Stakeholder theory

Mahajan, Ritika; Lim, Weng Marc; Sareen, M. L.; Kumar, Satish; Panwar, Rajat

doi:10.1016/j.jbusres.2023.114104

Cited by 59 publications

(28 citation statements)

References 70 publications

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“…, 2023b), corporate responsibilities (Bansal et al. , 2023) and stakeholder interactions (Mahajan et al. , 2023).…”

Section: The Philosophy Of Science and Its Relevance In Business Rese...mentioning

confidence: 99%

“…There are several branches within moral philosophy that offer distinct lenses through which to study and understand ethics: consequentialism posits that the morality of an action is determined by its outcomes or consequences; deontology, on the other hand, emphasizes duties, rules or obligations as the foundation for determining the ethicality of actions, irrespective of their outcomes; whereas, virtue ethics focuses on the moral character of individuals and the virtues they embody rather than the actions themselves (Garcia-Rosell and Moisander, 2008). In the realm of business research, ethics can play a significant role in guiding decision-making processes (Lim et al, 2023b), corporate responsibilities (Bansal et al, 2023) and stakeholder interactions (Mahajan et al, 2023). Depending on the research paradigm, moral philosophy can be leveraged in various ways to study business phenomena.…”

Section: Philosophy Of Science and Research Paradigmmentioning

confidence: 99%

“…Obligation, marking the imperative to navigate and fulfill a broader spectrum of commitments, emerges from the evolution beyond shareholder priorities to encapsulate stakeholder concerns like data protection and environmental, social and governance (ESG) imperatives (Lim et al. , 2023a; Mahajan et al. , 2023).…”

Section: Introductionmentioning

confidence: 99%

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Philosophy of science and research paradigm for business research in the transformative age of automation, digitalization, hyperconnectivity, obligations, globalization and sustainability

Lim

2023

JTS

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PurposeThis article aims to explain the role of philosophical anchors and research paradigms in business research, and how they can be extrapolated in the transformative era of automation, digitalization, hyperconnectivity, obligations, globalization and sustainability (ADHOGS) in the midst of disruption, volatility, uncertainty, complexity and ambiguity (DVUCA).Design/methodology/approachThis article entails a general review based on the 3Es of exposure, expertise and experience, delving into the ontological, epistemological, methodological, axiological and rhetorical aspects of the major research paradigms—i.e. positivism, post-positivism, constructivism, interpretivism and pragmatism—and their interplay with the emergent trends shaping business research.FindingsThis article underscores the multifaceted nature of business research in the modern day, with an increasing need for blending, or shifting between, research paradigms to address the complex issues arising from automation, digitalization, hyperconnectivity, obligations, globalization and sustainability (ADHOGS). This article also highlights the nuanced interplay between research paradigms and theoretical perspectives, demonstrating the rich, diverse potential of business research inquiries.Research limitations/implicationsWhile this article provides a broad overview of the interplay between research paradigms and emerging trends, future research could explore each of these interplays in greater detail, conducting empirical studies or utilizing specific case studies.Practical implicationsResearchers and practitioners should be open to adopting, combining or switching between different paradigms according to the demands of their research questions, context and trends shaping the business landscape, thereby underscoring the need for methodological flexibility and reflexivity in business research.Social implicationsThe shift toward embracing digital transformations and integrating sustainability in business research holds significant implications, driving socially responsible and sustainable business practices at the micro-level, and by extension, industrial revolution and sustainable development at the macro-level.Originality/valueThis article offers a holistic and contextualized view of the philosophy of science and research paradigms for business research, bridging the gap between philosophical foundations and contemporary research trends.

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“…, 2023b), corporate responsibilities (Bansal et al. , 2023) and stakeholder interactions (Mahajan et al. , 2023).…”

Section: The Philosophy Of Science and Its Relevance In Business Rese...mentioning

confidence: 99%

Section: Philosophy Of Science and Research Paradigmmentioning

confidence: 99%

See 1 more Smart Citation

Philosophy of science and research paradigm for business research in the transformative age of automation, digitalization, hyperconnectivity, obligations, globalization and sustainability

Lim

2023

JTS

Self Cite

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“…Stakeholder theory underscores the complex, interconnected relationships between various parties, highlighting the mutual influence they exert (Freeman, 1984;Mahajan et al, 2023). Thus, control belief, within this context, signifies the confidence that moviegoers as individual stakeholders have in their ability to influence their cinematic experiences and decisions.…”

Section: Theoretical Background Conceptual Framework and Hypothesis D...mentioning

confidence: 99%

“…Stakeholder theory, a management theory introduced by Freeman (1984), posits that businesses can influence and be influenced by multiple constituents or stakeholders (e.g. customers, supply chain partners), beyond just shareholders (Bansal et al, 2023;Mahajan et al, 2023). Recent marketing scholars have recognised the integral role stakeholders play in value co-creation, arguing for the broader application of this theory to inform marketing theory and practice, despite its relative underuse (Aksoy et al, 2022;Hollebeek et al, 2022).…”

Section: Theoretical Background Conceptual Framework and Hypothesis D...mentioning

confidence: 99%

The blockbuster blueprint: towards a stakeholder theory-based marketing framework

Patil

Lim

Date

et al. 2023

MIP

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PurposeThis study aims to examine the intricate relationships in the making of a box office through a stakeholder lens that considers the influence of filmmakers and theatres on moviegoers' intention to watch a movie at the theatre.Design/methodology/approachEmploying covariance-based structural equation modelling (CB-SEM), this study analyses survey data on cinema-going experience collected from 673 moviegoers in digital era of a new normal.FindingsThe findings elucidate that movie branding, movie genre and theatre preference positively influence moviegoers' intention to watch a movie at the theatre. Furthermore, the study unveils that theatre preference is swayed by an array of personal and social factors, including control belief and social companion. Intriguingly, promotional elements, both commercial and non-commercial, were found to influence movie branding, yet not the genre when predicting theatre attendance intentions.Research limitations/implicationsAmid the burgeoning alternatives for watching movies (e.g. cable television and online streaming platforms), this article offers a contemporary exploration of the variables that motivate audiences to partake in the cinema-going experience, thereby serving as a proxy to decipher the factors that drive a movie's box-office success in digital era.Originality/valueUnlike prior studies relying on archival data, the present study collects and uses survey data to develop a novel stakeholder theory-based marketing framework for the box office and moviegoers. The study also provides seminal insights on the box office and moviegoers in the digital era of a new normal.

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Climate change disclosure and evolving institutional investor salience: Roles of the Principles for Responsible Investment

Azuma,

Higashida

2024

Bus Strat Env

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This study investigates the relationship between climate change disclosure and institutional investors. A particular focus of the present study is the question of if and how the relationship is affected by the Principles for Responsible Investment (PRI). A relevant context to the question is shareholder engagement, where institutional investors' legitimacy affects the outcomes. Thus, this study examines Japan, where shareholder engagement is the main pathway for institutional investors to convey their ESG‐related influence to investee companies. Using the stakeholder salience theory as a theoretical framework, the empirical results of analyzing 17,604 firm‐year eXtensible Business Reporting Language (XBRL) documents of listed Japanese companies provide evidence for the following. First, institutional stakeholders' holding ratio has positively influenced corporate climate change disclosure (power). Second, the positive influence of institutional investors is more significant when PRI‐signed institutional investors are present (legitimacy). Third, the aforementioned relations gained statistical significance gradually during the analysis period (urgency). Fundamentally, this study shows that the stakeholder salience theory contributes to a deeper understanding of the relationship.

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Stakeholder theory

Cited by 59 publications

References 70 publications

Philosophy of science and research paradigm for business research in the transformative age of automation, digitalization, hyperconnectivity, obligations, globalization and sustainability

Philosophy of science and research paradigm for business research in the transformative age of automation, digitalization, hyperconnectivity, obligations, globalization and sustainability

The blockbuster blueprint: towards a stakeholder theory-based marketing framework

Climate change disclosure and evolving institutional investor salience: Roles of the Principles for Responsible Investment

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