Work

Literature Review of Stakeholder Theory and it's Implications on Laxmi Vilas Bank and Family Owned Businesses in India

Year: 2026

Type: article

Abstract: In this paper, we conduct a comprehensive literature review of Edward Freeman's stakeholder theory. We explore the various types of stakeholders in a firm, examining their utility to the firm and the mutual value addition between stakeholders and the firm. We then analyse the managerial implications of stakeholder theory. Subsequently, we apply this theoretical framework to the case of Laxmi Vilas Bank, interpreting its issues through the lens of stakeholder theory. Furthermore, we assess family businesses in India, identifying the advantages and disadvantages of such enterprises from a stakeholder perspective. Finally, we conclude by highlighting gaps in the current stakeholder theory.

Source: Zenodo (CERN European Organization for Nuclear Research)

Author: Gunturu, Vamsi Krishna

Institution: Indian Institute of Management Kozhikode

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W7137019926

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