Modelling Corporate Stakeholder Orientation: Does the Relationship Between Stakeholder Background Characteristics and Corporate Social Performance Matter?

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 pa...

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Bibliographic Details
Published in:Business strategy and the environment 2017-05, Vol.26 (4), p.465-479
Main Authors: Erdiaw‐Kwasie, Michael O., Alam, Khorshed, Kabir, Enamul
Format: Article
Language:English
Subjects:
Academic achievement
Attitudes
Bivariate analysis
Corporate responsibility
corporate stakeholder orientation
Education
indigenous communities’ rights
Indigenous peoples
mining
regression analysis
Social impact
social impact assessments
stakeholder engagement
Stakeholders
Statistical analysis
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Summary: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. Copyright © 2016 John Wiley & Sons, Ltd and ERP Environment
ISSN:0964-4733
1099-0836
DOI:10.1002/bse.1930