Stakeholder Strategy IG

Caroline Flammer – Product market competition & CSR

This study examines whether product market competition affects corporate social responsibility (CSR). To obtain exogenous variation in product market competition, I exploit a quasi-natural experiment provided by large import tariff…

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Toward a dynamic notion of value creation and appropriation in firms

Most managers and the business press regard “value creation” as the increase in shareholder wealth represented by a rise in corporate profit or stock price. A broader conception of value…

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The relative value of firm and nonprofit experience

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Weiting Zheng on Buffering and Enabling: Political Ties in China

Several studies suggest that political ties help firms survive or perform but do not examine the boundary conditions concerning which types of firms and which type of ties help firms.…

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Dorobantu & Odziemkowska: Valuing Stakeholder Governance

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Follow the Smoke: The Pollution Haven Effect on Global Sourcing

We examine whether and how for-eign environmental standards influence global sourcingdecisions. Taking a question-driven approach, we finda negative association between the stringency of acountry’s environmental standards and its share in…

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Eesley, DeCelles, & Lenox on strategies of social activists

The purpose of this study was to examine how different types of activist groups behave differently when targeting firms for social change. We find that traditional activist groups rely on…

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From Farms to Fuel Tanks – Who defines the market and why it matters.

Entrepreneurs entering new markets must consider how their products or services create value for customers. What customers value, however, is often shaped by competition between different stakeholders who seek to…

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Competing/Complementary Labels? Estimating Spillovers in Chinese Grn Bldg Cert

Many markets have several voluntary certification programs that sellers can use to signal product or organizational quality. Although many scholars emphasize the potential for competition between labels, we argue that…

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How media coverage of corporate social irresponsibility increases financial risk

This article examines the effect of negative news on financial risk. It shows that negative media articles regarding environmental, social, and governance (ESG ) issues increase a firm’s credit risk.…

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