?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Corporate+Responsibility%3A+The+Stakeholder+Paradox+Reconsidered&rft.creator=Jensen%2C+Karsten+Klint&rft.subject=Consumer+issues&rft.description=Is+it+legitimate+for+a+business+to+concentrate+on+profits+under+respect+for+the+law+and+ethical+custom%3F+On+the+one+hand%2C+there+seems+to+be+good+reasons+for+claiming+that+a+corporation+has+a+duty+act+for+the+benefit+of+all+its+stakeholders.+On+the+other+hand%2C+this+seems+to+dissolve+the+notion+of+a+private+business%3B+but+then+again%2C+a+private+business+would+appear+to+be+exempted+from+ethical+responsibility.+This+is+what+Kenneth+Goodpaster+has+called+the+stakeholder+paradox%3A+either+we+have+ethics+without+business+or+we+have+business+without+ethics.%0D%0A%0D%0AThrough+a+different+route%2C+I+reach+the+same+solution+to+this+paradox+as+Goodpaster%2C+namely+that+a+corporation+is+the+instrument+of+the+shareholders+only%2C+but+that+shareholders+still+have+an+obligation+to+act+ethically+responsible.+To+this%2C+I+add+discussion+of+Friedman%C3%A2%C2%80%C2%99s+claim+that+this+responsibility+consist+in+increasing+profits.+I+show+that+most+of+his+arguments+fail.+Only+pragmatic+considerations+allow+to+a+certain+extent+that+some+of+the+ethical+responsibility+is+left+over+to+democratic+regulation.%0D%0A&rft.date=2007&rft.type=Journal+paper&rft.type=NonPeerReviewed&rft.format=source&rft.identifier=http%3A%2F%2Forgprints.org%2F11344%2F1%2F11344.doc&rft.identifier=Jensen%2C+Karsten+Klint+(2007)+Corporate+Responsibility%3A+The+Stakeholder+Paradox+Reconsidered.+Journal+of+Agricultural+and+Environmental+Ethics.+[+In+Press+%2C+2007]+*&rft.relation=http%3A%2F%2Forgprints.org%2F11344%2F