Stakeholder integration, environmental sustainability orientation and financial performance

Albert Danso, Samuel Adomako, Theophilus Lartey, Joseph Amankwah-Amoah and Diana Owusu-Yirenkyi

Journal of Business Research, 2020, vol. 119, issue C, 652-662

Abstract: 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.

Keywords: Stakeholder integration; Environmental sustainability orientation; Competitive intensity; Financial performance; Ghana (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:119:y:2020:i:c:p:652-662

DOI: 10.1016/j.jbusres.2019.02.038

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