Pathways Between Dominance and Goodwill: Changing the Perspective for Successful Stakeholder Integration

Geyr, Maximilian Von; Joos, Klemens

doi:10.1007/978-3-031-15531-4_7

Cited by 1 publication

(2 citation statements)

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“…Based on previous studies [50][51][52] that advocate the important role of stakeholder integration into the enterprise management system and their role toward green competitiveness and sustainable development [53], the present study attempts to assess the effect of the integration of stakeholders into enterprise management on companies' green competitiveness based on partial least squares structural equation modeling (PLS-SEM) [48,49,54,55].…”

Section: Methodsmentioning

confidence: 99%

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Stakeholders’ Engagement in the Company’s Management as a Driver of Green Competitiveness within Sustainable Development

et al. 2023

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The world’s transition to green economic growth, considering the Agenda for Sustainable Development, provokes relevant structural changes in the world market. Consequently, it boosts the business sector’s ability to incorporate green dimensions into their development policies to intensify their green competitiveness in the market. In this case, it is necessary to identify the appropriate indicators that affect a company’s green competitiveness. Thus, stakeholders and management could intensify or decline a company’s green competitiveness depending on the efficiency of communication between them. The paper aims to analyze the role of stakeholders’ engagement in the company’s management in enhancing green competitiveness. The research data were compiled from a questionnaire of 75 respondents, who represent the Ukrainian company’s management. The study applies PLS-SEM to test the hypotheses of the investigation. The empirical results allow us to conclude that stakeholders’ engagement in the company’s management positively affects the company’s green competitiveness. The most statistically significant impact on the company’s green competitiveness is experience in communication with stakeholders and managing stakeholders’ conflicts, with loading factors of 0.802 and 0.806, respectively. The findings show that to improve green competitiveness, the company’s management should develop targeted stakeholder communications and extend knowledge and awareness of stakeholder interests and values. At the same time, management should incorporate stakeholders’ suggestions and recommendations when promoting a company’s green competitiveness.

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Section: Methodsmentioning

confidence: 99%

“…Moreover, PLS-SEM can handle a broad range of data types and account for measurement errors and other sources of bias [56]. Furthermore, this method has a unique performance with small set samples, and it is useful for understanding the relationships between variables and making predictions about future outcomes [48,49,54,55].…”

Section: Methodsmentioning

confidence: 99%