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Stakeholders, social responsibility, and performance: empirical evidence and theoretical perspectives

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Abstract
The management of competing stakeholder interests has emerged as a significant topic in the management literature. Related issues are the relationship between stakeholder management and the perception that a firm is socially responsible, and the performance implications of both stakeholder management and social responsibility. Theory and models surrounding these issues are abundant, but empirical research is in an early stage. This research forum reports six excellent efforts to tackle fundamental ideas about stakeholders, social responsibility, and performance.

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Stakeholder Theory: The State of the Art

TL;DR: In this paper, the major uses and adaptations of stakeholder theory across a broad array of disciplines such as business ethics, corporate strategy, finance, accounting, management, and marketing are reviewed.
Journal ArticleDOI

Putting the S back in corporate social responsibility: A multilevel theory of social change in organizations

TL;DR: In this article, a multilevel theoretical model is proposed to understand why business organizations are increasingly engaging in corporate social responsibility (CSR) initiatives and thereby exhibiting the potential to exert positive social change.
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Walking a Tightrope: Creating Value Through Interorganizational Relationships

TL;DR: In this article, the authors provide an overview of the literature on interorganizational relationships, including transaction costs economics, resource dependency, strategic choice, stakeholder theory, organizational learning, and institutional theory.
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Corporate social responsibility and consumers' attributions and brand evaluations in a product–harm crisis

TL;DR: In this paper, the authors examined the possibility that the Corporate Social Responsibility halo affects consumers' attributions in a product-harm crisis situation, and they found that attributions that are influenced by CSR mediate the impact of productharm crises on consumers' brand evaluations.
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A review of the theories of corporate social responsibility: Its evolutionary path and the road ahead

TL;DR: In this paper, the authors trace the conceptual evolutionary path of theories on corporate social responsibility and reflect on the implications of the development of these theories, and suggest that future research needs to refocus on basic research in order to develop conceptual tools and theoretical mechanisms that explain changing organizational behavior from a broader societal perspective.
References
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Judgment Under Uncertainty: Heuristics and Biases

TL;DR: The authors described three heuristics that are employed in making judgements under uncertainty: representativeness, availability of instances or scenarios, and adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available.
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.
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Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of who and What Really Counts

TL;DR: In this paper, a theory of stakeholder identification and saliency based on stakeholders possessing one or more of three relationship attributes (power, legitimacy, and urgency) is proposed, and a typology of stakeholders, propositions concerning their saliency to managers of the firm, and research and management implications.
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The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications

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.
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