RT Article
T1 Do Stakeholder Orientation and Environmental Proactivity Impact Firm Profitability?
JF Journal of business ethics
VO 158
IS 1
SP 25
OP 46
A1 Brulhart, Franck
A1 Gherra, Sandrine
A1 Quélin, Bertrand V.
A2 Gherra, Sandrine
A2 Quélin, Bertrand V.
LA English
YR 2019
UL https://ixtheo.de/Record/1785595725
AB The impact of socially responsible corporate behavior on economic performance is a major preoccupation of managers today. This article explores the links between narrowly defined constructs: stakeholder orientation, environmental proactivity and profitability, from the perspectives of stakeholder theory and resource-based theory. We collected data on the food and beverage, and household and personal products industries. Using structural equation modeling, this paper makes two contributions. We found a negative link between companies simply having a higher stakeholder orientation and profitability. Importantly, however, environmental proactivity not only had a positive impact on profitability, but also appeared to mediate the relationship between stakeholder orientation and profitability. In other words, if a company is more environmentally proactive, it will be more attentive to a broad array of stakeholders, and this will in turn contribute positively to profitability.
K1 Stakeholder Orientation
K1 Stakeholder Theory
K1 Resource-based theory
K1 Firm profitability
K1 Environmental proactivity
DO 10.1007/s10551-017-3732-y