Stakeholder engagement and corporate social reputation: The influence of exogenous factors on efficiency performance (stakeholder engagement and exogenous factors)

Solana-Ibáñez, José; Caravaca-Garratón, Manuel

doi:10.1002/csr.2167

Cited by 3 publications

(7 citation statements)

References 123 publications

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“…Although companies that comply with social responsibility after a terrorist attack gain popularity, they have strong incentives to act conservatively when faced with financial risks (Abrahms et al, 2019). Likewise, assessing stakeholder needs can significantly impact companies' performance and reputation (Solana‐Ibáñez & Caravaca‐Garratón, 2021). It will also affect the level of trust between the various stakeholders and the company (Groening et al, 2022).…”

Section: Theoretical Perspectives Literature Review and Hypotheses De...mentioning

confidence: 99%

Terrorist attacks and environmental social and governance performance: Evidence from cross‐country panel data

Amosh

Khatib

Ananzeh

2023

Corp Soc Responsibility Env

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This study is motivated by the absence of similar research that investigates the link between terrorism level and social and environmental performance measured by the ESG score. This study adopts cross‐country panel data represented by 5082 worldwide companies during the period 2011 to 2020. The terrorism level has been measured using the Global Terrorism Index as reported by The Institute for Economics and Peace Limited. Our findings indicate that the occurrence of terrorist events has a significant negative impact on ESG performance, both collectively and individually, due to the various consequences. Many businesses may suspend operations in countries where the threat of terrorism is increasing, resulting in a flight of investors and the disruption of development projects, which may weaken overall economic performance and voluntary projects. Thus, it is likely to result in undermining companies' environmental and social practices. In addition, as fears of terrorist attacks grow, the general system of corporate governance may deteriorate, halting sustainable development initiatives in these countries. Terrorist attacks introduce complex moral dilemmas, challenge stakeholder priorities, affect a company's legitimacy, and reshape the institutional landscape. Companies must navigate these multifaceted challenges, balancing immediate stakeholder concerns, reputation restoration, compliance obligations, and evolving societal expectations. Our findings are significant, with numerous implications for different stakeholders such as regulators, policymakers, investors, managers, and government agencies.

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Section: Theoretical Perspectives Literature Review and Hypotheses De...mentioning

confidence: 99%

Terrorist attacks and environmental social and governance performance: Evidence from cross‐country panel data

Amosh

Khatib

Ananzeh

2023

Corp Soc Responsibility Env

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“…In the wake of the recent Covid‐19 pandemic, it has become increasingly evident that a firm's reputation is closely tied to its strategic practices (Solana‐Ibáñez & Caravaca‐Garratón, 2021). Specifically, the firms' stakeholders are expressing heightened concern over environmental issues, placing greater emphasis on environmentally friendly manufacturing (Gazzola et al, 2020; Kirchoff & Falasca, 2022; Kitsis & Chen, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Stakeholder theory posits that a firm's complex network of stakeholders is a strategic entity to be managed for the exchange of information, resources, and collaborative opportunities (Friedman & Miles, 2006; Ramkumar et al, 2021; Solana‐Ibáñez & Caravaca‐Garratón, 2021). This study particularly examines the engagement of various stakeholder categories, including managers, employees, suppliers, customers, governments, and non‐governmental organizations (NGOs).…”

Section: Literature Reviewmentioning

confidence: 99%

The influential capacity of carbon neutrality environmental orientation in modulating stakeholder engagement toward green manufacturing

Guo

Dong

Tsinopoulos

et al. 2023

Corp Soc Responsibility Env

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In response to the urgency for carbon neutrality and the dwindling of natural resources, a global pivot toward green manufacturing (GM) is underway. This study scrutinizes the operationalization of GM, assessing the impact of stakeholder engagement (SE) on the adoption of such practices, with a carbon neutrality environmental orientation (EO) as a moderating factor. Initial steps of this investigation incorporated a comprehensive analysis of extant literature, elucidating the tripartite constructs of green manufacturing (GM), SE, and carbon neutrality EO. Guided by the tenets of the NRBV and stakeholder theory, a conceptual framework was constructed to theoretically interlink these constructs. Subsequently, a Q‐sort pilot study was employed to preliminarily test and ascertain the validity and reliability of the proposed measurement tools before their incorporation into a broader survey. Data from 374 completed questionnaires, by managerial personnel, were analyzed using structural equation modeling to confirm the hypotheses. Empirical results substantiate that SE positively influences GM. Additionally, a carbon neutrality orientation moderates the SE–GM relationship. These findings possess significant implications for policymakers and firms within the apparel industry. By revealing the prevailing strengths and potential shortcomings in the current implementation of GM, this study underscores the imperative of robust SE and a committed EO toward carbon neutrality. Such a commitment can facilitate a more systematic and efficient enhancement of the GM process, from its nascent stages through to its complete realization.

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“…Some advantages of DEA are as follows: DEA is a nonparametric methodology, meaning it does not need functional specification (Cherchye et al, 2014; Solana‐Ibáñez & Caravaca‐Garratón, 2021). DEA is therefore useful when the information available is limited, because it compares the inputs and outputs of entities (Cherchye et al, 2014; Solana‐Ibáñez & Caravaca‐Garratón, 2021). This is paramount in the case of SEs with limited available data. DEA BoD type allows to identify the strategic priority 3 .…”

Section: Specification Modelmentioning

confidence: 99%

“…1. DEA is a nonparametric methodology, meaning it does not need functional specification (Cherchye et al, 2014;Solana-Ibáñez & Caravaca-Garrat on, 2021). DEA is therefore useful when the information available is limited, because it compares the inputs and outputs of entities (Cherchye et al, 2014;Solana-Ibáñez & Caravaca-Garrat on, 2021).…”

Section: Dea and Ses Performance Measurementmentioning

confidence: 99%

The financial and green effects of cultural values on mission drifts in European social enterprises

Esposito

Doronzo²,

Dicorato

2022

Bus Strat Env

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The sustainable social enterprises (SEs) literature shows that SEs have to simultaneously pursue economic, social, and environmental aims. However, tensions between these objectives can make this a challenging task and lead towards mission drift. This work investigates if the cultural dimension can forecast the mission drift. We empirically analyze this relationship in three stages. In the first stage, we identify a homogeneous dataset of 287 sustainable SEs from seven EU countries from 2011 to 2020. Then, in the second stage, we apply the data envelopment analysis (DEA) methodology to calculate the efficiency of the SEs. An efficient SE has to simultaneously achieve social, environmental, and economic aims. We calculate a proxy of the mission drift and generate a dichotomous category variable that assigns value 1 to the SE not affected by mission drift, 0 otherwise. In the last stage, we implement the 2SLS logistic regression between the variable that identifies the SEs affected by mission drift and three cultural dimensions: avoidance of uncertainty, masculinity, and short‐term orientation.

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Stakeholder engagement and corporate social reputation: The influence of exogenous factors on efficiency performance (stakeholder engagement and exogenous factors)

Cited by 3 publications

References 123 publications

Terrorist attacks and environmental social and governance performance: Evidence from cross‐country panel data

Terrorist attacks and environmental social and governance performance: Evidence from cross‐country panel data

The influential capacity of carbon neutrality environmental orientation in modulating stakeholder engagement toward green manufacturing

The financial and green effects of cultural values on mission drifts in European social enterprises

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