Justice is pointed out as one of the main guiding factors of stakeholder management. The principles of justice are able to provide a greater basis for establishing criteria for prioritizing the claims of different stakeholders. This research puts the theme of justice as central in the studies that integrate the stakeholder theory. We seek to investigate the origins and evolution of the concept, in order to clarify how justice is seen from the perspective of stakeholder theory. Next, we propose the objective of analyzing how the stakeholders' perception of justice is influenced by the process of value distribution for the stakeholders and how this relationship influences their reciprocity behavior. This idea constitutes a matrix that aggregates different types of stakeholders characterized based on the perception of justice and distribution of value to them. We suggest propositions that suggest the causality of the relationships suggested in the matrix. We believe that the development of this research will contribute by providing evidence of the benefits and strategic consistency for organizations that prioritize making decisions based on stakeholder justice, exploring the concept of justice in order to advance important issues of stakeholder theory and providing basis that stimulate the support of just organizations.