The Stakeholder Value: Contributions and Limitations
Jamila OUBIHI, Abdelkbir ELOUIDANI

Abstract
The stakeholder approach to governance is still in the development phase. Its operationalization is little discussed in the literature. It presents difficulties of measurement. The objective of this subject is twofold. First, present the foundations on which the stakeholder value is based. Second, study the shortcomings faced by its implementation operationalization. Communication will be structured as follows. First, we explain the transition from shareholder governance to stakeholder governance through the questioning of shareholder governance theory and through the emergence of the stakeholder theory. Second, let's clarify the meaning attributed to the stakeholder value and the method by which it was measured. An identification of the limits of this partnership value will subsequently be studied.

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