Value distribution to stakeholders: The influence of stakeholder power and strategic importance in public firms

Boaventura, João Maurício Gama; Bosse, Douglas A.; Mascena, Keysa Manuela Cunha de; Sarturi, Greici

doi:10.1016/j.lrp.2019.05.003

Cited by 37 publications

(67 citation statements)

References 70 publications

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“…Freeman et al (2020) explain that a stakeholder framework is first and foremost a management approach, which focuses on concrete business issues, addressing how BL stakeholder management can lead to better organizational outcomes by incorporating stakeholder interests into business strategies. In addition, to thinking about what actions companies should and should not take to meet moral standards, attention is given to the relationships that companies should promote with their strategic stakeholders (Boaventura et al, 2020). According to this logic, we propose that as follows: H4.…”

Section: Hypotheses Developmentmentioning

confidence: 99%

A stakeholder theory approach to creating value in higher education institutions

Langrafe

Barakat

Stocker

et al. 2020

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Purpose This paper aims to empirically verify whether the development of improved relationships between higher education institutions (HEIs) and their stakeholders based on the principles of stakeholder theory creates more value. Design/methodology/approach The methods involve a quantitative approach, with the data collection being carried out through a survey of 88 heads of HEIs in Brazil. The paper uses the Spearman’s correlation coefficient to analyze the data and test the hypotheses. Findings The findings reinforce the arguments found in the stakeholder theory literature, in which relationships are based on the following principles: knowledge and information sharing, mutual trust, involvement in the decision-makin g process and alignment of stakeholders’ interests in the strategic planning process, all of which create more value for organizations. Practical implications This study seeks to improve the knowledge of stakeholder theory in relation to HEIs. It identifies the stakeholder relationships that create the most value and have the potential to generate a sustainable competitive advantage. The results can help managers to improve their relationships with stakeholders and may encourage the implementation of practices and policies that consider stakeholders’ influence on the strategic direction of HEIs. Social implications The studies present a social contribution by evidencing the importance of the development of best practices, processes and strategies in the management of educational institutions, which are important actors in the development of society. Originality/value The originality of this paper is that it empirically tests the principles of stakeholder theory and their relationships with value creation for organizations in the higher education context. Whilst stakeholder theory has been explored in multiples contexts, there is a lack of studies addressing stakeholder management in HEIs.

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Section: Hypotheses Developmentmentioning

confidence: 99%

A stakeholder theory approach to creating value in higher education institutions

Langrafe

Barakat

Stocker

et al. 2020

View full text Add to dashboard Cite

show abstract

“…Foram identificadas também relações positivas entre a gestão de stakeholders e o retorno de projetos (Lopes & Mañas, 2013); a geração de benefícios estratégicos para a corporação (Plaza-Úbeda, Burgos-Jiménez & Carmona-Moreno, 2010); os mecanismos de controle de gestão e a gestão em situação de crise econômica (Asel, Posch & Speckbacher, 2011); a confiança e a satisfação dos stakeholders (Strong, Ringer & Taylor, 2001); a abordagem da gestão e os tipos de relacionamentosbaseados em fairness e arms-length (Sarturi, Barakat, Mascena & Fischmann, 2016); relações positivas para poder e importância estratégica na distribuição de valor aos stakeholders (Boaventura, Bosse, Mascena & Sarturi, 2020).…”

Section: Metodologiaunclassified

“…A premissa comum nestes estudos, leva em consideração uma conexão positiva entre a gestão orientada para os stakeholders, o compartilhamento de valor aos stakeholders e a performance da empresa (Freeman et al, 2010;Orlitzky, Schmidit & Rynes, 2003;Harrison, Bosse & Phillips, 2010;Sarturi, Seravalli & Boaventura, 2015;Tantalo & Priem, 2016). Assim, examinar estas relações de criação, cocriação ou distribuição de valor pode revelar em que extensão os stakeholders tem um papel nesse processo com as empresas (Freeman, 2010;Garcia-Castro & Aguilera, 2015; 23 Harrison et al, 2010;Tantalo & Priem, 2016;Boaventura et al, 2020 (Bridoux & Stoelhorst, 2016); e a necessidade de revisão dos modelos em global value chain quanto à influência dos stakeholders em nível internacional e à governança multi-stakeholder (Humphrey, Todeva, Armando & Giglio, 2019). E ainda, a atuação dos diferentes grupos de stakeholders em situações de misconduct e coalizões e sua influência nas práticas e ações de responsividade das organizações (Barnett, 2014;Hersel et al, 2019), principalmente no contexto de crise.…”

Section: Como Os Stakeholders Influenciam a Organização? Como A Organização Pode Responder àS Influências E Pressões Dos Stakeholders?unclassified

Gestão de Stakeholders: Estado da Arte e Perspectivas

Mascena

Stocker

2020

FSRJ

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Purpose – this research aims to present an overview of the stakeholder management, reviewing the main models and theoretical propositions and investigating the phenomena addressed in the empirical papers on the theme.Design/methodology/approach – A bibliometric survey and sociometric analysis were undertaken considering the international and national publications related to the topic between 1980 and 2019.Originality / Value: The stakeholder approach has developed in recent years and its application is increasingly present in several areas of management, having a strong dialogue on the emerging issues of society. This study has an academic relevance advancing the dissemination of current knowledge in stakeholder theory integrating to the empirical studies.Findings – the main results were discussed in order to analyze: the variables related to stakeholder management; the stakeholder management models applied in empirical studies; the main results in studies on stakeholders’ conflict of interest; and discussions about stakeholder influence and pressure.Research implications – The research contribution consists in the elaboration of a panorama of the stakeholder management, presenting the main theoretical and empirical contributions, and the dimensions for future studies perspectives, being: i) Creation, co-creation and value distribution; ii) cooperation, involvement, and stakeholder engagement; iii) Influence of stakeholder management on performance; and iv) networks, relationships, and multi-stakeholder influences.

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“…Stakeholder theory has long highlighted the heterogeneity among a firm’s stakeholders and its profound influences on the firm’s strategies [ 27 , 28 , 29 ]. One of the most important dimensions of this heterogeneity is stakeholder salience, which refers to “the degree to which managers give priority to competing stakeholder claims” [ 10 ].…”

Section: Theory and Hypothesesmentioning

confidence: 99%

Eco-Efficiency and Private Firms’ Relationships with Heterogeneous Public Stakeholders in China

Chen

Liu

2020

IJERPH

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Private firms have been struggling to simultaneously achieve both environmental and economic goals. The concept of eco-efficiency captures the extent to which firms gain competitiveness through environmental management. Based on stakeholder salience theory and organizational learning theory, this study proposes that relationship with public stakeholders can hinder or promote private firms’ eco-efficiency. Our findings showed that firm eco-efficiency is reduced by a relationship with the government but is enhanced by relationships with non-governmental organizations (NGOs). This study also found that the effects on eco-efficiency of a firm’s relationship with public stakeholders are contingent on firm size. The findings of this study shed light on the organizational learning perspective of eco-efficiency and multi-stakeholder management by theoretically and empirically differentiating the effects on firm eco-efficiency of relationships with the government and NGOs.

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Value distribution to stakeholders: The influence of stakeholder power and strategic importance in public firms

Cited by 37 publications

References 70 publications

A stakeholder theory approach to creating value in higher education institutions

A stakeholder theory approach to creating value in higher education institutions

Gestão de Stakeholders: Estado da Arte e Perspectivas

Eco-Efficiency and Private Firms’ Relationships with Heterogeneous Public Stakeholders in China

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