Stakeholder Theory, Accounting, and Business Legitimacy

The primary purpose of the study is to explore the antecedents of corporate social and environmental responsibilities discourse practices in Pakistan. The industry sensitivity, government shareholding, block holder ownership, print media coverage, environmental monitoring programs, and strategic posture are examined as antecedents of corporate social and environmental responsibility practices. A multidimensional theoretical perspective namely stakeholder theory (ST), institutional theory (IT), agency theory (PAT), and legitimacy theory (LT) is used to conceptualize the phenomena. All the four of perspective theories (positive accounting theory, legitimacy theory, stakeholder theory, and institutional theory) claim that there are ‘pressures’ that impact the organization. How much ‘pressures’ are recognized, managed or satisfied differs from one perspective of theory to the other. To estimate the data, this study uses three sets of panel data models, i.e., the pooled ordinary least squares model (POLS) or constant coefficients model, fixed effects (FEM or least squares dummy variable/LSDV model) and random-effects models. The final sample is comprising of 173 firms over eight years from 2011 to 2017. The firms listed in PSX are included in the sample. Overall the findings of the study have shown agreement with the proposed results. However, the study has provided more support to the institutional theory and stakeholder theory. Keywords: Corporate Social Responsibility, Stakeholders Theory, Agency Theory, Pakistan

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Analysis of Tourist Attraction Management Using Stakeholder Theory

KODISA International Conference on Business and Economics (KODISA.ICBE) ◽

10.35646/kodisa.icbe.2019.7.5.453 ◽

2019 ◽

Vol 2019 (7) ◽

pp. 453-459

Author(s):

Kwang-Woong CHOI ◽

Yong-Kun SUH

Keyword(s):

Stakeholder Theory ◽

Tourist Attraction

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A Political Economy Approach to Stakeholder Theory: Understanding the Ethics of Microfinance in Emerging Economies

SSRN Electronic Journal ◽

10.2139/ssrn.2405982 ◽

2013 ◽

Author(s):

Tricia D. Olsen

Keyword(s):

Political Economy ◽

Stakeholder Theory ◽

Emerging Economies ◽

Political Economy Approach

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Dynamic capabilities and stakeholder theory explanation of superior performance among award-winning hospitals

International Journal of Healthcare Management ◽

10.1080/20479700.2020.1870356 ◽

2021 ◽

pp. 1-9

Author(s):

William H. Murphy ◽

Grant Alexander Wilson

Keyword(s):

Stakeholder Theory ◽

Dynamic Capabilities ◽

Superior Performance ◽

Award Winning

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Human–Animal Relations in Business and Society: Advancing the Feminist Interpretation of Stakeholder Theory

Journal of Business Ethics ◽

10.1007/s10551-021-04840-1 ◽

2021 ◽

Author(s):

Linda Tallberg ◽

José-Carlos García-Rosell ◽

Minni Haanpää

Keyword(s):

Stakeholder Theory ◽

Business And Society ◽

Feminist Interpretation ◽

Nonhuman Animals ◽

Human Animal ◽

Care Relationships ◽

Human Actors ◽

The Impact ◽

Animal Care ◽

Scholarly Attention

AbstractStakeholder theory has largely been anthropocentric in its focus on human actors and interests, failing to recognise the impact of nonhumans in business and organisations. This leads to an incomplete understanding of organisational contexts that include key relationships with nonhuman animals. In addition, the limited scholarly attention paid to nonhumans as stakeholders has mostly been conceptual to date. Therefore, we develop a stakeholder theory with animals illustrated through two ethnographic case studies: an animal shelter and Nordic husky businesses. We focus our feminist reading of Driscoll and Starik’s (J Bus Ethics 49:55–73, 2004) stakeholder attributes for nonhumans and extend this to include affective salience built on embodied affectivity and knowledge, memories, action and care. Findings reveal that nonhuman animals are important actors in practice, affecting organisational operations through human–animal care relationships. In addition to confirming animals are stakeholders, we further contribute to stakeholder theory by offering ways to better listen to nontraditional actors.

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Incumbent Stakeholder Management Performance and New Entry

Journal of Business Ethics ◽

10.1007/s10551-020-04629-8 ◽

2020 ◽

Author(s):

André Laplume ◽

Kent Walker ◽

Zhou Zhang ◽

Xin Yu

Keyword(s):

Business Ethics ◽

Competitive Advantage ◽

Stakeholder Theory ◽

Stakeholder Management ◽

Stakeholder Group ◽

Curvilinear Relationship ◽

Management Performance ◽

Entrepreneurial Entry ◽

Very High ◽

New Entry

Abstract Instrumental stakeholder theory seeks to explain how managing stakeholders effectively can yield competitive advantage for incumbent firms. We extend instrumental stakeholder theory to explain and predict future competition operationalized as new entrepreneurial entries. Our study is among the first to empirically examine the relationships between aggregate stakeholder management performance and the entrepreneurial entries of individuals. Using a combined U.S. dataset from 2003 to 2013 from the Kinder, Lydenberg and Domini (KLD) Index, Compustat, and Kauffman’s Entrepreneurship Survey, we find support for three hypotheses. First, higher levels of stakeholder management performance are related to lower rates of entrepreneurial entry. Second, a curvilinear relationship exists between stakeholder management performance and entrepreneurial entry, where both low and very high stakeholder management performance increase entrepreneurial entry. Third, the greater the variance in stakeholder management performance across stakeholders, the more entrepreneurial entry. Our findings suggest that managing for stakeholders can help to avoid future competition. We add an entrepreneurship lens to the business ethics of stakeholder theory showing how incumbent stakeholder management performance shapes opportunities for entrepreneurs, a largely neglected stakeholder group.

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