The Justification of the Stakeholder Theory-A Kantian Perspective

Philosophy and Culture 32 (8):71-91 (2005)
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Abstract

Interest in business ethics involved in those shareholders on the theory of competition theory, this article is to deal with the theory of norms related to those profits into evidence, is the view of Kant's moral philosophy to illustrate this theory is a reasonable basis. In this paper, Kant believes, whether individuals or others in the human personality should be respected, not only as a tool to look at, but rather as an objective to look at, namely a person's intrinsic value. Dignity is not intrinsic value to instrumental value to the exchange. A corollary of business managers involved in the consideration of stakeholders, whether towards yourself or others, as long as the right to legal restrictions are within the scope of "full duty" to fulfill the responsibility. But "not entirely obligation" does not mean you can ignore the interests of those involved in the intrinsic value, but because legal authority is still not clear in the specification, the business manager who is temporarily unable to measure the instrumental value of interest involved. Moreover, this concept of property rights from Kant to reflect the so-called property between related interest has meaning. "Company" is the core of the main interests were involved, and gradually spread to the secondary benefit those involved, and even the other person involved in the layers of interest to share the results. This share is Kant's so-called legal, the possession of intellectual meaning. Therefore, the different interests involved in the exchange between the stakes, unite to form the instrumental value of complex, business managers also need to consider different degrees, while the distribution of the different interests of the responsibilities and obligations. This article is an attempt to apply the essential features of Kantian moral philosophy to the stakeholder theory. According to Kantian perspective, all stakeholders in business are the members of Kingdom of end so that they are treated not only mean but also end. Human beings ought to be respected because human beings have dignity. Kant differenced perfect duty from imperfect one. From this distinguish a corporative manager could consider different distribution among very stakeholder. This duty to oneself is a narrow and perfect one in terms of its quality; but all duties to one regarding the end of humanity in our own person, are wide and imperfect duties in terms of its degree. And Kant thought that the property right should be understood not only a right to a thing but also the sum of all the laws to do with things being yours or mine. So in a corporation those stakes may be any things which all the laws to do with things being different stakeholders. This thought challenges the conception of property right from the stockholder theory

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