Stakeholder theory and Governance according to the participative model

Abstract

The aim of this contribution is to clarify the academic discourse on the theory of
stakeholders; The concept of stakeholder was recruited in strategic business management within
the academic discourse based on organizational feature of Social Responsibility (CSR) which is
also the introduction in growing in the field of human resource development, especially to
understand their contribution to the evaluate the efficacy of organizational performance.
In fact stakeholder theory was the goal of competing interpretations, sometimes in the strict
sense as a analysis tool of the area around the regulatory and / or descriptive theory of the activity
of the institution, and sometimes in the extensive vision as a realistic theory for the company and
alternative to the contractual approaches (agency theory costs transactions theory, and incomplete
contracts theory), focusing on the reformulation of organizational goals that integrate ethical
dimension