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STAKEHOLDER THEORY AND VALUE CREATION

(Rumelt, 1987). Here we shall not distinguish between the different types of rents (Peteraf, 1994), nor between rents (Ricardian or efficiency rents: the difference between the price received and the minimum price needed to start the transaction) and quasi-rents (the difference between the actual price and the minimum price needed to continue the

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  Value, Theory, Stakeholder, Reactions, Rumelt, Stakeholder theory and value creation

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