Stakeholder Theory and “The Corporate Objective Revisited”: A Reply
回应Freeman等人从利益相关者视角对“企业目标再审视”的批评，指出其混淆价值与价值观、忽视相关学术史，且未能提供可实证支持的利益相关者替代理论。
Freeman et al. (2004) offer a spirited rebuttal to our paper “The Corporate Objective Revisited” from the perspective of stakeholder theory. However, they fall short in making a case against the logic of shareholder value maximization. The authors confound issues of “value” and “values,” ignore the rich history of scholarship on related questions, and perhaps misinterpret some of our core arguments. Most importantly, proponents of stakeholder views such as Freeman et al. appear to be unable to go beyond critiques of the shareholder view by failing to offer an empirically supportable alternative theory.