TY - JOUR
T1 - Modelling Corporate Stakeholder Orientation
T2 - Does the Relationship Between Stakeholder Background Characteristics and Corporate Social Performance Matter?
AU - Erdiaw-Kwasie, Michael O.
AU - Alam, Khorshed
AU - Kabir, Enamul
N1 - Publisher Copyright:
Copyright © 2016 John Wiley & Sons, Ltd and ERP Environment
Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 2017/5
Y1 - 2017/5
N2 - Though corporate stakeholder orientation is connected with corporate social performance practices, there is a dearth of knowledge on the theorized assertion that background characteristics influence stakeholders’ salience and attitude towards social performance practices of firms. The aim of this paper is to measure and examine this hypothesis. To test this claim, this research uses the Surat Resource Region in Queensland, Australia, as the case study. Based on the bivariate test, age, gender, occupation type and educational status have varying statistically significant effects on stakeholders’ attitude towards corporate social practices. The multinomial logistic findings showed that only education retained a net effect on a stakeholder's attitude to participation in corporate social practices, where those with a higher level of education are 1.388 times more likely to perceive stakeholder engagement practices as relevant, 2.864 times more likely for social impact assessment practices and 1.430 times more likely for practices aimed at rights of indigenous communities. Findings imply the need for awareness programs to be incorporated into corporate social practices, which can help promote the success of stakeholder-oriented policies. The paper further makes suggestions that have both business strategy and policy planning implications.
AB - Though corporate stakeholder orientation is connected with corporate social performance practices, there is a dearth of knowledge on the theorized assertion that background characteristics influence stakeholders’ salience and attitude towards social performance practices of firms. The aim of this paper is to measure and examine this hypothesis. To test this claim, this research uses the Surat Resource Region in Queensland, Australia, as the case study. Based on the bivariate test, age, gender, occupation type and educational status have varying statistically significant effects on stakeholders’ attitude towards corporate social practices. The multinomial logistic findings showed that only education retained a net effect on a stakeholder's attitude to participation in corporate social practices, where those with a higher level of education are 1.388 times more likely to perceive stakeholder engagement practices as relevant, 2.864 times more likely for social impact assessment practices and 1.430 times more likely for practices aimed at rights of indigenous communities. Findings imply the need for awareness programs to be incorporated into corporate social practices, which can help promote the success of stakeholder-oriented policies. The paper further makes suggestions that have both business strategy and policy planning implications.
KW - corporate stakeholder orientation
KW - indigenous communities’ rights
KW - mining
KW - regression analysis
KW - social impact assessments
KW - stakeholder engagement
UR - http://www.scopus.com/inward/record.url?scp=84984701371&partnerID=8YFLogxK
U2 - 10.1002/bse.1930
DO - 10.1002/bse.1930
M3 - Article
AN - SCOPUS:84984701371
SN - 0964-4733
VL - 26
SP - 465
EP - 479
JO - Business Strategy and the Environment
JF - Business Strategy and the Environment
IS - 4
ER -