Sense and sensibility: Testing an attention‐based view of organizational responses to social issues

Ferreira, Luciana Carvalho de Mesquita

doi:10.1111/beer.12156

Cited by 8 publications

(21 citation statements)

References 73 publications

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“…Extant literature has used several different measures for performance, for example, Gómez-Bezares, Przychodzen, and Przychodzen (2017) examine the impact of CSR activities on financial performance. Similarly, Ferreira (2017) observed that CSR activities influenced the financial performance of organizations.…”

Section: Discussionmentioning

confidence: 94%

“…Extant literature has used several different measures for performance, for example, Gómez‐Bezares, Przychodzen, and Przychodzen () examine the impact of CSR activities on financial performance. Similarly, Ferreira () observed that CSR activities influenced the financial performance of organizations. Relationship between CSR activities and mutual wellbeing of MNE and host market has been also widely examined in the EM context (Forcadell & Aracil, ).…”

Section: Research Context and Methodologymentioning

confidence: 91%

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Balancing social and political strategies in emerging markets: Evidence from India

Rao‐Nicholson

Khan

Marinova

2018

Business Ethics: A Eur Rev

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This article explores the substitution and complementary effects between political and social strategies on firm performance in the context of an emerging market (EM). Using in‐depth, historical case‐study approach, the article investigates how companies integrate political and social resources in this market. Corporate performance includes traditional measures, such as accounting performance and nonfinancial measures like the ease of doing business. The study finds that social strategies are stronger enablers of firm long‐term performance than political strategies. The latter have a short‐term impact on performance, but their success over time is limited. The main drawback of reliance on political resources in EMs is the lack of political stability, fragmented polity, and weak political coalitions. We identify rather limited evidence of firms using these two strategies as complements. Thus, we suggest that firms should employ both these strategies in the EM.

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Section: Discussionmentioning

confidence: 94%

Section: Research Context and Methodologymentioning

confidence: 91%

Balancing social and political strategies in emerging markets: Evidence from India

Rao‐Nicholson

Khan

Marinova

2018

Business Ethics: A Eur Rev

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“…There is a relationship between corporate philanthropy practices, but when we consider them separately, management through foundations is determinant in the market value, and management through donations is not. Management through foundations is thought to be integrated into the firm strategy (Brammer et al, ) and evaluated by the investor as a signal of consistency (Ferreira, ), credibility, and professionalism, and it favours transparency (Abdelmotaal & Abdel‐Kader, ; Bereskin et al, ), affecting market value positively.…”

Section: Discussionmentioning

confidence: 99%

“…Management through foundations is thought to be integrated into the firm strategy (Brammer et al, 2006) and evaluated by the investor as a signal of consistency (Ferreira, 2017), credibility, and professionalism, and it favours transparency (Abdelmotaal & Abdel-Kader, 2016;Bereskin et al, 2016), affecting market value positively. The relationship between foundations and market value highlights the importance of integrating philanthropy within the core business (Zerbini, 2017) rather than using sporadic practices (Chen et al, 2008) to affect the firm's market value.…”

Section: Discussion and Con Clus I Onmentioning

confidence: 99%

“…By contrast, the existence of a formal structure for corporate philanthropy should ensure the coherence of philanthropic policies and their integration into the firm's overall strategy (Brammer, Millington, & Pavelin, 2006;Marquis & Lee, 2013;Waniak-Michalak & Michalak, 2016) as well their being considered a signal of consistency (Ferreira, 2017;Moratis, 2018). A foundation is a legal entity independent of the firm that favours transparency (Bereskin et al, 2016;Liang & Renneboog, 2017), which is a feature of a signal (Weigelt & Camerer, 1998).…”

Section: Corporate Philanthropy and Market Valuementioning

confidence: 99%

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How market value relates to corporate philanthropy and its assurance. The moderating effect of the business sector

Arco-Castro

Pérez

Pérez-López

et al. 2020

Business Ethics: A Eur Rev

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Corporate philanthropy strategy integrated into the core business constitutes a novel vision and a little‐explored field of study with regard to corporate social commitment. The goal of this study is to analyse how the diverse ways of managing and assuring philanthropy can be considered signals of a firm's social commitment and consequently affect its market value. In addition, the analysis considers whether the business sector moderates those relationships. We aim to provide a comprehensive vision of corporate philanthropy and its effect on market value. From a sample of 965 firm‐years, of 193 firms from 2011 to 2015, we found that the market responds positively to the professional, independent management of philanthropy via a foundation, in preference to donations, and welcomes external assurance of corporate philanthropy as a set of actions that improve the perceived reliability of philanthropic activities. In addition, we observe a moderating effect of the business sector on the relationships among corporate philanthropy, assurance and the company's market value. The main contribution of this study is the provision of new evidence of how corporate philanthropy and its assurance are effective signals that reduce the information asymmetries between firms and investors, affecting company market value positively.

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The wicked problem of waste management: An attention-based analysis of stakeholder behaviours

Salvia

Zimmermann

Willan³

et al. 2021

Journal of Cleaner Production

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Surging amounts of waste are reported globally and especially in lower-income countries, with negative consequences for health and the environment. Increasing concern has been raised for the limited progress achieved in practice by diverse sets of policies and programmes. Waste management is a wicked problem characterised by multilayered interdependencies, complex social dynamics and webs of stakeholders. Interactions among these generate unpredictable outcomes that can be missed by decision makers through their understanding and framing of their context. This article aims to identify possible sources of persistent problems by focussing on what captures, shapes and limits the attention of stakeholders and decision-makers, drawing on the attention-based view from organisation theory. The theory describes the process through which issues and opportunities are noticed and how these are translated into actions, by focussing on the influencers at the individual, organisational and context scale. Views on issues and opportunities for waste management were collected in a series of fieldwork activities from 60 participants representing seven main types of stakeholders in the typical lower-middle income Kenyan city of Kisumu. Through a thematic analysis guided by the attention-based view, we identified patterns and misalignment of views, especially between government, community-based organisations and residents, which may contribute to persistent waste problems in Kisumu. Some point to detrimental waste handling practices, from separation to collection and treatment, as the main cause of issues. For others, these practices are due to a poor control of such practices and enforcement of the law. This study's major theoretical contribution is extending the application of attention theory to multi-stakeholder problems and to non-formalized organisations, namely residents and to the new field of waste management. This novel lens contributes a greater understanding of waste issues and their management in Africa that is relevant to policy and future research. By revealing the “wickedness” of the waste problem, we point to the need for a holistic and systems-based policy approach to limit further unintended consequences.

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Sense and sensibility: Testing an attention‐based view of organizational responses to social issues

Cited by 8 publications

References 73 publications

Balancing social and political strategies in emerging markets: Evidence from India

Balancing social and political strategies in emerging markets: Evidence from India

How market value relates to corporate philanthropy and its assurance. The moderating effect of the business sector

The wicked problem of waste management: An attention-based analysis of stakeholder behaviours

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