Stakeholder relations and the persistence of corporate financial performance

By Jaepil Choi, Heli Wang. 2009

787 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/16ed446631de54d48a44fbfb2d839264aee39b9e

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Citations in the corpus

Does CSR Reduce Firm Risk? Evidence from Controversial Industry Sectors (2012, background): “They attribute this negative relation between CSR performance and capital constraints to improved stakeholder engagement (Choi and Wang 2009; Jo and Harjoto 2011, 2012) that increase mutual trust and cooperation and reduce potential agency costs by pushing managers to adopt a long-term rather than a”
Examining the Link between Strategic Corporate Social Responsibility and Company Performance: An Analysis of the Best Corporate Citizens (2013, methodology): “Because these measures have been widely used in a number of prominent studies (Graves and Waddock, 1994; Hillman and Keim, 2001; Coombs and Gilley, 2005; Choi and Wang, 2009) we do not describe in detail the activities included in these measures.”
The Challenge of Integration: A Review of the M&A Integration Literature (2017, background): “…both in terms of effects and regarding ways of managing these relationships effectively (Homburg and Bucerius 2005), in particular because the strategy literature provides abundant evidence of those relationships’ importance (Bridoux and Stoelhorst 2014; Choi and Wang 2009; Henisz et al. 2014).”
Do Banks Value the Eco-Friendliness of Firms’ in Their Corporate Lending Decision? Some Empirical Evidence (2012, background): “…years, the focus of the firm has shifted from the maximization of shareholders value to the satisfaction of the wider set of stakeholders which leads to better performance of the firms (Choi & Wang, 2009; Hillman & Keim, 2001) and enhances the corporate reputation (Prior, Surroca, & Tribo, 2008).”
Strategic management during the financial crisis: How firms adjust their strategic investments in response to credit market disruptions (2021, background): “, 2015; Flammer, 2015a), enhance firms’ ability to recover from unfavorable situations (Bansal, Jiang, and Jung, 2015; Barnett, Darmall, and Hustedet, 2015; Choi and Wang, 2009; DesJardine, Bansal, and Yang, 2019), strengthen connections with the local communities (Tilcsik and Marquis, 2013), improv”
Under Positive Pressure (2016, background): “Out of the broad range of potential accounting and market-based measures of financial performance (Berman et al., 1999; Brammer & Millington, 2008; Choi & Wang, 2009; Griffin & Mahon, 1997; Margolis & Walsh, 2001), the authors chose a relative accounting measure, the profit margin.”
Unraveling the effects of environmental outcomes and processes on financial performance: A non-linear approach (2014, background): “Debt/equity ratio was included as a proxy of the firm’s riskiness, which could influence its market value (Choi and Wang, 2009).”
Stakeholder Theory, Value, and Firm Performance (2013, background): “…academic researcher’s perspective, most empirical studies based on stakeholder theory have used a measure of stakeholder performance as the independent variable, with some measure of economic performance as the dependent variable (i.e., Berman et al., 1999; Choi & Wang, 2009; Hillman & Keim, 2001).”