Intra-stakeholder alliances in plant-closing decisions: A stakeholder theory approach

2016 ◽  
Vol 26 (2) ◽  
pp. 97-111 ◽  
Author(s):  
Yves Fassin ◽  
Simone de Colle ◽  
R. Edward Freeman
Keyword(s):  
Stakeholder Theory ◽  
Theory Approach ◽  
Plant Closing

Integrating instrumental and normative stakeholder theories: a systems theory approach

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vladislav Valentinov ◽  
Anna Hajdu
Keyword(s):  
Systems Theory ◽  
Stakeholder Theory ◽  
Institutional Economics ◽  
Social Systems ◽  
Modern Society ◽  
Function System ◽  
Theory Approach ◽  
Content Type ◽  
For Profit ◽  
Economic Function

Purpose The stakeholder theory encompasses instrumental and normative varieties whose mutual relationship remains unclear and exhibits a classic tension between rational self-interest and moral motivation. The purpose of this paper is to develop a strategy for navigating this tension. Design/methodology/approach Niklas Luhmann’s social systems theory is concerned with the limited ability of social systems to codify, and be receptive to, the complexity of the environment. Drawing on this theory, the paper juxtaposes the codification problems of two types of social systems: the for-profit firm and the economic function system. Findings This juxtaposition allows to identify four firm behavior patterns, two of which can be aligned with instrumental and normative stakeholder theories. If the codification capacity of the economic function system is assumed to be sufficient, the codification problems of the for-profit firm are shown to specify the range of applicability of the instrumental stakeholder theory. Dropping the above assumption is shown to specify the range of applicability of the normative stakeholder theory. Originality/value The argument offers a fresh way of understanding the institutional economics foundations of the stakeholder theory. Given that the systems-theoretic idea of codification reflects the functioning of the real-world institutions, the argument shows that both instrumental and normative stakeholder theories reflect the institutional texture of the modern society in distinct but equally legitimate ways.

scholarly journals Why Do Firms in Emerging Markets Report? A Stakeholder Theory Approach to Study the Determinants of Non-Financial Disclosure in Latin America

2018 ◽  
Vol 10 (9) ◽  
pp. 3111 ◽  
Author(s):  
Ignacio Duran ◽  
Pablo Rodrigo
Keyword(s):  
Latin America ◽  
Stakeholder Theory ◽  
Latin American ◽  
Conceptual Development ◽  
Developed Countries ◽  
Financial Disclosure ◽  
Theory Approach ◽  
Panel Model ◽  
Regulatory Quality ◽  
Industry Membership

Even though literature studying the determinants of non-financial disclosure (NFD) is pervasive, Latin America has been overlooked in this tradition. In this sense, scholars have not evidenced which factors compel companies in this context to report this information despite its voluntary nature. Drawing on Stakeholder Theory as a basis, we derive eight possible antecedents of NFD from extant literature and test them in a sample of 643 Latin American firms for a 10 year span (2006–2015). Using a logit panel model, our evidence indicates that firm size, market-to-book ratio, systematic risk, and industry membership are factors that pressure companies to report. However, contrary to our conceptual development we find that profitability and regulatory quality inversely affects NFD. This leads us to posit that Latin America is unique in terms of reporting because agency costs may arise when disclosing data and also that feeble regulations could summon firms to fill this void through NFD. We thus contribute to this strand by revealing that stakeholders in this milieu are essentially different than in developed countries, and therefore the underlying reasons to engage in NFD also differ.

scholarly journals A stakeholder theory approach to creating value in higher education institutions

2020 ◽  
Vol 33 (4) ◽  
pp. 297-313
Author(s):  
Taiguara de Freitas Langrafe ◽  
Simone Ruchdi Barakat ◽  
Fabricio Stocker ◽  
Joao Maurício Gama Boaventura
Keyword(s):  
Higher Education ◽  
Stakeholder Theory ◽  
Planning Process ◽  
Stakeholder Management ◽  
Higher Education Institutions ◽  
Theory Approach ◽  
Sustainable Competitive Advantage ◽  
Decision Makin ◽  
Content Type ◽  
Stakeholder Relationships

Purpose This paper aims to empirically verify whether the development of improved relationships between higher education institutions (HEIs) and their stakeholders based on the principles of stakeholder theory creates more value. Design/methodology/approach The methods involve a quantitative approach, with the data collection being carried out through a survey of 88 heads of HEIs in Brazil. The paper uses the Spearman’s correlation coefficient to analyze the data and test the hypotheses. Findings The findings reinforce the arguments found in the stakeholder theory literature, in which relationships are based on the following principles: knowledge and information sharing, mutual trust, involvement in the decision-makin g process and alignment of stakeholders’ interests in the strategic planning process, all of which create more value for organizations. Practical implications This study seeks to improve the knowledge of stakeholder theory in relation to HEIs. It identifies the stakeholder relationships that create the most value and have the potential to generate a sustainable competitive advantage. The results can help managers to improve their relationships with stakeholders and may encourage the implementation of practices and policies that consider stakeholders’ influence on the strategic direction of HEIs. Social implications The studies present a social contribution by evidencing the importance of the development of best practices, processes and strategies in the management of educational institutions, which are important actors in the development of society. Originality/value The originality of this paper is that it empirically tests the principles of stakeholder theory and their relationships with value creation for organizations in the higher education context. Whilst stakeholder theory has been explored in multiples contexts, there is a lack of studies addressing stakeholder management in HEIs.

scholarly journals “External Stakeholder Benevolence”

2019 ◽  
pp. 21-68
Author(s):  
Michael Bohlander
Keyword(s):  
Stakeholder Theory ◽  
International Criminal ◽  
Judicial Independence ◽  
Fair Trial ◽  
Theory Approach ◽  
Criminal Courts ◽  
Paris Declaration ◽  
External Stakeholder

The debate about concerns surrounding the efficiency and legitimacy of international (criminal) courts has been joined by a new voice, judicial declarations on how proceedings can be expedited and the legitimacy deficit resolved, in particular the Paris Declaration of 2017 and the Oslo Recommendations of 2018, which deal with “enhancing their institutions’ legitimacy in the eyes of diverse stakeholders.” This article queries in detail whether either document manages to do that, as well as the emerging lens of “external stakeholder benevolence.” It argues that a traditional stakeholder theory approach must break down when the decision about the interest (fair trial) against which other stakeholders’ interests are to be balanced has been assigned exclusively to one stakeholder (judges), barring other stakeholders from encroaching on that stakeholder’s position (judicial independence). The judicial perspective on stakeholder-theory-based attempts at defining the parameters of the judicial core environment will thus always be one of intrusion.

The impact of national culture on integrated reporting quality. A stakeholder theory approach

2019 ◽  
Vol 28 (8) ◽  
pp. 1558-1571 ◽  
Author(s):  
Filippo Vitolla ◽  
Nicola Raimo ◽  
Michele Rubino ◽  
Antonello Garzoni
Keyword(s):  
National Culture ◽  
Stakeholder Theory ◽  
Reporting Quality ◽  
Theory Approach ◽  
Integrated Reporting ◽  
The Impact
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