David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 89 (4):491 - 507 (2009)
This article is a first attempt to line out the conditions under which executives might have a real self-interest in pursuing a broad stakeholder management (SM) orientation to enlarge their power. We suggest that managers have wider latitude of action under an SM approach, even when this is instrumental to financial performance. The causally ambiguity of the performance effects of idiosyncratic relationships with stakeholders not only makes SM strategy difficult for competitors to imitate but also increases managerial discretion. When managers use this situation for their own benefit, they can undermine the purported goals of the SM approach. By analyzing some of the factors that might lead to such disfunctionalities, this article advances a theory of the potential dark side of SM.
|Keywords||causal ambiguity corporate governance managerial discretion stakeholder management stakeholder theory|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Bradley R. Agle & Ronald K. Mitchell (2008). Introduction: Recent Research and New Questions. Business Ethics Quarterly 18 (2):153-159.
Pascual Berrone, Jordi Surroca & Josep A. Tribó (2007). Corporate Ethical Identity as a Determinant of Firm Performance: A Test of the Mediating Role of Stakeholder Satisfaction. [REVIEW] Journal of Business Ethics 76 (1):35 - 53.
Ron Bird, Anthony D. Hall, Francesco Momentè & Francesco Reggiani (2007). What Corporate Social Responsibility Activities Are Valued by the Market? Journal of Business Ethics 76 (2):189 - 206.
Amitai Etzioni (1998). A Communitarian Note on Stakeholder Theory. Business Ethics Quarterly 8 (4):679-691.
Irene Goll & Abdul A. Rasheed (2004). The Moderating Effect of Environmental Munificence and Dynamism on the Relationship Between Discretionary Social Responsibility and Firm Performance. Journal of Business Ethics 49 (1):41-54.
Citations of this work BETA
Samantha Miles (2012). Stakeholder: Essentially Contested or Just Confused? [REVIEW] Journal of Business Ethics 108 (3):285-298.
Javier Delgado-Ceballos, Juan Alberto Aragón-Correa, Natalia Ortiz-de-Mandojana & Antonio Rueda-Manzanares (2012). The Effect of Internal Barriers on the Connection Between Stakeholder Integration and Proactive Environmental Strategies. Journal of Business Ethics 107 (3):281-293.
Olubunmi Faleye & Emery A. Trahan (2011). Labor-Friendly Corporate Practices: Is What is Good for Employees Good for Shareholders? [REVIEW] Journal of Business Ethics 101 (1):1 - 27.
Similar books and articles
Yves Fassin (2009). The Stakeholder Model Refined. Journal of Business Ethics 84 (1):113 - 135.
Mark Starik (1995). Should Trees Have Managerial Standing? Toward Stakeholder Status for Non-Human Nature. Journal of Business Ethics 14 (3):207 - 217.
Esben Rahbek Gjerdrum Pedersen (2011). All Animals Are Equal, but …: Management Perceptions of Stakeholder Relationships and Societal Responsibilities in Multinational Corporations. Business Ethics 20 (2):177-191.
Abe Zakhem (2008). Stakeholder Management Capability: A Discourse–Theoretical Approach. [REVIEW] Journal of Business Ethics 79 (4):395 - 405.
Dima Jamali (2008). A Stakeholder Approach to Corporate Social Responsibility: A Fresh Perspective Into Theory and Practice. [REVIEW] Journal of Business Ethics 82 (1):213 - 231.
Jane Wei-Skillern (2004). The Evolution of Shell's Stakeholder Approach. Business Ethics Quarterly 14 (4):713-728.
Sara A. Morris (1997). Internal Effects of Stakeholder Management Devices. Journal of Business Ethics 16 (4):413-424.
Brian Harvey & Anja Schaefer (2001). Managing Relationships with Environmental Stakeholders: A Study of U.K. Water and Electricity Utilities. [REVIEW] Journal of Business Ethics 30 (3):243 - 260.
Julia Roloff (2008). Learning From Multi-Stakeholder Networks: Issue-Focussed Stakeholder Management. [REVIEW] Journal of Business Ethics 82 (1):233 - 250.
Added to index2009-01-28
Total downloads6 ( #203,263 of 1,100,757 )
Recent downloads (6 months)5 ( #58,638 of 1,100,757 )
How can I increase my downloads?