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- Title
DOES STAKEHOLDER ORIENTATION MATTER? THE RELATIONSHIP BETWEEN STAKEHOLDER MANAGEMENT MODELS AND FIRM FINANCIAL PERFORMANCE.
- Authors
Berman, Shawn L.; Wicks, Andrew C.; Kotha, Suresh; Jones, Thomas M.
- Abstract
Little empirical work has been done on the effect of stakeholder management on corporate performance. In this study, the authors contributed to stakeholder theory development by (1) deriving two distinct stakeholder management models from extant research, (2) testing the descriptive accuracy of these models, and (3) including important variables from the strategy literature in the tested models. The results provide support for a strategic stakeholder management model but no support for an intrinsic stakeholder commitment model. Implications of these findings for management practice and future research are discussed.
- Subjects
STAKEHOLDERS; INVESTORS; ORGANIZATIONAL commitment; MANAGEMENT; INVESTOR relations (Corporations); STRATEGIC planning; MATHEMATICAL models of industrial management; CORPORATE public relations; MANAGEMENT science; ORGANIZATIONAL behavior
- Publication
Academy of Management Journal, 1999, Vol 42, Issue 5, p488
- ISSN
0001-4273
- Publication type
Article
- DOI
10.2307/256972