Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts

Mitchell, Reginald H.; Wood, Donna J.

doi:10.3138/9781442673496-014

Cited by 2,471 publications

(5,512 citation statements)

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“…Pressures arise because economic activities and social externalities are closely associated (Berman, Wicks, Kotha, & Jones, 1999;Rowley & Berman, 2000). Satisfying constituencies' demands for improved social responsiveness is also in the interests of companies because they depend on their stakeholders for the resources they need for continuing survival and success (Hillman & Keim, 2001;Mitchell, Agle, & Wood, 1997).…”

Section: Industry Setting: Manufacturing and Servicementioning

confidence: 99%

Does CSR practice pay off in East Asian firms? A meta-analytic investigation

Hou

Liu²,

Fan

et al. 2015

Asia Pac J Manag

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Academics and practitioners have long wondered whether corporate social responsibility (CSR) practice is beneficial for Asian firms. To better understand the relationships between CSR and business performance, we use meta-analytical techniques based on 31,773 East Asian firms reported in 28 empirical studies to provide cumulative evidence for the value of CSR. Meta-analytic results indicate a general positive association between CSR and business performance. We find that environmental CSR has a stronger impact than social CSR on business performance, and that CSR practice has a stronger positive effect on operational performance than on financial performance. Further meta-analytic evidence indicates that several moderating issues explain significant variances in the effect size across studies, including economic development stage (developed vs. developing), firm size (SMEs vs. non-SMEs), organizational form (public vs. private), and measurement methods (archival data vs. self-report). Moreover, we find that CSR importance in East Asia has not varied over the past 15 years. We conclude with theoretical contributions and practical implications.

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Section: Industry Setting: Manufacturing and Servicementioning

confidence: 99%

Does CSR practice pay off in East Asian firms? A meta-analytic investigation

Hou

Liu²,

Fan

et al. 2015

Asia Pac J Manag

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“…In Mitchell et al (1997) the authors argue that managers take into account the interests of stakeholders if they perceive that these have power, legitimacy and urgency. In Mitchell et al (1999) they tested their theory which confirmed that managers give priority to the stakeholders that possess these attributes.…”

Section: Empirical Findingsmentioning

confidence: 99%

The Stakeholder Model: The Influence of the Ownership and Governance Structures

Jansson

2005

J Bus Ethics

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This paper addresses the possibilities to introduce the stakeholder model in the firm, especially the possibility to give property or decision rights to stakeholders. This paper argues that it is not practical to give full property rights to more than one group of stakeholders. Decision rights to employees and creditors are already in place in some countries, but the possibility to introduce them more generally to other stakeholder groups depends very much on the governance and ownership structure of the firm and the legal environment. The future of the stakeholder model in a globalised economy is also analysed.

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“…Mitchell et al (1997) propose a set of stakeholder attributes for assessing potential stakeholder infl uence of power, legitimacy and urgency. A stakeholder can have the power to impose its will on the relationship.…”

Section: Acknowledging Concerns From All Stakeholdersmentioning

confidence: 99%