The ethical perspective of stakeholder theory is consistent with the efficiency view in positive accounting theory.

Question

Quizplus · Accepted Answer

The ethical perspective of stakeholder theory is focused on the interests and concerns of all stakeholders, not just shareholders. In contrast, positive accounting theory is primarily concerned with explaining and predicting the behavior of managers and stakeholders in pursuit of their own self-interest, which may not align with the interests of all stakeholders. Therefore, the two perspectives are not entirely consistent with each other.

The Ethical Perspective of Stakeholder Theory Is Consistent with the Efficiency