2009
DOI: 10.1177/0276146709344954
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Market Responsiveness to Societal Interests

Abstract: The authors provide evidence that firms can enhance their own objectives by internalizing the objectives of most stakeholder groups. This suggests that society’s objectives, as defined by stakeholders to the firm, can be augmented by the self-interest motivation at the heart of a market system. Specifically examined was the impact of stakeholder responsiveness on innovativeness. The second objective of this study was to explore the impact of compliance-based versus strategic-based regulation approaches on firm… Show more

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Cited by 23 publications
(15 citation statements)
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“…Prior research has highlighted the role of regulators in constructing an economic infrastructure (Gonzalez-Padron and Nason 2009; Phipps and Brace-Govan 2011). Similar to European politics (Chrisafis 2015; Waterfield 2014), German public policy takes an active stance against safe food waste and uses interventions such as education (Rothschild 1999).…”
Section: Resultsmentioning
confidence: 99%
“…Prior research has highlighted the role of regulators in constructing an economic infrastructure (Gonzalez-Padron and Nason 2009; Phipps and Brace-Govan 2011). Similar to European politics (Chrisafis 2015; Waterfield 2014), German public policy takes an active stance against safe food waste and uses interventions such as education (Rothschild 1999).…”
Section: Resultsmentioning
confidence: 99%
“…Financial performance (Dangelico, Pontrandolfo, and Pujari, 2013;Young, Hwang, Mcdonald, and Oates, 2010); market opportunities (Dangelico et al, 2013;Oxborrow and Brindley, 2013); access to new market segments (Gonzalez-Padron and Nason, 2009); increased revenues (Carrillo-Hermosilla et al, 2010); increased demand for products and services (Gonzalez-Padron and Nason, 2009); increased market share (Roy and Whelan, 1992); efficient processes (Lee and Kim, 2011); cost savings (Carrillo-Hermosilla et al, 2010;Gonzalez-Padron and Nason, 2009;Liao et al, 2013;Oxborrow and Brindley, 2013); pooling resources (Yarahmadi and Higgins, 2012); profitability (Kiron et al, 2013)…”
Section: Financial Performancementioning
confidence: 99%
“…The “stakeholder vs. stockholder” debate reflected in LS (Pope Francis 2015 [190]), customarily attributed to the strategic management literature (e.g., Freeman 1984, Smith 2003), has also been explored in the macromarketing literature (Laczniak and Murphy 2012). Related to this, general understandings of social responsibility in market contexts have also been studied (Beschorner, Haiduk, and Schank 2015; Drumwright and Murphy 2001; Gonzales-Patron and Nason 2009; Laczniak and Murphy 2015). Finally, another pillar of CST and a foundational concept in LS (Pope Francis 2015 [18, 23, 156] is the notion of common good (e.g., Pittz, Steiner, and Pennington 2020), also the theme of a macromarketing focused University of Notre Dame scholarly symposium (e.g.…”
Section: Macromarketing Thought – Responding To Dominant Managerialismmentioning
confidence: 99%