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Stakeholder theory one grand theory or multiple perspectives? some Australian evidence


Wilmshurst, TD, Stakeholder theory one grand theory or multiple perspectives? some Australian evidence, APIRA 2004 Internet Conference Proceedings : The Fourth Asia Pacific Interdisciplinary Research in Accounting (APIRA) Conference, 4 - 6 July 2004, Singapore EJ (2004) [Refereed Conference Paper]

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Stakeholder theory has developed on two fronts - adopting a managerial or a normative perspective. Each has offered a partial explanation of the :firnrstakeholder relationship. Researchers have called for an approach that addresses both perspectives to recognise the diverse motivations for decisions. This study operationalises stakeholder theory identifying motivations to report to stakeholders identified from the various stakeholder theories. It is argued that this approach allows a more complete analysis of the fl11IJ:stakeholder interaction. The relevance of each of the motivations was assessed through a postal survey of a sample of 'environmentally sensitive' firms. Data analysis found that the variants of stakeholder theory do contribute to the decision to report, each offering a part of the story. This approach recognises motivations to report differ between firms as a result of the differing impacts (economic, social, cultural) on the firm and the viewpoints people within the firm bring to decision- making.

Item Details

Item Type:Refereed Conference Paper
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Financial accounting
Objective Division:Environmental Management
Objective Group:Other environmental management
Objective Field:Other environmental management not elsewhere classified
UTAS Author:Wilmshurst, TD (Associate Professor Trevor Wilmshurst)
ID Code:32419
Year Published:2004
Deposited By:Accounting and Accountability
Deposited On:2004-08-01
Last Modified:2012-02-14

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