Integrating the Relationship between Stakeholder’s Perspective and Corporate Sustainability: A Literature Review

Purpose: This research paper's main goal is to understand conceptual development in the area of corporate sustainability while bringing stakeholders perspective in this deliberation. Design/Methodology/Approach: The study is based on systematic literature review that covers 45 research articles published in years 1970 to 2020 in peer reviewed journals. The study tried to look into the variety of concepts developed in this field, their characterizations, their classification into causes to consequences and their significance that informed the area of corporate sustainability. Findings: Stakeholder’s perspective deal with the broad propositions and unique way to deal with controlling the enterprises from the major "stockholder’s perspective", highlighting the firm as flowing together of co-operative and viable advantage speaking to an all-encompassing stakeholder base. This literature survey analyzes the different measurements that develop in academic research stakeholder perspective to deal with the topic of sustainable business. The stakeholder viewpoint hypothesis is offered by way of a typical hypothetical structure aimed at evolving sustainability knowledge besides exercise, particularly in its normative and instrumentalist approaches.