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Previous approaches to design archetypes in sport management have taken a single-country, multisport approach with a focus on National Sporting Organizations. While this line of research has provided significant breakthroughs for understanding sport organizations, there is a need to extend the boundaries of these investigations to explore variations within professional leagues in one sport and across multiple countries. Accordingly, the current study takes a single-sport, multicountry approach to explore how design archetypes vary and the factors influencing the variation. We analyzed the design archetypes of 104 professional football leagues using 44 organizational variables and identified four different design archetypes that can be used to categorize professional football leagues globally. Autonomy and openness were identified as the key factors determining design archetype structure in this environment. Our analysis of professional football league archetypes provides a foundation for understanding design archetype variation, and the insights can be used for comparison and analysis of meaningful change. [ABSTRACT FROM AUTHOR]

To ensure that head coaches are effective in leading athletic programs, interscholastic athletic directors engage in a performance appraisal process that reviews coaching efforts. Given the demands of the athletic director role, these leaders are reliant on stakeholders to provide insight that informs the coaching evaluation. Therefore, using the tenets of stakeholder theory, the purpose of this study was to analyze the role that stakeholder feedback plays as athletic directors develop the full picture of coaching performance during an evaluation. Participants (N = 25) featured high school athletic directors represented across school classification (i.e., 1A, 2A, 3A, and 4A) and school type (i.e., public and private). Through semistructured interviews and a subsequent thematic analysis, saturation was achieved at this sample size. Two main themes (i.e., main stakeholder groups and leveraging stakeholder feedback) emerged and demonstrate how key stakeholders should be considered as important sources of information guiding interscholastic athletic directors when leading coaching evaluations. [ABSTRACT FROM AUTHOR]

This article explores Nordic countries’ and companies’ sustainability practices. It explores how nations like Denmark, Finland, and Sweden and companies such as Novo Nordisk and Ørsted achieve top sustainability rankings through their distinctive approach to stakeholder cooperation. It discusses the historical and cultural context that has shaped the Nordic approach, emphasizing the importance of long-term vision, stakeholder engagement, and cooperative strategies. It provides insights into how these practices contribute to achieving sustainable development goals and offers valuable lessons for global businesses seeking to integrate sustainable practices into their operations. [ABSTRACT FROM AUTHOR]

We introduce a novel stakeholder-oriented framework that highlights variance in the application and expression of gender bias in the upper echelons. Directed by their relationship with the firm's leadership, we theorize that stakeholders' appraisals of top female leaders map onto a categorical and complex continuum. At the "categorical" end of this continuum, stakeholders neither have access nor are attentive to capability cues from the leader, increasing their reliance on stereotypes and gender biases in their leader evaluations. At the "complex" end of the continuum, stakeholders have access and are attentive to capability cues from the leader, decreasing their reliance on stereotypes and increasing their ability to accurately evaluate the leader. Between these ends, stakeholders evaluate female leaders by applying stereotypes and striving for accuracy to varying degrees. Each region on this continuum is linked to an array of behavioral responses, directed by stakeholders toward a target leader, that differ in valence and intensity. Our framework has significant implications for understanding a variety of social biases beyond gender, and enables the development of tailored strategies that can be used to facilitate accurate leader evaluations by all stakeholders. [ABSTRACT FROM AUTHOR]

We develop a stakeholder theory of corporate governance grounded in classical property rights theory, adopting the view that governance should help free individuals to maximize their collective welfare. In contrast to the agency view of corporate governance, we submit that the central problem in corporate governance is to devise coalitional contracting solutions to the collective action problems inherent in team production and team innovation. Agency problems and other contracting problems resulting from shirking, hold-up, market power, and externalities are best understood in this context. We develop design principles for the allocation of property rights to mitigate each of these contracting problems by reducing stakeholders' vulnerabilities to opportunistic behaviors. We extend earlier efforts to build a stakeholder theory of corporate governance by considering a more comprehensive set of transaction problems and analyzing the comparative efficiency of different governance arrangements for different types of firm–stakeholder relationships and different economic contexts. One conclusion from our theory is that giving primacy to shareholders, or any other group of stakeholders, is a comparatively inefficient solution to governing the modern global and knowledge-driven corporation. We discuss the implications of our theorizing for the debate about the purpose of the firm. [ABSTRACT FROM AUTHOR]

The neglect of marginalized stakeholders is a colossal problem in both stakeholder and entrepreneurship streams of literature. To address this problem, we offer a theory of marginalized stakeholder-centric entrepreneurship. We conceptualize how firms can utilize marginalized stakeholder input actualization through which firms should process a variety of ideas, resources, and interactions with marginalized stakeholders and then filter, internalize, and, finally, realize important elements that improve a variety of related socioeconomic, ethical, racial, contextual, political, and identity issues. This input actualization process enables firms to innovate with marginalized stakeholders and develop marginalized stakeholder capabilities. To this end, firms fulfill both their moral and entrepreneurial claims to marginalized stakeholders. [ABSTRACT FROM AUTHOR]

The academic literature has viewed drivers of corruption in isolation and, consequently, failed to examine their synergistic effect. Such an isolated view provides incomplete information, leads to a misleading conclusion, and causes great difficulty in curbing corruption. This paper conducts a systematic literature review to identify the drivers of corruption in the construction industry. Subsequently, it develops a system dynamics (SD) model by conceptualizing corruption as a complex system of interacting drivers. Building on stakeholder and open systems theories, the proposed SD model shows how the complex reinforcing relationship between authoritative, organizational, cultural, and financial drivers of corruption further increases corrupt practices. The new model also provides lessons that can be helpful in the development of policy frameworks to control corruption in the construction industry. To achieve success in the fight against corruption, the findings of this research suggest that (1) corruption must be understood at both the organizational and state levels, (2) anticorruption practices must be informed by ethically grounded stakeholder management strategies, and (3) anticorruption reforms must go hand-in-hand with strategies to tackle the economic downturn. [ABSTRACT FROM AUTHOR]

This study aims to understand how practitioners define and describe corporate engagement with social issues within the larger context of their organization's social obligations. Semi-structured online interviews were conducted with 20 communication professionals involved in CSA practices of large U.S. corporations. This study proposes an expanded definition of CSA as a part of social impact communication. Additionally, we present a social impact valuation process model, offering an initial theoretical grounding for understanding CSA decision-making processes. The study contributes to public relations literature by extending our understanding of the dynamics of CSA in practice and bridging the gap between practice and theory. [ABSTRACT FROM AUTHOR]

This study explores the transition of public libraries to administrative corporations through the lens of stakeholder theory. It positions public libraries as pivotal institutions harboring extensive collections vital for fostering educational and cultural growth. Focusing on the Kaohsiung Public Library in Taiwan as a case study, this research highlights successful tactics adopted during its shift toward administrative corporatization. Such a transformation aligns with the strategic objectives of governments, stakeholders, and communities at large. By applying stakeholder theory, the study investigates the broader societal contributions of administratively corporatized public libraries, their role in advancing public library services amidst organizational changes, and their capacity to augment the distinctiveness of urban landscapes. [ABSTRACT FROM AUTHOR]

This study delves into the relationship between green improvisational behavior (GIB), environmental orientation (EO), a green creative climate (GCC), and how they influence the environmental (EP) and social performance (SP) in the hotel industry. Through the perspective of stakeholder theory, the study examines how these factors work together to cultivate an atmosphere. The data was carefully collected through surveys at Pearl Continental Hotels & Resorts branches, a known chain of luxury hotels in Pakistan. Using Structural Equation Modeling for analysis, the study reveals insights for the hospitality industry in promoting a culture that encourages innovative and sustainable practices through environmentally friendly actions. By understanding what drives the development of an environment, hotels can create an organizational culture that supports eco‐friendly initiatives. Additionally, this research contributes to existing knowledge by investigating the role of focus in effectively implementing and utilizing practices that promote a green creative climate for improved environmental and social performance within the hotel industry. The results provide implications for practices within hotels and offer theoretical perspectives on the factors driving sustainability efforts in this sector. [ABSTRACT FROM AUTHOR]

This study explores the relationship between "ownerless" companies and environmental performance in the absence of actual controllers. We argue that companies lacking actual controllers may opt to enhance their environmental performance to address external doubts about their governance legitimacy. Opting for an empirical analysis approach, we devised a theoretical framework, and executed a regression analysis on a sample of 6676 listed companies within China's A-shares market spanning from 2011 to 2021. The findings corroborated our hypothesis that "ownerless" companies are significantly positively related to environmental performance. Furthermore, we find that the top management team (TMT) stability negatively moderates the "ownerless" companies—environmental performance relationship, while external stakeholder environmental pressure (government environmental governance and public environmental attention) positively moderates this relationship. These findings contribute to the research on stakeholder theory and the growing literature on emerging economies. They also provide insights in practice for policymakers on how to properly perceive the phenomenon of "ownerless" companies and promote their environmental performance through institutional design and policy guidance. [ABSTRACT FROM AUTHOR]

Prior studies have examined various economic, environmental, and social impacts of the London congestion charge (LCC). However, few studies have investigated how the Transport for London (TfL) managed the LCC in all stages of its policy. Without active, strategic management of policies, stakeholders affected may doubt the policies' legitimacy and reduce policy effectiveness. Thus, examining the means utilized to achieve effective policy management is critical and can potentially influence the development and management of future policies. This study adapts Mitchell et al.'s stakeholder typology to study how the TfL, as part of the management of, and as the dominant stakeholder in, environmental regulations in London, strategically managed the LCC via their own efforts to exert power, establish legitimacy, and claim urgency. Relying on Yin, we analyze publicly available data to show how the TfL actively managed the LCC to ensure its sustainability as policy. The TfL primarily used tactics to maintain and enhance the LCC's legitimacy with authoritative power and fears of unproven urgency to influence other stakeholders. Results have practical implications for policymakers contemplating policy reforms and shed additional light on less‐discussed latent factors regarding policy management. This study contributes to the literature by applying stakeholder theory to the domain of policy reform, administration, and management. Our findings have policy implications as policymakers may benefit from learning the tactics examined in this study to assess their policy management and administration. Lastly, through our discussion and conclusions, we reflect on our findings to encourage research on policy management. [ABSTRACT FROM AUTHOR]

Research purpose: This study compared how internal and external stakeholders experience radical organizational change in sport organizations. Research methods: A case study of U SPORTS was built through 32 internal and external stakeholder interviews and organizational documents (e.g. strategic plans, annual reports), and analyzed thematically. Results: Findings showed how internal and external stakeholders experienced radical change both positively and negatively but in different ways. For internal stakeholders, themes included planning and preparation, stakeholder involvement, an increased workload, the loss of institutional knowledge, and challenges associated with gaining buy-in and support for the changes. For external stakeholders, themes included communication and consultation, decision-making, stakeholder responsibility and involvement, and the number and pace of change. Implications: Findings highlight the importance of knowing and responding to stakeholder concerns, and the criticality of various internal stakeholders (i.e. staff, Board, and committee members) for maintaining institutional knowledge during radical change. [ABSTRACT FROM AUTHOR]

The influence of civil liberties and political rights on environmental disclosure, and the moderating effect of board gender diversity on the relationship between civil liberties and political rights and environmental disclosure, have not to date been studied in detail, as evidenced by the previous literature available. Therefore, this study aims to analyse how these institutional factors affect corporate environmental disclosure practices across different countries. The firms in our sample operate in 36 countries, spread across all the continents, and the period covered is 2009–2019. The database used to collect economic, social, environmental and governance data is Thomson Reuters' ASSET4, while the items for measuring civil liberty and political rights scores come from the Freedom House organisation (https://freedomhouse.org). The method used for estimating the model is the generalised method of moments (GMM) proposed by Arellano and Bond. The main findings of the study show that levels of civil liberty and political rights in the countries where the firms operate are positively associated with environmental disclosure. Furthermore, according to our evidence, the presence of female directors on boards plays a positive moderating role in the relationship between the level of civil liberty and environmental disclosure and between political rights and environmental disclosure. Additional robustness analyses corroborate our findings. [ABSTRACT FROM AUTHOR]

How corporate social responsibility (CSR) and consumer social responsibility (CnSR) can perform a preeminent role in satisfying and retaining consumers is an unprecedented research gap that needs to be uncovered in the existing literature. This study explores the multidimensional associations of CSR on consumers' satisfaction (CS) and consumer retention (CR) along with moderation of CnSR from a developing economy using rigorous empirical analysis within small and medium‐sized enterprises (SMEs) in China. The findings affirmed the positive nexus of CSR on CS and CR. The results asserted the significant moderating impact of CnSR among CSR, CR, and CS. These results yield insights for the management to reshape strategies by understanding social responsibility perspectives on both sides to align corporate and consumers' interests. Additionally, how the inclusion of CSR practices can bridge the gap between corporations and consumers is another unique contribution of this study. Finally, the paper confers interesting and valuable implications along with lines for future work. [ABSTRACT FROM AUTHOR]

Restaurants have been becoming increasingly aware of their responsibilities and impact; however, literature on corporate social responsibility has mainly applied quantitative methods to analyze the environmental dimension of sustainability. By drawing on the stakeholder theory approach (normative vs. instrumental) and through a qualitative narrative method based on the analysis of 41 open interviews, this study aims to evaluate which stakeholders are engaged in restaurant‐related CSR practices and the nature of the relationship that ties them together. The results show that although a normative approach is more common, both approaches coexist in many cases. The emergence of multisided collaboration and a double approach enables achieving sustainability issues outside a strictly instrumental logic. This study contributes to the scant literature on CSR in restaurants by analyzing a wider set of stakeholders engaged in sustainability practices and indicating which practices are common and why and how stakeholders are involved. [ABSTRACT FROM AUTHOR]

Stakeholder engagement has been at the forefront of the organisational sustainability debate, particularly focusing on operational sustainability practices (OSP). While sustainability literature increasingly focuses on sustainable business models (SBMs) and the relationship to OSP, research on stakeholder engagement in SBMs and how this relates to engagement in OSP has been scarce. Based on case study research, this paper contributes to the debate by first providing empirical evidence on engagement practices for implementing SBMs. Second, this paper proposes the stakeholder engagement flow model, highlighting how stakeholder engagement for implementing SBMs need to be adapted in relation to stakeholder engagement in OSP. While stakeholder engagement is often continuous for a broad range of stakeholders, successfully implementing SBMs may also require changing engagement practices both in terms of engagement approach and role of stakeholders. The results advance the theoretical debate on stakeholder engagement for organisational sustainability and support practitioners to rethink and evaluate their stakeholder engagement efforts when aiming to implement OSP and SBMs. [ABSTRACT FROM AUTHOR]

The link between corporate social responsibility (CSR) and earnings management represents an attractive empirical research topic in recent years. In view of the heterogeneous research results, the purpose of this structured literature review is to analyze the contextual factors of this complex relationship. We selected 107 quantitative peer‐reviewed archival studies on that topic and explain a possible positive and negative link between CSR and earnings management by the moral licensing hypothesis (principal agent theory) and the moral track hypothesis (stakeholder theory). We focus on firm‐ and country‐related moderator effects as contextual factors. Country‐specific studies are separated in developed (Anglo‐American and Continental European settings) and developing countries (African and Asian settings), code and case law regimes as well as the degree of shareholder protection and legal enforcement. In line with stakeholder theory, we stress that most of the included studies found a negative impact of CSR on earnings management with a focus on CSR performance and accruals‐based earnings management. Other measures, for example, CSR reporting, sub‐pillars of CSR performance, and real earnings management, are inconclusive due to reduced research activity. We do not find any structural changes between developed and developing countries, case and code law regimes, and regarding the strength of shareholder protection and legal enforcement. However, there are clear indications that corporate and country governance strengthens (weakens) the negative (positive) influence of CSR on earnings management. We stress major limitations of prior research and formulate useful recommendations for future research. [ABSTRACT FROM AUTHOR]

Different types of organizations use certifications to reduce information asymmetry in an extensive range of business activities. In some cases, the widespread use of certifications can lead to multiple competing and overlapping standards. Some organizations also obtain similar certifications in a process defined as over‐certification, which is understudied in the literature. The primary objective of this study is to identify the determinants of the over‐certification process, specifically regarding the influence of stakeholders that motivate organizations to engage in over‐certification. Grounded in both signaling and stakeholder theories, this study confirms the isomorphic effect of stakeholders' pressures that creates different motivations for using different (but similar) certifications. An empirical analysis of a sample of 418 European organizations highlights that the decoupling in the interest in certifications is the main antecedent of over‐certification in relation to corporate social responsibility‐related certifications. Our results also show that the occurrence of over‐certification in organizations is mainly due to its ability to impact corporate reputation, confirming the signaling value of different (but similar) certifications. [ABSTRACT FROM AUTHOR]

Purpose: While research on sustainability reporting in the construction industry has already provided comprehensive findings, the purpose of this paper is to answer the question of how construction companies anchor the topic of sustainability in their strategic and operative management control practices. The implementation of sustainable business models and sustainability strategies requires proper management control instruments or mechanisms that support the transformation process or make it possible in the first place. Design/methodology/approach: A qualitative content analysis based on deductive and inductive procedures was conducted. 39 sustainability reports published by the largest construction companies in the EU were examined. Findings: Valuable insights are provided by showing which control instruments and mechanisms are used to improve corporate sustainability performance as well as how these are linked systematically. The results show that the focus is on strategic planning, cultural and administrative controls, while short-term targets, which could set out the path to achieving the long-term sustainability goals set, are often not reported. Strategic stakeholder theory and legitimacy theory provide explanations for the use of management control practices identified. Originality/value: Previous studies often focus on selected single control practices and miss holistic approaches for investigating corporate sustainability in construction companies. Furthermore, theoretical perspectives with instrumental and socio/political views on corporate sustainability help us explain the control practices applied. Moreover, practitioners, standard setters and legislators can use the findings for sustainability management or for developing standards and legislation. [ABSTRACT FROM AUTHOR]

Purpose: In recent times, stakeholders have called on corporate organizations especially those charged with governance to embrace full disclosure on non-financial issues, especially sustainability reporting. Based on this premise, this study aims to examine the influence of corporate board and assurance on sustainability reporting practices (SRP) of selected 80 firms from 8 countries in sub-Saharan Africa. Design/methodology/approach: To measure the corporate board, the authors use both board variables and audit committee variables. Also, the authors adapted the sustainability score model as used by previous authors in the field of sustainability disclosure to measure SRPs. The analysis was done using both ordered logistic regression and probit regression models. Findings: The results show that the combination of board corporate and assurance has a positive and significant impact on the sustainability reporting practice of selected firms in sub-Saharan Africa. Practical implications: The study places emphasis on the need for strong collaboration between the corporate board and external assurance in evaluating and enhancing the quality of sustainability disclosure. Originality/value: The study bridged the gap in the literature in the area of corporate board, assurance and SRP of corporate firms which has received little attention within sub-Saharan Africa. [ABSTRACT FROM AUTHOR]

How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the "lean impact start-up" framework, which integrates the principles of the lean start-up methodology with fresh perspectives from new stakeholder theory—and specifically, stakeholder governance. The lean impact start-up framework is characterized by its experimental and learning-oriented nature and consists of a three-step process: value search, value creation, and value distribution. For each step, we propose a key mechanism and chart pathways for future research. At its core, the lean impact start-up framework differs from other start-up frameworks by an active consideration of diverse primary stakeholders and an expanded focus encompassing both economic and noneconomic outcomes. This framework serves as a transformative bridge that helps to close the divide between scholarly research and tangible, real-world impact. [ABSTRACT FROM AUTHOR]

Drawing upon social identification theory and stakeholder theory, the current study examines the contextual effect of job insecurity on the indirect relationship between general corporate social responsibility facilitation‐human resource management (HRM) and employee job engagement through the mediation of organizational pride. Our analysis of a two‐wave dataset with a sample of 255 full‐time employees in the banking sector reveals that job insecurity negatively moderates the impact of general CSR‐facilitation HRM on organizational pride, which in turn is positively related to employee job engagement. This study advances the socially responsible HRM literature by providing insights into the underlying mechanisms and the contextual conditions under which general CSR‐facilitation HRM influences employee workplace outcomes in the presence of conflicting interests among stakeholders. [ABSTRACT FROM AUTHOR]

AbstractWhile there is consensus among researchers that stakeholder participation is critical for heritage development, conflicts between stakeholders can exist and create an arena of contestation. Limited studies have addressed the issue of contested heritage and conflict mitigation in heritage tourism. Examining contested urban heritage in Dalian, China, this study investigates stakeholder conflict using means-end-chain analysis to reveal conflicting perspectives and visions. Furthermore, it uses tourisation theory to assess the tourism potential of each identified development scenario. Findings reveal how a focus on functional adaptation can help to achieve compromise between “dismantler” and “preservationist” polarities to gain agreement between stakeholders. This study enhances the understanding of stakeholder conflict related to contested heritage and contributes to stakeholder theory by addressing conflict mitigation and consensus building. By highlighting the heterogeneity within traditionally defined stakeholder groups, the study suggests using attitudinal groups as a strategy for stakeholder categorization and identification of common ground. It further demonstrates how a value-based approach can help to understand the shaping of stakeholders’ views and foster consensus, laying the foundation for collaborative planning in urban heritage tourism. [ABSTRACT FROM AUTHOR]

Companies gain significant advantages from having a favorable corporate reputation (CR), so researchers have analyzed the factors that contribute to the formation and maintenance of this intangible asset. One of these variables could be gender diversity in management. This study drew on stakeholder, signaling, and critical mass theories to explore how women in firms' top management teams (TMTs) can influence these organizations' CR. A sample of data on Spanish listed companies were collected for the period of 2017–2022. The results reveal that a positive relationship exists between gender diversity in TMTs and CR and that this relationship is moderated by women on boards of directors and by board independence. The findings contribute to the literature by providing evidence of top management's influence on CR. This empirical research also expands the literature on gender diversity in organizations by demonstrating that the positive impact of gender diversity on CR extends beyond boards of directors. [ABSTRACT FROM AUTHOR]

Nowadays, agriculture businesses have been significantly impacted by rapid global changes, compelling the agro-industry to adopt sustainable development practices to remain resilient. Moreover, the application of stakeholder theory has become essential in business management to achieve inclusive growth and fulfill sustainable business. Understanding the interlink between stakeholder pressure and the motivation to transform an enterprise's practices into sustainable development is imperative. Therefore, this study aims to evaluate the direct pressure of stakeholder groups on sustainable practices in agriculture enterprises in Thailand through a questionnaire survey. This paper focused on the influence of primary and secondary stakeholders and evaluated the weighting of sustainability practices. The survey was conducted on employees who work in enterprises that apply Thailand's Sufficiency Economy Philosophy (SEP). The research adopted the regression and information entropy methods for result analysis. The results showed that employees, shareholders, and competitors are significant stakeholder groups that drive sustainable capital covering economics, nature, society, and human capital. Last, stakeholder management is an outstanding practice in a SEP thinking enterprise. Concurrently, human capital is the highest priority to fulfill this alternative pathway to be successful in enterprise sustainability. [ABSTRACT FROM AUTHOR]

Social media transform and complicate nonprofit organizations' (NPOs) traditional communication to engage and lead stakeholders for collective action. Stakeholders can self-organize for connective action on social media and form stakeholder networks of varied potential and structures that NPOs may leverage for collective goals. Facing such networks, NPOs may communicate in diverse ways to accommodate and take advantage of the diverse stakeholder networks. Through two surveys conducted with 375 (Study 1) and 74 (Study 2) NPOs, this study suggests that NPOs diversify their communication to leverage different potential from each stakeholder network by crafting different types of social media activities based on their perception of different networks. This study develops a comprehensive theoretical understanding of NPOs' transformed and complex communication strategies for stakeholder engagement in driving social change, opening up new avenues for organizational communication and collective and connective action scholarship. [ABSTRACT FROM AUTHOR]

Purpose: Despite an abundance of literature regarding the motivations of sport and entertainment managers to adopt environmentally sustainable practices (ESPs) within their venue, there is little offered on which particular stakeholders motivate such action. This study examined the venues which host such events to identify the stakeholders who influence the adoption of ESPs, their specific roles and to highlight salient stakeholders who primarily motivate ESP adoption. Design/methodology/approach: Guided by stakeholder theory as a framework for analysis, a qualitative study was employed which consisted of sixteen semi-structured interviews with venue personnel including presidents, general managers, operations directions and recycling coordinators. Participants were asked to discuss their venue's management structure, stakeholder relations and ESPs. Findings: Internal stakeholders – particularly ownership and operations personnel – were salient stakeholders motivating ESP adoption, but the most unique stakeholder identified was that of a motivated "doer" from no particular role who simply possessed the power, legitimacy and urgency to act on ESPs. Thus, there was no single, identifiable stakeholder role to champion ESPs so much as there was a motivated, normatively legitimate stakeholder who wanted to be that champion. Originality/value: This research contributes to the growing sport ecology literature and is the first to present the idea of a non-particular, doer stakeholder to champion ESPs within this industry rather than one with a more defined role within organizational structure. [ABSTRACT FROM AUTHOR]

In transitional economies, contract farming is widely recognized as a means for addressing numerous market failures affecting small farmers. Reviewing the scholarship on contract farming, we show that its traditional understandings have been framed by the narratives of transaction cost economics and power dynamics. We critically evaluate these narratives and demonstrate how stakeholder theory, with its relational understanding of business, offers a more comprehensive understanding of contract farming. We argue that a stakeholder theory perspective underscores the trust-based and collaborative nature of successful contract farming arrangements. It highlights the importance of informal and moral stakeholder relationships that compensate for the limitations of weak enforcement mechanisms and inadequate legal frameworks in transitional economies. This way, a stakeholder theory perspective on contract farming highlights its strategic management and business ethics dimensions, offering valuable guidance for cultivating successful stakeholder relationships. [ABSTRACT FROM AUTHOR]

The formal engagement of diverse stakeholder groups in policy design and implementation has become a mainstay governance strategy. While much has been learned about collaborative governance arrangements in terms of their structure, processes, and participant dynamics, one particularly salient dynamic has been relatively underexplored: the factors contributing to sustained participation in collaborative venues. Public administration and policy have developed a variety of conceptual theories which draw attention to interpersonal interactions and the ability of stakeholders to garner political wins as important contributing factors to sustained participation. In this article, we test four theoretically rooted hypotheses to investigate stakeholder attendance in the collaborative governance case of an environmental justice council. We analyze council meeting minute data using computational text analysis tools and a Stochastic Actor-Oriented Model to assess: (1) conflict and concord, measured in terms of repeated (dis)agreement with others and (2) interest advancement, or the extent to which a stakeholder makes positive, neutral, and negative comments toward topics which become the council's annual objectives in relation to an individual's attendance. Our interpersonal interaction results show that increased positive relationships are associated with increased attendance, and increased negative relationships are associated with decreased attendance, but, for both cases, only when interactions are repeated and not one-off. Our interest advancement results show: (1) an increase in supported annual objectives is associated with decreases in attendance for an individual stakeholder, but (2) increased oppositional and neutral annual topics are associated with a greater likelihood of attendance. This article contributes to existing scholarship on collaborative governance by offering additional insights into individual factors associated with sustained engagement in the collaborative venue. Furthermore, the article offers a generalizable methodological approach for analyzing these dynamics drawing on computational text analysis of meeting minute data. [ABSTRACT FROM AUTHOR]

Purpose: From a target perspective, this paper aims to examine the impact of environmental, social and governance (ESG) performance on mergers and acquisitions (M&A) transaction valuations. Design/methodology/approach: This paper uses a sample of 629 international transactions conducted between 2002 and 2020. Ordinary least squares (OLS) regression was applied by using ESG aggregate score and the three ESG pillars: environment, social and governance. Findings: This paper finds that the ESG performance of targets has a negative and significant impact on acquisition premiums. However, this paper finds that targets receive lower premiums by increasing their ESG score, suggesting that targets would do better to focus on ESG to increase shareholder wealth. Thus, results of this paper support the view that ESG-focused firms create shareholder value through the M&A process. Furthermore, results of this paper indicate that environmental and social aspects of ESG drive the acquisition premium. The governance score does not seem to be related to acquisition premiums. Originality/value: To the best of the authors' knowledge, this study is the first study to assess whether ESG performance impacts the valuation of M&A transactions by decomposing ESG into its three components. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to investigate how emerging market multinational enterprises (EMNEs) are integrating and expanding into other emerging market host countries, focusing on Chinese mining companies in Peru. Design/methodology/approach: Adopting a qualitative approach, an in-depth analysis of two Chinese state-owned enterprises' strategies was conducted, building on stakeholder theory and the business ecosystem perspective. Findings: This study reveals a reliance on high-level political lobbying rather than localized engagement strategies. However, findings point to increasing grassroots resistance among local stakeholders, undermining EMNEs' bargaining power. Originality/value: This paper argues for a paradigm shift toward inclusive, cooperative "translocal governance" approaches as empowered communities gain voice. Key contributions include advancing theoretical understanding of changing stakeholder relationships and power configurations in emerging countries, underscoring the rising significance of microlevel sociocultural embeddedness for MNE success and highlighting practical imperatives for EMNEs to embark on rapid localization strategies in Latin America. By elucidating multilayered integration realities in Peru, this interdisciplinary study yields contextualized insights and enriches perspective on the conditions and pathways for EMNEs to build sustainability in Global South emerging market environments. [ABSTRACT FROM AUTHOR]

This article analyses the indispensable role of sustainable agricultural intensification practices (SAIP) in meeting the needs of a burgeoning human population with limited planetary resources and examines the role of various stakeholders in the adoption of these practices by local farmers. The study setting is the Upper West, a semi-arid region of Ghana. The study employs a stakeholder salience theory and a mixed-method design. Firstly, qualitative data were collected and analysed as a basis for formulating a structured questionnaire administered to beneficiary farmers, which were then analysed using marginal effects from logistic regression. Notably, the study found four sustainable crop cultivation practices and three eco-friendly crop storage methods promoted in the area. Furthermore, the engagement of stakeholders like selected farmers, Traditional authorities, and implementing NGOs had statistically significant effects on the adoption of SAIP. However, these effects were smaller when compared to the direct involvement of all beneficiary farmers in the planning and implementation of the intervention. This suggests that while technocrats and authorities are important, they alone cannot achieve the desired impact of development interventions. Beneficiary farmers are the most critical stakeholders in adopting and promoting SAIP. The article further proposes a conceptual framework for implementing SAIP in agro-based rural communities. This research therefore underscores the importance of sustainable agricultural intensification practices in a resource-constrained world and emphasizes the central role of beneficiary farmers in driving the success of such initiatives. [ABSTRACT FROM AUTHOR]

Research question: Major sports events promises are often unrealised, despite locals facing protracted periods of socio-economic disruption. This is a pervasive and empirically verified trend, but little work theorises how and why host community interests become deprioritised. We look at one prominent host community stakeholder group, small businesses, and use a stakeholder salience lens and power-legitimacy-urgency attributes to discern how actual and perceived salience shifted between bidding and live staging, whilst juxtaposing promised outcomes versus realised outcomes. Research methods: 38 interviews with businesses dis/affected by 2018 Commonwealth Games planning alongside documentary analysis. Results and findings: (1) significant differences between actual and perceived salience, with perceived salience seemingly playing a more instrumental role when explaining stakeholder actions and outcomes; (2) perceived salience appeared lower than actual salience. Therefore, businesses felt a) they had little power to leverage opportunities, b) delegitimised with interests' counter to the event's objectives, c) unlistened-to with no claim urgency and limited access to support to have interests addressed. Implications: Although initially positioned as a definitive stakeholder, come Games-time, businesses possessed no attributes, questioning whether they were a stakeholder at all. This is a key contribution, alongside demonstrating how salience shifts over time, and distinctions between actual and perceived salience. Researchers can apply this theoretical lens to study stakeholder deprioritisation in the maelstrom of event planning, including businesses, residents, to vulnerable social groups. [ABSTRACT FROM AUTHOR]

Purpose: This study aims to investigate the effect of ESG controversies and their moderating role in ESG performance and the cost of equity and overall, short-term and long-term debt capital relationship in European listed companies. Design/methodology/approach: The study employs two-way fixed effects panel linear regression models on the balanced longitudinal dataset of 231 European non-financial companies listed in the MSCI Europe Index in 2017–2022. To check the robustness, the study utilises the fixed effects logistic regression models with heteroskedasticity-consistent standard errors. Findings: The study reveals the significant effect of ESG performance (negative) and ESG controversies (negative) on the cost of debt capital and the substantial moderating effect of ESG controversies (positive). Additionally, it provides empirical evidence of the crossover moderating effect of ESG controversies in ESG performance and cost of equity relationship. Research limitations/implications: The findings contribute to corporate practice and empirically support legitimacy and stakeholder theories. Practical implications: Companies can utilise the results to proactively enhance their internal policies and behaviour to align with ESG practices and avoid ESG controversies, which will translate into reduced equity capital costs for shareholders and a lower cost of debt capital charged by creditors. Originality/value: To the best of the authors' knowledge, this is the first study to comprehensively investigate the influence of ESG controversies and their moderating effect in the context of the equity and debt capital cost for European listed companies. [ABSTRACT FROM AUTHOR]

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Copyright of International Journal of Professional Business Review (JPBReview) is the property of Open Access Publications LLC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Research Summary: Without compelling empirical proxies for economic profits, we may need to reconsider the decades of empirical research purporting to inform our theories of competitive advantage. The new stakeholder perspective suggests that stakeholders may capture significant shares of the firm's economic profits that should be incorporated into these proxies. In this article, we propose a novel empirical approach to measuring stakeholder rents and then apply our approach to measure workforce rents across the population of all Belgian firms employing workers from 2008 to 2016. Our results demonstrate substantial variance in workforce rents among firms, with some firms allowing most of the economic profits they generate to flow to the workforce. We discuss the implications of our findings in detail and lay out a pathway for future research. Managerial Summary: This article examines the extent to which companies pay their workforces above (below) what the labor market demands as a way of exploring how much of the company's economic profits go to stakeholders other than shareholders. We demonstrate a wide range of over (under) payments to workforces in a large sample of Belgian firms from 2008 to 2016. One of the important contributions of our paper is developing a method to determine over (under) payments for the workforce, but our method can also be applied to other stakeholders. We hope our work provides an empirical approach for others to explore how stakeholders capture portions of the economic profits that companies create. Video abstract [ABSTRACT FROM AUTHOR]

Seeking sustainable development, companies voluntarily implement Corporate Social Responsibility (CSR) through the Triple Bottom Line (TBL) approach, considering economic, social and environmental aspects of interest to global society. Searching for sustainable development, the Circular Economy (CE) emerged as a new philosophy of life to meet the new challenges in society. This research links CSR and CE but considering jointly the Institutional and Stakeholder Theories to delimit the sustainable development framework from the EC approach driven by CSR. According to this framework, it was tested whether the CSR practices of companies positively and significantly impacts on a business orientation towards CE, through two models (Model A and Model B) each of them analyzed with two independent samples of companies in Spain. Both samples are composed of Small and Medium Enterprises (SMEs) at two different stages of CSR adoption. The hypotheses were analyzed through a structural equation modeling‐fuzzy‐set qualitative comparative analysis (SEM‐fsQCA). The result of the SEM supports the hypothesis in both models. So, CSR practices are driving companies towards CE, incorporating propositions on stakeholders' value creation. Moreover, an fsQCA revealed combinations of relationships that ensure the consistency of obtained results, generating five configurations based on two models defined. Main contribution of this work is CSR practices of companies and their orientation towards CE can be linked. This encourages to deep in analysis about the relations between CE and CSR, and of the specific CSR practices that should be enhanced for their beneficial effect on the implementation of CE. [ABSTRACT FROM AUTHOR]

This study offers new insights into organizational inclusion and corporate sustainable development in the Japanese context. Specifically, we aim to explore organizational inclusion in the antecedents of Lesbian, Gay, Bisexual, and Transgender (LGBT) inclusion and its effects on corporate outcomes, such as corporate market performance (CMP) and corporate environmental performance (CEP). Drawing upon legitimacy theory, we propose a conceptual model to uncover how operational diversity encourages organizational inclusion, such as supportive policies and practices. Moreover, grounded in stakeholder theory, we explore how organizational inclusion affects corporate outcomes, including CMP and CEP. Using a large sample of 1456 Japan‐listed firms with detailed organizational inclusive practices and corporate outcomes. Results indicate that operational diversity has positive effects on organizational inclusion. Moreover, the results indicate that organizational inclusion strengthens CMP and CEP. The empirical results are consistent after performing robustness checks based on subsampling. Our study contributes to the global discussion on business ethics, corporate market responses, and sustainable development. [ABSTRACT FROM AUTHOR]

It is vital to bring about sustainable development by incorporating sustainable strategies to drive businesses to align their interests with those of stakeholders. Drawing on stakeholder theory and practices, this study explores the synergistic nexus among green environmental strategies (GES; e.g., energy management, waste management, green procurement, waste conversation, green environment awareness programs, carbon footprint reduction, green data management, and ecological operational strategies), corporate social responsibility (CSR), and financial performance (FnP) of multinational enterprises (MNEs) within the energy and manufacturing sectors of China. A total of seven hundred and forty‐three responses were evaluated by structural equation modeling through SmartPLS software. Findings suggest that GES have a positive connection with FnP. Further, this relationship is positively moderated by CSR. This study contributes to both the theoretical and managerial perspectives. It highlights the notion of GES and CSR by verifying the positive influence of sustainable strategies on FnP. [ABSTRACT FROM AUTHOR]