Stakeholder Theory and the Entrepreneurial Firm


  • Ronald K. Mitchell Texas Tech University
  • Boyd Cohen University of Victoria


This paper offers a typology of a stakeholder theory of the entrepreneurial firm, such that a new lens for entrepreneurial management emerges. We (1) generated a list of purported "theories of the firm" from the literature; (2) applied qualifying criteria; (3) analyzed the list according to two dimensions-stakeholder inclusion and stakeholder equilibration strength-to categorize these theories of the firm into a typology revealing gaps in the theory-of-the-firm literature; and (4) identified research questions for a stakeholder theory of the entrepreneurial firm that raises entrepreneurial management issues.


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How to Cite

Mitchell, R. K., & Cohen, B. (2006). Stakeholder Theory and the Entrepreneurial Firm. Journal of Small Business Strategy, 17(1), 1–16. Retrieved from