search query: @freeterm stakeholder theory / total: 10
reference: 7 / 10
| Author: | Berrone, P. Surroca, J. Tribo, J.A |
| Title: | Corporate ethical identity as determinant of firm performance: A test of the mediating role of stakeholder satisfaction |
| Journal: | Journal of Business Ethics
2007 : NOV II, VOL. 76:1 p. 35-53 |
| Index terms: | business ethics financial performance stakeholders |
| Freeterms: | corporate ethical identity stakeholder satisfaction stakeholder theory |
| Language: | eng |
| Abstract: | In this study the authors empirically evaluate the effect of corporate ethical identity (CEI) on a company's financial performance. Drawing on formulations of normative and instrumental stakeholder theory, the authors argue that companies with a strong ethical identity achieve a better level of stakeholder satisfaction, which then positively affects the firm's financial performance. The authors analyze two dimensions of the ethical identity of firms: corporate revealed ethics and corporate applied ethics. The authors find in their results that revealed ethics has informational value and it enhances shareholder value, whereas applied ethics has a positive effect through the enhancement of stakeholder satisfaction. |
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