Download This PaperAn Informal Model of Stakeholder's Welfare for Responsible Innovation
10 Pages Posted: 25 Jan 2016
Date Written: January 25, 2016
Abstract
In this paper I illustrate a simple informal model to explain how a firm or business organization in its efforts in conducting innovation, may affect the welfare of a stakeholder. In this simple model, time is partitioned into three periods and the business organization’s effort to innovate may yield three different outcomes (either positive or negative or neutral effects) to stakeholder welfare.
Keywords: responsibility, stakeholder engagement, hegemonic stakeholder, subaltern stakeholder, innovation
JEL Classification: M00, M10, M14
Suggested Citation: Suggested Citation
Mohd Kamal, Khairil Annuar, An Informal Model of Stakeholder's Welfare for Responsible Innovation (January 25, 2016). Available at SSRN: https://ssrn.com/abstract=2721563 or http://dx.doi.org/10.2139/ssrn.2721563
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