Stakeholder Engagement in Corporate Social Practices and Non-Financial Disclosures: A Systematic Literature Review

Zarzycka, Ewelina; Krasodomska, Joanna; Dobija, Dorota

doi:10.7206/cemj.2658-0845.43

Cited by 12 publications

(11 citation statements)

References 77 publications

(94 reference statements)

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“…Subsequently, out of 1,068 articles, only those were selected that were written in English and published in top-ranked blind peer-reviewed journals that were ranked either A* or A by the "Australian Business Deans Council" (ABDC, 2019). The focus was mainly on A* and A-ranked journals as the articles selected from these journals would enhance the quality of our review and retrieve articles only from the business management domain (Batra et al, 2021;Creevey et al, 2021;David and Han, 2004;Singh et al, 2020;Zarzycka et al, 2021). ABDC journal list used in this review is considered a Systematic literature review highly reliable journal list.…”

Section: Methodsmentioning

confidence: 99%

Leadership and supply chain management: a systematic literature review

Prabhu

Srivastava

2022

JM2

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Purpose This study aims to analyze the state of knowledge on the relationship between leadership and the firm’s supply chain. The study identifies and examines the existing literature, unveils research gaps and suggests future research directions. Design/methodology/approach Adopting a systematic review process, a total of 110 articles published in top-ranked academic journals (A* and A category as per ABDC-2019 list) were analyzed. Descriptive, cluster, thematic and regression analyses of citations were performed to garner insights. Findings The review outcome shows an upward trend of articles studying the influence of leadership in the supply chain. With the highest number of articles, developed countries and manufacturing companies have been the research contexts of the research studies. Clustering reveals eight significant areas where the leader’s involvement in the supply chain is discussed, with several sub-themes emerging within each cluster. Finally, the regression analysis of citations shows that only the journal’s quality matters the most in receiving the highest citation for the articles. Research limitations/implications As this study considered only A* and A-ranked journals of the ABDC-2019 list, there is a risk of excluding some relevant articles. Originality/value While the current literature deliberates on recent trends in the supply chain, such as the application of Industry 4.0 practices, this review revolves around the classical theme of leadership and demonstrates its importance in the supply chain. The study is among the first to conduct a bibliometric analysis of articles deliberating on leadership and supply chain issues by grouping the articles into clusters and themes. In the end, the clusters and themes were conceptualized into the “House of Supply Chain Leadership,” of which leadership forms the foundation.

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Section: Methodsmentioning

confidence: 99%

Leadership and supply chain management: a systematic literature review

Prabhu

Srivastava

2022

JM2

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“…In essence, however, social goal orientation is a mixed model which can seek to solve social problems while improving efficiency by adopting commercial management techniques to obtain maximum benefit. Social goal orientation is in line with the characteristics of both for profit and non-profit corporate activity ( Zarzycka et al, 2021 ). Finally, while creating profits and remaining accountable to shareholders and employees, enterprises must also meet the needs of external stakeholders.…”

Section: Theoretical Basis and Literature Reviewmentioning

confidence: 97%

“…Financial relationships . In view of the fact that individuals’ experience in financial institutions can promote the acquisition of funding ( Zarzycka et al, 2021 ), in this study, FC = 1 is defined as a financial relationship if the CEO or any board members have ever held a position in a bank or other financial institution; otherwise, FC = 0. 2.…”

Section: Description Of Variables and Datamentioning

confidence: 99%

Stakeholder relationships and corporate social goal orientation: Implications for entrepreneurial psychology

Sheng

Xiao

et al. 2022

Front. Psychol.

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As the sensitivity to corporate social responsibility (CSR) continues to grow, the goal of enterprises has expanded beyond the sole pursuit of economic value. Corporate social goal orientation has therefore come to occupy a central position in entrepreneurs’ psychology and the transition away from a market-only economy. This study uses secondary data from 4,288 samples of 725 Chinese-listed companies from 2009 to 2020 to explore the driving factors in social goal orientation based on the characteristics of sample companies and their industry groups from the perspective of stakeholder relationships. The results can be summarized as follows: (1) there is an inverted U-shaped relationship between government stakeholder relationships and social goal orientation, and there is a significant positive relationship between financial stakeholder relationships, market stakeholder relationships, and corporate social goal orientation. (2) The correlation between single-dual stakeholder relationships and social goal orientation is not consistent. In light of the nature of the roles of government and the market, the correlation between the government–market dual relationship and corporate social goal orientation is not significant. However, there is a significant correlation between the finance–government dual stakeholder relationship and social goal orientation; that is, the dual stakeholder relationship maintains the existence of non-institutional capital and corporate financial capital. Moreover, there is no significant correlation between the market–finance dual relationship and corporate social goal orientation, and there is substitutability between market and financial stakeholder relationships. With the deepening of our understanding of CSR, the core goal of enterprises is no longer confined to the pursuit of economic value, and their social goal orientation has come to be regarded as a major driving force in sustainable development. This study enriches the research on the relationship between stakeholder relationships and shows that stakeholder relationships also have important significance to both achieving corporate goals and shaping entrepreneurs’ psychology.

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“…In other words, SE is the commitment to embrace the principle of "inclusiveness," which means recognizing the right to be heard by stakeholders and accepting the commitment to report on the choices made for their businesses (Anggraeni et al, 2019;Herremans et al, 2016). Therefore, SE is recognized as a fundamental accountability mechanism, as it obliges an organization to involve stakeholders in identifying, understanding and responding to sustainability issues and concerns and to report, explain and respond to their decisions, actions and performance (Zarzycka et al, 2021). SE, if properly and effectively used, allows us to gain an understanding of the key topics, interests and concerns of stakeholders and to explain how the company has reacted and responded to those aspects (Freeman et al, 2017;Greenwood, 2007;Lopatta et al, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

“…, 2020). Given that SE is important in the context of NFR processes (Zarzycka et al. , 2021), a reflection on the ways in which it is conducted is essential.…”

Section: Introductionmentioning

confidence: 99%

The quality assessment of stakeholder engagement disclosure in the EU mandatory non-financial reporting framework

Petruzzelli

Badia

2023

JAAR

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PurposeThis article investigates the quality of stakeholder engagement (SE) process disclosure in the context of non-financial reporting (NFR) introduced by Directive 2014/95/EU (NFRD). SE implies the involvement of the subjects interested in the organization's activity, according to the principle of inclusiveness and the key concepts of the stakeholder theory (ST).Design/methodology/approachThe authors conducted a content analysis on 75 non-financial statements (NFSs) published by companies listed on the Italian Stock Exchange in 2018 and 2021 to evaluate the evolutionary profiles of SE quality through the years.FindingsThe average level of SE is not significantly high. The research showed an overall poor quality of disclosure concerning stakeholders' key expectations and issues to be addressed and answered. Furthermore, a certain variability emerged in the quality of the disclosure between the various reports, and no significant improvements in SE quality were noted from 2018 to 2021.Research limitations/implicationsThe conclusions provide a replicable method for the analysis of SE quality in NFSs and the development of new standpoints in the ongoing debate on the implications of mandatory legislative frameworks for NFR. Content analyses intrinsically present margins of subjectivity. The sample was limited to a subset of NFS from Italy; hence, the results could be country specific.Practical implicationsThis work suggests some possible ways of improvement of SE practices by companies.Originality/valueOriginal assessment model based on eight variables identified from the academic literature and the most common international sustainability reporting standards. These variables were stakeholder identification, stakeholder selection process, degree of involvement, SE approach, dialogue channels, SE results, different points of view and integration of the SE process.

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Stakeholder Engagement in Corporate Social Practices and Non-Financial Disclosures: A Systematic Literature Review

Cited by 12 publications

References 77 publications

Leadership and supply chain management: a systematic literature review

Leadership and supply chain management: a systematic literature review

Stakeholder relationships and corporate social goal orientation: Implications for entrepreneurial psychology

The quality assessment of stakeholder engagement disclosure in the EU mandatory non-financial reporting framework

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