Journal of Business Ethics 160 (4):913-936 (2018)

Is there a link between how a firm manages its internal and external stakeholders? More specifically, are firms that give employees stock ownership and more say in running the enterprise more likely to engage with external stakeholders? This study seeks to answer these questions by elaborating on mechanisms that link employees to external stakeholders, such as the community, suppliers, and the environment. It tests these relationships using a sample of 347 private, mostly small-to-medium size firms, which completed a stakeholder impact assessment organized by the non-profit B Lab. The results support the hypotheses that both employee ownership and employee involvement are positively associated with external stakeholder engagement. Further, we found that certification plays a role, as employee ownership contributes to external stakeholder engagement only in certified B Corporations, and not in firms that merely completed the B Lab Impact assessment. Our findings have import for stakeholder engagement frameworks, as we show that there is interplay between internal employee stakeholders and external stakeholders that may be important to overall firm–stakeholder management.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Reprint years 2019
DOI 10.1007/s10551-018-3924-0
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 70,091
External links

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

Stakeholder Theory and A Principle of Fairness.Robert A. Phillips - 1997 - Business Ethics Quarterly 7 (1):51-66.

View all 27 references / Add more references

Citations of this work BETA

Add more citations

Similar books and articles

A Puzzle in SRI: Stakeholders in the Mist.Jos Leys & Wim Van Opstal - 2009 - Philosophy of Management 8 (3):81-96.


Added to PP index

Total views
21 ( #534,534 of 2,506,349 )

Recent downloads (6 months)
1 ( #416,997 of 2,506,349 )

How can I increase my downloads?


My notes