However, focusing in profitability and high market price that neglect long run value nowadays can prolong the
outlook about trade-off between value maximization and stakeholder’s welfare. The information asymmetry between
stakeholder components that affects bargain asymmetry or vice versa can be a supporting element for management
behaviour in neglecting long run value through neglecting stakeholder’s interest. This can happen in real world
because the assumption of perfect competition condition in market is unrealized in real world (Argandona, 2011).
Externality, conflict agency issue, and many others are the actual condition that needs to be considered in proposing
company’s goals, value, and management concept. Stakeholder theory realization needs a rejection principle to
management supremacy, even shareholder to other stakeholders, and the awareness that company is a nexus of
relationships (Philips, Freeman, Wicks 2003, Jones and Wicks 1999 and Freeman and Phillips 1999 in Krishnan)