STAKE-HOLDERS APPROACH TO CORPORATION AND ECONOMICS

The main goal of this article is critical review of past discussions, scope and problems correlated to stake-holders approach. Due to different manner of organization of capitalistsociety, ideas of stake-holders return to general principles of freedom, unity and solidarity, but they are also associated with search for safety and stability in time of continuous changes. Stake-holder is a person who has interest(share) in activity of special organizations (entities), and owing to this he can demand to be informed and consulted about activity of organization and to participate in decision-making. So far, stake-holders approach developed most in literature which described activity of corporations and tasks of corporation management. Therefore, the article mostly dealswith analysis of differences between this approach and other concepts of majority of disputable questions of activity of corporation and principles of stake-holders management. Somewhat modest results have been achieved in conceiving stake-holders economy. It exists there where reciprocity of equities and obligations is built around the concept of economic, social and political integration, aimed to correct defficiencies of market. Problems appear due to different levels on which stake-holders integration develops. The higher level is (sector, national economics, supernational associations) the more difficult realization of interest of particular stake-holder is. The concluding part discusses several essential disputable questions and critiques of stake-holders approach, pointing out here objective difficulties which influence scientific contributions of this approach. The contributions of this approach are pointed out as well: a) empirical research of corporation management and, b) analysis of privatization of public enterprises, what can be effcient approach for solution of the same problems in East European transitional countries.