Journal ArticleDOI
Boards of Directors and Stakeholder Orientation
TLDR
There exist distinct stakeholder groups perceived by directors, directors have high stakeholder orientations, and directors view some stakeholders differently depending on their occupation and type.Abstract:
Based on a survey of 2,361 directors in 291 of the largest companies of the Southeast States, this study empirically examined boards of directors' stakeholder orientations. The results indicate that (1) there exist distinct stakeholder groups perceived by directors, (2) directors have high stakeholder orientations, (3) directors view some stakeholders differently depending on their occupation (CEO directors v. non-CEO directors) and type (inside directors vs. outside directors).read more
Citations
More filters
Journal ArticleDOI
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Thomas Donaldson,Lee E. Preston +1 more
TL;DR: In this article, the authors examine three aspects of the stakeholder theory and critique and integrate important contributions to the literature related to each, concluding that the three aspects are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental.
Journal ArticleDOI
Corporate reputation and philanthropy: an empirical analysis
TL;DR: In this paper, the determinants of corporate reputation within a sample of large UK companies drawn from a diverse range of industries were analyzed, focusing on the role that philanthropic expenditures and policies may play in shaping the perceptions of companies among their stakeholders.
Journal ArticleDOI
Gender diversity, board independence, environmental committee and greenhouse gas disclosure
Lin Liao,Le Luo,Qingliang Tang +2 more
TL;DR: In this article, the authors examined the impact of corporate board characteristics on the voluntary disclosure of greenhouse gas (GHG) emissions in the form of a Carbon Disclosure Project report and found a significant positive association between gender diversity (measured as the percentage of female directors on the board) and the propensity to disclose GHG information as well as the extensiveness of that disclosure.
Journal ArticleDOI
Corporate governance and environmental performance: is there really a link?
TL;DR: In this paper, a fact-based research approach was adopted to comprehensively explore the link between corporate governance and environmental performance, and to understand how the relationships between and among the firms' owners, managers, and boards of directors influence environmental performance.
Journal ArticleDOI
Voluntary environmental disclosures by large UK companies
Stephen Brammer,Stephen Pavelin +1 more
TL;DR: This article examined the patterns in voluntary environmental disclosures made by a sample of large UK companies and found that larger, less indebted companies with dispersed ownership characteristics are significantly more likely to make voluntary environmental disclosure, and that the quality of disclosures is positively associated with firm size and corporate environmental impact.
References
More filters
Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Book
Strategic Management: A Stakeholder Approach
TL;DR: The Stakeholder Approach: 1. Managing in turbulent times 2. The stakeholder concept and strategic management 3. Strategic Management Processes: 4. Setting strategic direction 5. Formulating strategies for stakeholders 6. Implementing and monitoring stakeholder strategies 7. Conflict at the board level 8. The functional disciplines of management 9. The role of the executive as mentioned in this paper.
Journal ArticleDOI
Separation of ownership and control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: The authors argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. But they do not consider the role of decision agents in these organizations.
Book
The External Control of Organizations: A Resource Dependence Perspective
TL;DR: The External Control of Organizations as discussed by the authors explores how external constraints affect organizations and provides insights for designing and managing organizations to mitigate these constraints, and it is the fact of the organization's dependence on the environment that makes the external constraint and control of organizational behavior both possible and almost inevitable.