The DOI matches its Crossref record; 12 of the 12 references it cites were found in a registry or an index.
Stakeholder Theory, Value, and Firm Performance
Abstract
This paper argues that the notion of value has been overly simplified and narrowed to focus on economic returns. Stakeholder theory provides an appropriate lens for considering a more complex perspective of the value that stakeholders seek as well as new ways to measure it. We develop a four-factor perspective for defining value that includes, but extends beyond, the economic value stakeholders seek. To highlight its distinctiveness, we compare this perspective to three other popular performance perspectives. Recommendations are made regarding performance measurement for both academic researchers and practitioners. The stakeholder perspective on value offered in this paper draws attention to those factors that are most closely associated with building more value for stakeholders, and in so doing, allows academics to better measure it and enhances managerial ability to create it.
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Citations
Cites
Putnam, R. (2000) · doi:10.1145/358916.361990 · Cited by 17,114
Social Capital: Its Origins and Applications in Modern Sociology
Portes, A. (1998) · Annual Review of Sociology · doi:10.1146/annurev.soc.24.1.1 · Cited by 12,037 · cited 1×
“Utility through affiliation occurs, in part, through the ability of actors to obtain benefits from their membership in social networks (Lee, Lee & Pennings, 2001; Nahapiet & Ghoshal, 1998; Portes, 1998).”
BackgroundThe Social Responsibility of Business Is to Increase Its Profits
Friedman, M. (2007) · Corporate Ethics and Corporate Governance · doi:10.1007/978-3-540-70818-6_14 · Cited by 11,529 · cited 3×
“Although Milton Friedman (1970) is often criticized as providing an amoral vision of business, a careful reading of his work also highlights the importance of moral ideals, particularly individual freedom—to decide how to live, where to work, what to buy (i.e., what is of “value”) and under what terms (i.e., what “val…”
BackgroundInfluentialAdams, J. S. (1965) · Advances in Experimental Social Psychology · doi:10.1016/s0065-2601(08)60108-2 · Cited by 10,818
Social Exchange Theory: An Interdisciplinary Review
Cropanzano, R., & Mitchell, M. S. (2005) · Journal of Management · doi:10.1177/0149206305279602 · Cited by 10,068
Ecological momentary assessment
Shiffman, S., Stone, A. A., & Hufford, M. R. (2008) · Annual Review of Clinical Psychology · doi:10.1146/annurev.clinpsy.3.022806.091415 · Cited by 6,454
Justice at the millennium: A meta-analytic review of 25 years of organizational justice research.
Colquitt, J. A., Conlon, D. E., Wesson, M. J., Porter, C. O. L. H., & Ng, K. Y. (2001) · Journal of Applied Psychology · doi:10.1037/0021-9010.86.3.425 · Cited by 5,942
Developments in the Measurement of Subjective Well-Being
Kahneman, D., & Krueger, A. B. (2006) · Journal of Economic Perspectives · doi:10.1257/089533006776526030 · Cited by 3,177
Stakeholder Theory: The State of the Art
Parmar, B. L., Freeman, R. E., Harrison, J. S., Wicks, A. C., Purnell, L., & de Colle, S. (2010) · Academy of Management Annals · doi:10.5465/19416520.2010.495581 · Cited by 2,755
Self-citationMoving beyond Dyadic Ties: A Network Theory of Stakeholder Influences
Rowley, T. J. (1997) · The Academy of Management Review · doi:10.5465/amr.1997.9711022107 · Cited by 2,522
Building Solidarity through Generalized Exchange: A Theory of Reciprocity
Molm, L. D., Collett, J. L., & Schaefer, D. R. (2007) · American Journal of Sociology · doi:10.1086/517900 · Cited by 589
Stakeholders, reciprocity, and firm performance
Bosse, D. A., Phillips, R. A., & Harrison, J. S. (2009) · Strategic Management Journal · doi:10.1002/smj.743 · Cited by 558
Self-citation
Metadata
- Authors
- Harrison, J. S., & Wicks, A. C.
- Venue
- Business Ethics Quarterly
- Publisher
- Cambridge University Press (CUP)
- Published
- 2013-01
- Volume
- 23
- Issue
- 1
- Pages
- 97-124
- ISSN
- 1052-150X (ISSN-L)
- 2153-3326
- OpenAlex
- W2159452650
- Cited by
- 1,049
- References
- 12
- FWCI
- 112.42
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
