Stakeholder Theory Perspective Research Articles

Strategic corporate social responsibility in the tourism and hospitality industry: Conceptual proposal

Considering the growing significance of CSR in the corporate world, this study critically reflects the extant CSR literature and CSR practices, and proposes a conceptual CSR framework, called Strategic CSR, to highlight the importance of developing and implementing CSR practices that can create and optimize both social and business value. Strategic CSR incorporates four existing concepts and frameworks: creating shared value, enlightened stakeholder theory, resource-based theory, and CSR fit perspective. The essential argument for Strategic CSR is that businesses should develop and implement CSR practices that are directly related to the businesses’ core operations and competencies. This study also discusses several additional important issues to consider in developing and implementing Strategic CSR to enhance the understanding of the framework along with tourism and hospitality industry examples. This study conducted survey of which results generally support the proposed framework. Lastly, the study suggests several research directions for CSR scholars.

Revealing Key Factors and Obstacles in Reverse Logistics from a Stakeholder Theory Perspective

Revealing Key Factors and Obstacles in Reverse Logistics from a Stakeholder Theory Perspective

Disruptive innovation disclosure practices: Do board characteristics, ownership structure, and investor matter?

Research aims: This study aims to analyze the effect of board characteristics, ownership structures, and investors on disruptive innovation disclosure in the annual reports of companies in Indonesia.Design/Methodology/Approach: This study used 237 cross-section data from 237 companies in the manufacturing sectors. The dependent variable in this study was obtained by analyzing the content of the company's annual report. The hypothesis in this study was then tested using multiple linear regression.Research findings: The regression test results revealed that foreign ownership affected the disclosure of disruptive innovation in manufacturing companies. Other variables, such as characteristics of the board of commissioners, members and investors, did not affect the disclosure of disruptive innovation in manufacturing companies.Theoretical contribution/Originality: Disclosure of disruptive innovation is rarely done, but this study looks at disclosure from the stakeholder theory perspective in manufacturing companies.Research limitation/Implication: This study was only limited to manufacturing companies. Meanwhile, other companies are expected to be studied in further research. In addition, more observation data can be added to strengthen the research results.

Developing resilience strategies amid supply chain risks in the automotive industry: A stakeholder theory perspective

AbstractManaging automotive supply chain risks contributes to achieving sustainability goals, including ensuring business continuity, maintaining production and delivery schedules, and reducing environmental impact. Therefore, this study aims to investigate the risks confronting the supply chain in the automotive industry through the moderating effect of reactive and proactive resilience strategies. The stakeholder theory perspective was used in this study to examine supply chain risk in the automotive industry. A quantitative method was employed, resulting in 157 valid responses. The results reveal that demand risk had the most significant effect on auto dealer performance, followed by logistics/transportation, production, and supply risk. Notably, proactive resilience strategies were found to significantly impact the relationship between risk and performance. The findings underscore the importance of proactive measures in mitigating the performance impacts of supply chain risk. This study contributes a theoretical framework by identifying four major supply chain risks and seven proactive and 12 reactive strategies. In addition, the study was conducted through the lens of stakeholder theory, emphasizing the importance of suppliers, manufacturers, and dealers cooperating to establish a reliable supply chain.

Synchromodal transport vs. conventional hinterland transport: a stakeholder theory analysis

ABSTRACT Synchromodality aims to reduce costs, emissions and delivery times by offering a flexible and adaptive mode choice and seamless integration of transport modes, both horizontally and vertically. The concept, which has hardly been applied in practice, poses significant requirements for the involved stakeholders and their interactions. However, there has been limited research on how stakeholder dynamics should be shaped and adapted compared to the conventional hinterland transport stakeholder dynamics to facilitate synchromodal transport. Our study fills this gap by presenting an overview of the stakeholders that should be involved in synchromodality, their decision-making responsibilities and relations (referred to as stakeholder dynamics), illustrated in a conceptual synchromodal stakeholder network. Then, this network is compared to the conventional port-hinterland transport stakeholder network, which is the transport chain in which synchromodality is likely to be applied. To this end, this paper analyses and integrates literature on three topics: synchromodality, stakeholder dynamics in the port-hinterland transport chain and stakeholder theory. Our analysis reveals that facilitating synchromodal transport necessitates adaptations such as the inclusion of additional stakeholder roles, the delegation of decision-making power, and the evolution towards collaborative relationships. However, examining these requirements through the lens of stakeholder theory exposes significant complexities, such as an increased risk of opportunism, thereby giving rise to the formulation of an extensive future research agenda. The findings were tested against industry experts’ views in a workshop and focus group. This analysis should enhance the understanding of synchromodal stakeholder dynamics and its challenges from a stakeholder theory perspective, contributing to further developing dynamic stakeholder management strategies.

Can Chinese‐style trade unions promote corporate philanthropy? A stakeholder theory perspective

AbstractCorporate philanthropy is an important form of fulfilling social responsibility and improving social income distribution systems. Unlike Western trade unions, Chinese trade unions have government‐like functions. This study discusses whether Chinese‐style trade unions help promote corporate philanthropy. Based on stakeholder theory, this study examines the philanthropic effects of Chinese‐style trade unions using data from the Chinese Private Enterprises Survey and employs methods such as the Treatment Effect Model, Instrumental Variables Method, and Propensity Score Matching. The results show that unions with government‐like functions can significantly incentivize firms to engage in philanthropic activities and that this effect encourages start‐ups and well‐funded firms, which enriches and expands the research on the functions of unions. Trade unions can help enterprises gain political connections and promote a sense of corporate social responsibility, thus enhance corporate philanthropy. In addition, female leaders are more likely than male leaders to promote the positive impact of unions on corporate philanthropy. This study not only expands the literature on union functions and the antecedents of corporate philanthropy, but also enriches the discussion on the synergies among multiple stakeholders in stakeholder theory and the role of gender in the field of management.

Sustainable practices in last-mile logistics of small Brazilian e-retailers: an analysis using an MCDM approach

ObjetivosEl objetivo es contribuir al desarrollo de estrategias mediante la identificación de prácticas sostenibles. Por lo tanto, la investigación tiene un doble objetivo: revelar las prácticas de sostenibilidad integradas en las actividades logísticas de última milla de minoristas de comercio electrónico, analizar las interrelaciones entre estas prácticas y categorizarlas según su importancia para los pequeños minoristas de comercio electrónico en Brasil.MetodologíaSe llevó a cabo un mapeo de la literatura para identificar prácticas de sostenibilidad en las actividades de última milla adoptadas por minoristas en línea, lo que llevó a la propuesta de un metamodelo. Un total de 67 artículos forman parte de la muestra final. Posteriormente, el estudio aplicó la técnica de toma de decisiones multicriterio Decision-Making Trial and Evaluation Laboratory (DEMATEL) para estructurar el problema de investigación mediante análisis de causa y efecto entre las prácticas, con el objetivo de priorizar las prácticas críticas.ResultadosEl resultado indica una fuerte dependencia de prácticas económicas para implementar la sostenibilidad en la logística de última milla. En la dimensión económica de la sostenibilidad, los costes operacionales y la calidad de los servicios son variables de efecto y presentan una fuerte correlación.OriginalidadLa originalidad de esta investigación radica en identificar prácticas de sostenibilidad económica, social y ambiental adoptadas por minoristas en línea en los procesos logísticos de última milla. Además, el estudio se centra en el segmento minorista de comercio electrónico a pequeña escala, un área poco explorada en el contexto brasileño. Por último, el metamodelo propuesto contribuye a abordar prácticas desde la perspectiva de la Teoría de los Stakeholders y el enfoque de Sostenibilidad.Limitaciones/implicaciones para la investigaciónEl artículo proporciona contribuciones teóricas al abordar dos áreas complementarias de conocimiento: la Teoría de los Stakeholders y la Sostenibilidad, alineándose también con las directrices de la Iniciativa de Reporte Global (GRI). En términos prácticos, destaca al ofrecer ideas valiosas sobre la implementación de estrategias sostenibles al identificar prácticas económicas, ambientales y sociales en la logística de última milla, particularmente en el contexto de las pequeñas empresas en el segmento minorista en línea.Implicación prácticaLos resultados ayudan a los minoristas electrónicos a reevaluar los procesos logísticos de última milla desde una perspectiva de sostenibilidad. Este estudio pretende contribuir el avance del conocimiento de la literatura actual sobre la adopción de prácticas sostenibles en pequeñas empresas de comercio electrónico.Implicación socialTeniendo en cuenta que uno de los pilares de la sostenibilidad es el compromiso con el desarrollo social, este estudio contribuye a comprender la visión de los pequeños minoristas electrónicos sobre los trabajadores independientes encargados de la entrega de mercancías.

Corporate business strategy, CEO's managerial ability, and environmental disclosure: The perspective of stakeholder theory

Corporate business strategy, CEO's managerial ability, and environmental disclosure: The perspective of stakeholder theory

Materiality and stakeholder engagement in sustainability reporting: does it matter?

Materiality analysis and stakeholder engagement are crucial processes in sustainability reports which aim to identify material issues and prioritize them based on stakeholder interests. Subjectivity in the process of determining materiality and stakeholder engagement can affect the quality of sustainability reports because management can determine the information to be published and eliminate negative information related to sustainability. This research aims to investigate the influence of board of directors’ activity, presence of independence commissioners, company financial performance, and size on materiality disclosure and stakeholder engagement in mining companies in Indonesia. Content analysis and multiple regression analysis were carried out on 70 sustainability reports. The research results show that the involvement of the board of directors and the quantity of board members have a positive and significant effect, while the presence of independence commissioners and company size do not have a significant effect on materiality and stakeholder disclosure. It is noteworthy that disclosing materiality in sustainability reports is a crucial aspect of business practices, irrespective of the company’s financial status or size. This research contributes to the disclosure of materiality and stakeholder involvement in the reporting of companies operating in Indonesia from the perspective of stakeholder theory and legitimacy theory.

Differences Across Generations in the Perception of the Ethical, Social, Environmental, and Labor Responsibilities of the Most Reputed Spanish Organizations

The implementation of integrated corporate communications can be challenging for organizations owing to three main requirements: (i) genuinely committing with corporate social responsibility (CSR) beyond product profitability,(ii) effectively integrating the UN 2030 Agenda, and (iii) meeting the expectations of a wide variety of stakeholders, particularly those belonging to the younger generations. Generation Z is a particularly relevant generation marked by a context of ongoing technological, information, and social changes, as well as financial, pandemic, and war crises. The objective of this study is to analyze how the ethical, environmental, social, and labor responsibilities of the most reputed Spanish organizations are perceived by different generations, with a special focus on Generation Z. To do so, a nationwide survey was conducted among Spanish adults (N = 5,087) and an analysis of variance (ANOVA) test was applied to identify dissimilarities across generations. Findings show that Generation Z assesses CSR dimensions more positively than the other three generations. Also, women of the two older generations (Boomers and Generation X) assess CSR dimensions more positively than men, while there are no significant gender differences in Millennials and Generation Z. From a Generation Theory perspective, these findings represent a turning point in thetheoretical rationale that correlates age with the acceptance of organizations’ labor and social commitment. From a Stakeholder Theory perspective, since this study is conducted on the most reputed Spanish organizations, reputation can be hypothesized to be a mediating variable when it comes to engaging with younger generations within the integrated communication paradigm. Although it is important to note that our study did not investigate the underlying reasons for these differences in perception, our findings demonstrate that generational and gender differences in CSR perception exist and that companies should take this into account when developing and communicating their CSR programs.

Accountability of Shadow Puppet Performances as Evidence of Surakarta's Local Wisdom: Perspective of Stakeholder Satisfaction

This study explores how the accountability of shadow puppets in performances using the perspective of stakeholder theory is related to accountability, so that it can be in accordance with the principle of accountability, where in every organization and stakeholders get satisfaction as in stakeholder theory. Wayang performance as a noble value in the culture of local wisdom in Surakarta in particular, is expected to run sustainably and sustainably, namely by paying attention to the stakeholders in it, namely sinden, pins, niyaga, pangrawit and sound system workers, whether it has run well according to rights and obligations. The respondents selected include: sinden, pins, niyaga, pangrawit and sound system workers. The results of this research are formed from satisfaction outside finance, among others: developing a noble culture, harmonious guyub and nerimo ing pandum to become a strong foundation for art actors to maintain the wayang tradition in the midst of the onslaught of the era of globalization and modernization. Art actors, who in this case are stakeholders of puppet performances, uphold mutual cooperation, help each other and leave the results to the creator. The distribution of work responsibilities in wayang does not only depend on the puppeteer but can be transferred to pins and sinden, but for the distribution of honorarium the puppeteer plays a role and is fully responsible for his internal stakeholders such as pins, niyaga and sinden. The principle of loyalty is reflected in internal stakeholders in shadow puppets. Commitment, right promise is reflected in the sincerity of an artist in living the shadow puppet culture, this is what makes wayang performances have a high existence and are able to survive, sustainable in an era that is all digitalization.

Contract farming in transitional economies: A stakeholder theory perspective

Abstract In transitional economies, contract farming is widely recognized as a means for addressing numerous market failures affecting small farmers. Reviewing the scholarship on contract farming, we show that its traditional understandings have been framed by the narratives of transaction cost economics and power dynamics. We critically evaluate these narratives and demonstrate how stakeholder theory, with its relational understanding of business, offers a more comprehensive understanding of contract farming. We argue that a stakeholder theory perspective underscores the trust-based and collaborative nature of successful contract farming arrangements. It highlights the importance of informal and moral stakeholder relationships that compensate for the limitations of weak enforcement mechanisms and inadequate legal frameworks in transitional economies. This way, a stakeholder theory perspective on contract farming highlights its strategic management and business ethics dimensions, offering valuable guidance for cultivating successful stakeholder relationships.

Exploring the Evolution Mechanisms of Social Risks Associated with Urban Renewal from the Perspective of Stakeholders

The urban renewal (UR) process involves various stakeholders and related activities, and the various risks arising from this endeavor can affect these stakeholders. Additionally, the impact of adverse factors such as policy discontinuity and inequitable distribution of benefits among stakeholders can easily result in collective tensions or conflicts, as well as the gradual emergence of potential social frictions and confrontations. These social risks (SRs) not only impede the smooth execution of urban renewal projects but also pose challenges to social harmony and stability. Hence, to mitigate and control the SRs in the UR process (URSRs) and ensure the successful implementation of effective and sustainable UR projects, it is of paramount importance to gain a comprehensive understanding of the occurrence and evolution mechanisms of these SRs. Although existing studies have touched upon the influence of stakeholder conflicts on URSRs, there remains a lack of systematic examination of the evolution mechanisms of these risks from the perspective of stakeholder theory. The resulting fragmented and specialized comprehension of URSRs has hindered the effectiveness of risk governance strategies. This study adopts stakeholder theory to analyze the potential sources of risk throughout the entire UR process. By considering the conflicts of interests among stakeholders, a systematic analysis of the evolution mechanisms of URSRs is explored and targeted governance recommendations for URSRs are proposed.

Attribution and path analysis of punishment dilemma in primary and secondary school education from the perspective of stakeholder theory

Attribution and path analysis of punishment dilemma in primary and secondary school education from the perspective of stakeholder theory

Carbon Emission Disclosure by Non-Financial Companies in Indonesia: A Perspective of Stakeholder Theory

Carbon Emission Disclosure by Non-Financial Companies in Indonesia: A Perspective of Stakeholder Theory

Corporatization of Public Libraries in Taiwan: Stakeholder Theory Perspective

ABSTRACT This study explores the transition of public libraries to administrative corporations through the lens of stakeholder theory. It positions public libraries as pivotal institutions harboring extensive collections vital for fostering educational and cultural growth. Focusing on the Kaohsiung Public Library in Taiwan as a case study, this research highlights successful tactics adopted during its shift toward administrative corporatization. Such a transformation aligns with the strategic objectives of governments, stakeholders, and communities at large. By applying stakeholder theory, the study investigates the broader societal contributions of administratively corporatized public libraries, their role in advancing public library services amidst organizational changes, and their capacity to augment the distinctiveness of urban landscapes.

RESEARCH ON THE IMPACT OF DIGITAL TRANSFORMATION ON ENTERPRISE ESG PERFORMANCE

This paper analyzes the impact of digital transformation on corporate ESG (environmental, social, and governance) performance based on the dynamic capability theory of enterprises and the stakeholder theory perspective and conducts empirical tests based on the data of Chinese A-share listed companies in Shanghai and Shenzhen from 2009 to 2022. Before, researchers mostly looked at overall ESG performance. This paper, on the other hand, starts by looking at overall ESG performance and then goes on to look at each of the three ESG dimensions (E, S, and G). It then does a subdimensional refinement to see how digital transformation affects the different dimensions of ESG performance and then checks how the company's ability to innovate in green technology affects the subdimension of ESG performance. This paper puts digital transformation and ESG performance in the same analytical framework, and from the perspective of digital transformation, it puts forward targeted insights and suggestions to improve the ESG performance of Chinese enterprises, providing theoretical support and empirical evidence to promote the practice of ESG development in Chinese enterprises.

Investigating supply chain participants’ circular economy action effects on firm financial performance from a stakeholder theory perspective

The circular economy (CE) model has recently emerged and been practiced by many firms due to pressure for desirability of sustainability. It is important for researchers and practitioners to understand the effects of firms' CE actions on their own and their supply chain partners' financial performance to better implement CE practices. However, existing literature has not analyzed the impact of firms' CE actions from a holistic supply chain framework to find how a firm's CE actions affect its supply chain partners' financial performance. In this study, we investigate this issue from the stakeholder theory perspective with empirical evidence from the China Stock Market and Accounting Research database and the Chinese Research Data Services Platform database for 2006–2021 to perform regressions. Our findings suggest a firm's CE actions have both a positive direct effect to improve its own financial performance and a spillover effect to enhance its partners' (i.e., suppliers' and customers') financial performance. Additionally, a higher supply chain concentration level strengthens the CE direct effect. Further, we find a positive moderating influence of industry competition on stimulating the CE direct effect and its positive moderating effect on the spillover effect of downstream customers' CE efforts on the financial performance of the focal firms. Our findings urge firms to implement and encourage their partners to make CE efforts to enhance their financial performance. Firms should also strengthen centralized purchasing and supply with downstream partners to utilize the amplified CE efforts' effect, particularly when they face fierce competition.

Does environmental, social, and governance practice boost corporate human capital inflow in China? From the perspective of stakeholder response

AbstractFew studies have answered how different stakeholders' responses to environmental, social, and governance (ESG) practice, including creditors, investors, and media, influence the relationship between ESG practice and high‐quality job‐seekers, which is reflected in corporate human capital inflow. Therefore, we analyze the nexus above theoretically from the perspective of stakeholder theory and examine empirically whether corporate ESG practice can promote corporate human capital inflow, drawing on 8924 firm‐year observations of Chinese‐listed companies during 2011–2020. The findings demonstrate that ESG practice stimulates corporate human capital inflow, which is enhanced when economic policy uncertainty, debt costs, equity costs, or the proportion of female directors is high, whereas weakened when the negative media coverage is high. Further research finds that an underlying mechanism, via corporate visibility, ESG practice can prompt corporate human capital inflow and that the elevating role is more significant in non‐state‐owned or non‐manufacturing enterprises than in state‐owned or manufacturing. Overall, our findings provide a new standpoint to comprehend the interaction of different stakeholder's responses to ESG practice, which enables scholars and managers to understand ESG practice and its effects better.

Environmental, social, and governance performance and corporate innovation novelty

Environmental, social, and governance (ESG) performance, along with the novelty of innovation, are significant factors in promoting sustainable development for corporations. This study employs the Heckman two-stage model to examine the impact of ESG performance on innovation novelty using a dataset comprising A-share listed companies in the Shanghai and Shenzhen Stock Exchanges from 2011 to 2020. The results indicate that enhanced ESG performance significantly fosters innovation by expanding innovation resources and mitigating agency problems. Further analysis reveals that this relationship is more pronounced under high economic policy uncertainty, a challenging information environment, elevated financing constraints, and in the context of digital transformation. This study not only expands the research on the economic implications of ESG performance for enterprise innovation behavior but also places a distinct emphasis on innovation quality rather than quantity. Additionally, this study enriches the existing literature on the factors influencing innovation novelty and extends research into the link between environmental protection and firm innovation, particularly from the perspective of stakeholder theory. Furthermore, this study holds practical significance for governments aiming to enhance ESG evaluation systems and establish guiding policies that encourage novel innovations, ultimately contributing to sustainable and high-quality development. Simultaneously, this study provides guidance to enterprises by encouraging them to embrace green development, improve social responsibility, and elevate their governance standards to promote innovation quality.