Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance

• 成果类型: Article
• 署名作者: Berman, SL; Wicks, AC; Kotha, S; Jones, TM
• 署名单位: Boston University; University of Washington; University of Washington Seattle
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256972
• 发表日期: 1999
• 页码: 488-506
• 关键词: human-resource management; organizational performance; Competitive advantage; strategy; IMPACT; profitability; determinants; environments; PRODUCTIVITY; contingency

摘要

Little empirical work has been done on the effect of stakeholder management on corporate performance. In this study, we 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.