Broad or Narrow Stakeholder Management? A Signaling Theory Perspective

2021 ◽  
pp. 000765032110530
Author(s):  
Limin Fu ◽  
Dirk M. Boehe ◽  
Marc O. Orlitzky
Keyword(s):  
Stakeholder Management ◽  
Signaling Theory ◽  
Conventional Wisdom ◽  
Curvilinear Relationship ◽  
Media Environment ◽  
Empirical Results ◽  
Equity Risk ◽  
Broad Array ◽  
Multiple Media

To mitigate risk, should companies signal a broad range of environmental, social, and governance (ESG) initiatives or instead focus on only a few ESG issues? Drawing on signaling theory, we propose that a broad array of ESG initiatives generates not only signal consistency but also accelerating signal costs. Our empirical results support the resultant hypothesis of a curvilinear relationship between ESG scope and equity risk. In addition, this U-shaped curve seems to become steeper when firms face multiple media-reported ESG controversies. Overall, our study qualifies the conventional wisdom that firms can reduce equity risk by attending to a wide variety of stakeholders and highlights the moderating (signal-amplifying) impact of the firm’s media environment.

scholarly journals Incumbent Stakeholder Management Performance and New Entry

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.

scholarly journals ‘Leaving Dublin’: Photographic portrayals of post-Celtic Tiger emigration – a sociological analysis

2018 ◽  
Vol 67 (3) ◽  
pp. 635-653
Author(s):  
Breda Gray
Keyword(s):  
Visual Culture ◽  
Documentary Photography ◽  
Sociological Analysis ◽  
Celtic Tiger ◽  
Media Environment ◽  
Immigration And Emigration ◽  
Multiple Media ◽  
Complex Circuits ◽  
Media Channels ◽  
The City

This article analyses David Monahan’s photographic portrait series of over 120 people before emigrating from post-Celtic Tiger Ireland, entitled ‘Leaving Dublin’. As a digital series that circulates across multiple media channels, it moves beyond the tradition of documentary photography into a more hybrid aesthetic, political and media environment. As well as inserting these images in multiple circulatory platforms and replicable formats, the series disrupts the dominant visual culture of emigration by expressively recasting how it is seen and thought. This article argues that the highly stylised and unsentimental aesthetic adopted by Monahan pushes the images beyond the established visual culture of sentimental departure, visualising instead transnational and multicultural histories and politics through complex circuits of migration. As such, it highlights what Mieke Bal sees as the instability of migratory culture in the city landscape. At the same time, however, it re-enacts particular social distinctions and divisions. Just as new trajectories, relationalites and stories ‘appear’ as constitutive of Dublin and contemporary mobility, so also other trajectories, relationalities and mobilities are disappeared in ways that keep an exclusionary topography and politics of mobility in place. This is evident in the insistent and persistent separation between Irish asylum-seeking/immigration and emigration-focused digital photographic projects. So, although digitisation facilitates reflexive ways of communicating contemporary migration, and Monahan’s project succeeds in forging subtle connections, it also re-enacts structured disconnection and forgetting.

scholarly journals Conventional Wisdom: Putting National Party Convention Ratings in Context

2009 ◽  
Vol 86 (3) ◽  
pp. 499-512
Author(s):  
Jill A. Edy ◽  
Miglena Daradanova
Keyword(s):  
Conventional Wisdom ◽  
National Party ◽  
Major Party ◽  
Media Environment ◽  
Cable News ◽  
News Networks

This paper places broadcast major party convention ratings in the broader context of the changing media environment from 1976 until 2008 in order to explore the decline in audience for the convention. Broadcast convention ratings are contrasted with convention ratings for cable news networks, ratings for broadcast entertainment programming, and ratings for “event” programming. Relative to audiences for other kinds of programming, convention audiences remain large, suggesting that profit-making criteria may have distorted representations of the convention audience and views of whether airing the convention remains worthwhile.

scholarly journals Corporate R&D and Creditor Value: A Contingency Perspective

2019 ◽  
Vol 2 (4) ◽  
Author(s):  
Jiameng Ma
Keyword(s):  
Corporate Governance ◽  
Manufacturing Sector ◽  
Institutional Arrangement ◽  
Curvilinear Relationship ◽  
Listed Firms ◽  
Managerial Entrenchment ◽  
Empirical Results ◽  
Contingency Perspective ◽  
The Relationship ◽  
D Investment

This study investigates the relationship between corporate R&D and creditor value. The empirical results suggest that such relationship is contingent on the situations of existing R&D investment and institutional arrangement of corporate governance. We find that R&D investment increases creditor value when insufficient R&D threatens survival, while reduces creditor value when such threat is mitigated. Moreover, such curvilinear relationship is mainly driven by firms with relatively weak managerial entrenchment. Hypotheses are tested with 98 U.S. listed firms in manufacturing sector over 2001-2007.

Maintaining Your CCCs: It’s Simple and Offers a Broad Array of Options

ASHA Leader ◽  
2006 ◽  
Vol 11 (10) ◽  
pp. 18-30
Author(s):  
Craig E Coleman ◽  
Carol Williams
Keyword(s):  
Broad Array

Effects of Momentary Affect on Satisfaction Judgments

2020 ◽  
Vol 41 (2) ◽  
pp. 61-67
Author(s):  
Marko Tončić ◽  
Petra Anić
Keyword(s):  
Linear Models ◽  
Time Frame ◽  
Hierarchical Linear Models ◽  
Curvilinear Relationship ◽  
Positive And Negative Affect ◽  
Transient Events ◽  
Time Frames ◽  
Events Data ◽  
Level Satisfaction ◽  
Source Of Information

Abstract. This study aims to examine the effect of affect on satisfaction, both at the between- and the within-person level for momentary assessments. Affect is regarded as an important source of information for life satisfaction judgments. This affective effect on satisfaction is well established at the dispositional level, while at the within-person level it is heavily under-researched. This is true especially for momentary assessments. In this experience sampling study both mood and satisfaction scales were administered five times a day for 7 days via hand-held devices ( N = 74 with 2,122 assessments). Several hierarchical linear models were fitted to the data. Even though the amount of between-person variance was relatively low, both positive and negative affect had substantial effects on momentary satisfaction on the between- and the within-person level as well. The within-person effects of affect on satisfaction appear to be more pronounced than the between-person ones. At the momentary level, the amount of between-person variance is lower than in studies with longer time-frames. The affect-related effects on satisfaction possibly have a curvilinear relationship with the time-frame used, increasing in intensity up to a point and then decreasing again. Such a relationship suggests that, at the momentary level, satisfaction might behave in a more stochastic manner, allowing for transient events/data which are not necessarily affect-related to affect it.

Neuroscience and Ethics

2017 ◽  
Vol 64 (2) ◽  
pp. 82-92 ◽  
Author(s):  
S. Matthew Liao
Keyword(s):  
Empirical Evidence ◽  
Moral Judgments ◽  
Empirical Results ◽  
Joshua Greene

Abstract. A number of people believe that results from neuroscience have the potential to settle seemingly intractable debates concerning the nature, practice, and reliability of moral judgments. In particular, Joshua Greene has argued that evidence from neuroscience can be used to advance the long-standing debate between consequentialism and deontology. This paper first argues that charitably interpreted, Greene’s neuroscientific evidence can contribute to substantive ethical discussions by being part of an epistemic debunking argument. It then argues that taken as an epistemic debunking argument, Greene’s argument falls short in undermining deontological judgments. Lastly, it proposes that accepting Greene’s methodology at face value, neuroimaging results may in fact call into question the reliability of consequentialist judgments. The upshot is that Greene’s empirical results do not undermine deontology and that Greene’s project points toward a way by which empirical evidence such as neuroscientific evidence can play a role in normative debates.

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