A longitudinal examination of significant change in stakeholder management

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Despite rich theoretical development, empirical research on stakeholder management is scant, save its relationship with financial performance which has dominated empirical research for the past two decades. Recent research shows significant intra-firm variability in stakeholder management across time. Our study seeks to explain why firms would experience significant changes in their stakeholder management. Using Wood's (1991) three principles of stakeholder management as our overarching framework, we identify antecedents of change at the institutional, organizational and executive levels. Pressures for legitimacy at the institutional level suggest firm age, size and industry shifts in stakeholder management will increase the likelihood of changes in stakeholder management for the focal firm. We posit organizational risk and performance will also increase the likelihood of change as will managerial discretion and top management team (TMT) turnover. We also consider managerial discretion and TMT turnover to magnify the effects of the other antecedents. We test our predictions in a longitudinal sample of stakeholder management and discuss the implications of our findings for research and practice.

Original languageEnglish (US)
Title of host publicationAcademy of Management 2006 Annual Meeting: Knowledge, Action and the Public Concern, AOM 2006
StatePublished - 2006
Event66th Annual Meeting of the Academy of Management, AOM 2006 - Atlanta, GA, United States
Duration: Aug 11 2006Aug 16 2006

Other

Other66th Annual Meeting of the Academy of Management, AOM 2006
CountryUnited States
CityAtlanta, GA
Period8/11/068/16/06

ASJC Scopus subject areas

  • Management Information Systems
  • Management of Technology and Innovation

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    Shropshire, C., & Hillman, A. (2006). A longitudinal examination of significant change in stakeholder management. In Academy of Management 2006 Annual Meeting: Knowledge, Action and the Public Concern, AOM 2006