Who or what really counts? The application of BASEClass for stakeholder evaluation and classification

Khedmatgozar, Hamid Reza; Namdarian, Leila; Rasuli, Behrooz

doi:10.1108/md-06-2022-0805

Cited by 3 publications

(1 citation statement)

References 91 publications

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“…This strategy is consistent with the management of stakeholders method (Kim et al, 2021; Rubio‐Mozos et al, 2020), which bases prioritization on the important stakeholders. The fundamental drawback of this strategy is that managers make decisions only based on their assessment of the salience of stakeholders (Khedmatgozar et al, 2023), without taking into account the perspectives of those stakeholders. Demand‐based engagement prioritizes engagements according to the resources they will need (Numminen et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

RETRACTED: Sustainable stakeholder participation planning on the basis of analysis of competing project interest

Sivalingam,

Ramaswamy

2024

Financ Manag Account

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Sustainability has become more than just an aspiration in business. It has become an integral part of business strategy and decision‐making. Organizations have realized that adhering to sustainability with its impact on multi‐facets can drive business success. Long‐term growth requires an understanding of the relationships between people and their surroundings. Engagement of stakeholders is essential for planning, designing, implementing, and ensuring the efficacy of programmes. Due to the requirement for sustainability and the engagement of a greater stakeholder range in project planning, the project plan complexity is growing. The lack of or insufficient engagement of stakeholders throughout the project life cycle, particularly in the early phases of implementation and planning, frequently has a detrimental effect on the intended project performance. Effective stakeholder engagement is essential to counterbalance the combined effects of a lack of contextual knowledge by stakeholders and a lack of support in the field. However, this integration encounters difficulties such as resource restrictions and competing stakeholder interests. To encourage stakeholder engagement with the initiatives, project resources may be allocated based on the relative importance of competing areas. This study intends to establish a Stakeholder Engagement Framework (SEF) to increase the effectiveness of stakeholder engagement in projects by systematically evaluating potential conflicts and integrating the perspectives of stakeholders and the project management team. To do this, we use fuzzy logic inputs to account for ambiguities throughout the project life cycle, as well as stakeholder theory, value‐based management, matrix‐based dependency modeling, and total quality management to provide a framework for stakeholder participation. Then we implement the suggested SEF methodology to organize stakeholder participation for a green building project. The suggested framework will promote stakeholder participation under long‐term goals for project managers by identifying potential conflicts of interest.

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Section: Introductionmentioning

confidence: 99%

RETRACTED: Sustainable stakeholder participation planning on the basis of analysis of competing project interest

Sivalingam,

Ramaswamy

2024

Financ Manag Account

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Who’s in and who’s out? Reading stakeholders and priority issues from sustainability reports in Turkey

Hoştut,

van het Hof,

Aydoğan

et al. 2023

Humanit Soc Sci Commun

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This research aims to discover trends regarding stakeholders in sustainability reports. It questions the patterns or trends in addressing stakeholders, based on the assumption that the more a stakeholder is mentioned, the more importance is attached to it. Quantitative content analysis was conducted on a dataset of 179 sustainability reports published between 2004 and 2019 by 26 companies traded in Borsa Istanbul. All stakeholders disclosed in the sustainability reports were coded to create lists and groups, and the changes in stakeholder lists over time were presented. The research identified 102 stakeholders classified into 16 groups. The categorization is a crucial step in the stakeholder identification process as it reveals the hierarchy between stakeholders. By applying a time-series analysis, it was found that companies increasingly valued their employees, making occupational health and safety, diversity and equal opportunity, and talent management as top strategic issues in the Turkish context. This study makes a unique contribution to both the existing stakeholder literature and sustainability reporting within the Turkish context. It offers a pioneering longitudinal analysis of long-term stakeholder representation for listed companies in Turkey, breaking new ground in this area of research.

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Does aural accounting improve the stakeholder relationship capability?

Nouri,

Safari Gerayli,

Givaki

et al. 2024

ARJ

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Purpose The aim of this study is to examine the effect of aural accounting (AA) on companies’ stakeholder relationship capability in the Iranian capital market. Design/methodology/approach In terms of methodology, this study adopts a mixed approach based on both inductive and deductive foundations. The goal is to develop a comprehensive theoretical framework regarding the feasibility and practical implementation of AA and to assess its impact on the ability to interact with stakeholders. In this research, the components of AA were identified through a meta-synthesis process. Subsequently, data on these variables were collected using a researcher-made questionnaire. Additionally, a standard questionnaire was used to measure the stakeholders' interaction capability. The study used partial least squares structural equation modeling for hypothesis testing. A total of 412 participants, consisting of financial managers and heads of accounting departments of capital market companies, were involved in hypothesis testing. Findings The results of this study indicate that AA has a significant and positive impact on companies’ stakeholder relationship capabilities. In other words, AA establishes a bidirectional flow of information, enabling companies to demonstrate a more appropriate response to the changing needs of their stakeholders. Originality/value To the best of the authors’ knowledge, this study represents the first research to present a framework for AA and examine its impact on companies' interaction capabilities with stakeholders. Consequently, the findings not only contribute to the expansion of theoretical literature in accounting and financial reporting but also provide multiple practical implications for capital market policymakers and standard setters regarding the potential consequences of AA.

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Who or what really counts? The application of BASEClass for stakeholder evaluation and classification

Cited by 3 publications

References 91 publications

RETRACTED: Sustainable stakeholder participation planning on the basis of analysis of competing project interest

RETRACTED: Sustainable stakeholder participation planning on the basis of analysis of competing project interest

Who’s in and who’s out? Reading stakeholders and priority issues from sustainability reports in Turkey

Does aural accounting improve the stakeholder relationship capability?

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