Stakeholder governance: how stakeholders influence corporate decision making

Spitzeck, Heiko; Hansen, Erik G.

doi:10.1108/14720701011069623

Cited by 135 publications

(90 citation statements)

References 49 publications

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“…Thus, the private owners of the socially responsible firms take as exogenously given the level of ''social concern'', k, given, for instance, by the ''customary toughness'' of the stakeholders incorporated in the firm's objective function. This is coherent with the results of the empirical study of Spitzeck and Hansen (2010), who find that the stakeholder engagement mechanism is mainly confined to ''dialogue and issues'' advisory, while the ''structural'' strategic choices (i.e. different from the output choices) of the company are outside their sphere.…”

Section: The Modelsupporting

confidence: 75%

Corporate social responsibility, profits and welfare with managerial firms

Fanti

Buccella

2017

Int Rev Econ

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This paper analyses the equilibrium outcomes in a duopoly market where firms follow corporate social responsibility (CSR) behaviours under managerial delegation. It is shown that in the subgame perfect Nash equilibrium of the game, both firms emerge as CSR-type, and the firms' profitability (resp. the welfare of consumers and society) are beneficiated (resp. harmed) by the CSR behaviour. This result is in sharp contrast with the conventional result (established under nonmanagerial firms) that the higher the CSR sensitivity to consumer surplus, the lower (resp. higher) the firms' profitability (resp. the consumer surplus and social welfare).

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Section: The Modelsupporting

confidence: 75%

Corporate social responsibility, profits and welfare with managerial firms

Fanti

Buccella

2017

Int Rev Econ

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“…Consequently, the present model assumes that the private owners of the CSR firm takes as exogenously given the level of ''social concern'', k, by the stakeholders' "customary toughness" integrated in the firm's objective function. This is coherent with the findings of the empirical study of Spitzeck and Hansen (2010). According to those authors, the engagement mechanism of the stakeholders is usually circumscribed to "dialogue & issues" advisory.…”

Section: The Modelsupporting

confidence: 70%

Profit raising entry effects in network industries with Corporate Social Responsibility

Fanti

Buccella

2017

Econ Bus Lett

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This note investigates the possibility of profit raising entry in network industries where firms follow Corporate Social Responsibility (CSR) behaviours, showing the interaction between the network and CSR features. In particular, for high levels of the network effect, an incumbent's profits raising entry effect occurs. The latter result is at odds with the conventional wisdom and shows another channel the preceding literature has so far not explored for the possibility of a profit raising entry.

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“…Predictions of more frequent global economic crises in the coming century lead to reflection on drawing stakeholders closer together because these determine the success or failure of companies (Spitzeck & Hansen, 2010). In particular, this action contributes to goal attainment and improved innovation (Diochon, 2010).…”

Section: Discussionmentioning

confidence: 99%

“…It is confirmed that companies with top performance in innovation and goal-attainment are correlated with processes that promote entrepreneurship. Spitzeck and Hansen (2010) note that global financial crises have adversely affected the 20th century with greater frequency. Additionally, they identify stakeholders as indispensable to businesses, which leads them to study the relationship between the two in Europe, where they find that stakeholders are given a voice in strategic, managerial, and operational issues.…”

Section: Crises and Scandalsmentioning

confidence: 99%

Corporate Governance: International Context and Trends from 2005 to 2015

Jaimes-Valdez¹,

Hernández²,

Ochoa-Jimenez³

2017

IJBM

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Corporate governance is a topic that in recent years has been related to fraud and economic crises, which could be reasons for pessimism; however, this study views it as an opportunity to improve the organizational environment. Therefore, this exploratory study is conducted with the purpose of identifying the context in which corporate governance occurs and potential international trends. The review of the literature indicates that corporate governance codes based on the model of insider information are gradually being replaced by American and British models, which are characterized by democracy, transparency, and accountability. Similarly, there is emphasis on the importance of bringing organizations and interest groups closer together and building consensus to develop activities that are in the common interest and that provide benefits to all. Finally, further studies are recommended to improve national and international standards concerning corporate governance with the aim of balancing the interests of organizations and their stakeholders.

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Stakeholder governance: how stakeholders influence corporate decision making

Cited by 135 publications

References 49 publications

Corporate social responsibility, profits and welfare with managerial firms

Corporate social responsibility, profits and welfare with managerial firms

Profit raising entry effects in network industries with Corporate Social Responsibility

Corporate Governance: International Context and Trends from 2005 to 2015

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