Stakeholder theory impact and prospects edited by robert a phillips provides a great education in history to those of us who have been using the term stakeholder but who have little idea of its origins. Get this from a library stakeholder theory impact and prospects robert phillips honoring the twenty fifth anniversary of one of the most influential books in the history of business strategy and ethics r edward freemans strategic management a stakeholder approach this work . Honoring the twenty fifth anniversary of r edward freemans strategic management a stakeholder approach one of the most influential books in the history of business strategy and ethics this work assembles a collection of contributions from some of the most renowned and widely cited scholars working in the area of stakeholder scholarship . The stakeholder concept a significant response to the seemingly impossible task of conciliating the distinctiveness focused demands of wealth creation with the inclusiveness focused requirements of wealth distribution provides the subject matter for the book stakeholder theory impact and prospects edited by robert a phillips. As a member of my company youdeweycheatem howeasked me to comment on that what is the stakeholder theory and how it has influenced positive accounting theory and its impact on the gpfr