav Roth, Steffen Will, Matthias Georg
description	We explore the cross-fertilization potential between stakeholder theory and Niklas Luhmann’s social systems theory. Social systems, such as corporations or nonprofits, are defined by complexity reduction and operational closure, which may render them insensitive to their environment and undermine their sustainability. This vision resonates with stakeholder theory’s arguments on the importance of the corporate responsiveness to stakeholder interests. The suggested common ground between the theories yields novel insights into key concepts of stakeholder theory such as the contrast between the jointness of stakeholder interests and trade-off thinking, the normativity of the stakeholder idea, and the meaning of corporate social responsibility.
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subjects	Closure Companies Luhmann, Niklas (1927-1998) Nonprofit organizations Responsiveness Social meaning Social responsibility Social systems Social systems theory Stakeholders System theory Systems theory
title	Stakeholder Theory: A Luhmannian Perspective
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