Stakeholder integration, environmental sustainability orientation and financial performance

Despite the growing research on the influence of stakeholder integration on organizational outcomes, our understanding of the specific firm-level conditions that may mediate the relationship between stakeholder integration and financial performance is lacking. Using primary data gathered from 233 sm...

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Bibliographic Details
Published in:Journal of business research 2020-10, Vol.119, p.652-662
Main Authors: Danso, Albert, Adomako, Samuel, Lartey, Theophilus, Amankwah-Amoah, Joseph, Owusu-Yirenkyi, Diana
Format: Article
Language:English
Subjects:
Business schools
Competitive intensity
Environmental aspects
Environmental protection
Environmental sustainability orientation
Financial performance
Ghana
Information management
Stakeholder integration
Sustainable development
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Summary:Despite the growing research on the influence of stakeholder integration on organizational outcomes, our understanding of the specific firm-level conditions that may mediate the relationship between stakeholder integration and financial performance is lacking. Using primary data gathered from 233 small and medium-sized enterprises in Ghana, we found empirical support for our contention that the link between stakeholder integration and financial performance is mediated by a firm's environmental sustainability orientation (ESO). In addition, our study demonstrated that competitive intensity moderates the indirect relationship between stakeholder integration and financial performance in such a way that the indirect effect through environmental sustainability orientation is stronger for higher levels of industry competition. We discuss theoretical and managerial implications of these findings.
ISSN:0148-2963
1873-7978
DOI:10.1016/j.jbusres.2019.02.038