Stakeholder Governance for Responsible Innovation: A Theory of Value Creation, Appropriation, and Distribution

Sophie Bacq, Ruth V. Aguilera · 2021 · Journal of Management Studies

Summary. Organizations pursuing responsible innovation to address societal challenges lack clear governance mechanisms for distributing created value among stakeholders. This paper proposes a three-stage model of value allocation based on stakeholder governance: deciding what value to create and for whom, protecting against unintended value appropriation, and distributing value among intended stakeholders. Four novel governance mechanisms enable participative processes that align value distribution with responsible innovation intent.

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@article{bacq-2021-stakeholder-governance-responsible-innovation-theory,
  title   = {Stakeholder Governance for Responsible Innovation: A Theory of Value Creation, Appropriation, and Distribution},
  author  = {Sophie Bacq and Ruth V. Aguilera},
  journal = {Journal of Management Studies},
  year    = {2021},
  doi     = {10.1111/joms.12746},
  url     = {https://doi.org/10.1111/joms.12746}
}

TY  - JOUR
TI  - Stakeholder Governance for Responsible Innovation: A Theory of Value Creation, Appropriation, and Distribution
AU  - Sophie Bacq
AU  - Ruth V. Aguilera
JO  - Journal of Management Studies
PY  - 2021
DO  - 10.1111/joms.12746
UR  - https://doi.org/10.1111/joms.12746
ER  - 

Details

DOI

10.1111/joms.12746

Countries

United States, Spain, Mexico

Regions

North America, Europe

Categories

innovation-theory, policy, general-innovation

Added

2026-04-28