publication . Article . Other literature type . 2007

Corporate Ethical Identity as a Determinant of Firm Performance: A Test of the Mediating Role of Stakeholder Satisfaction

jordi surroca; Josep A. Tribó;
Open Access English
  • Published: 17 Mar 2007
  • Publisher: Springer
  • Country: Spain
Abstract
In this article, we empirically assess the impact of the Corporate Ethical Identity (CEI) on the firm's financial performance. Drawing on formulation of both normative and instrumental stakeholder theory, we argue that firms with a strong ethical identity achieve greater degree of stakeholder satisfaction, which in turn, positively influence the firms' financial performance. We further analyze two different dimensions of the CEI of firms: corporate revealed ethics and corporate applied ethics. Our results indicate that while revealed ethics has informational worth and enhance shareholder value, applied ethics has a positive impact through the improvement of stak...
Subjects
free text keywords: Business ethics, Corporate ethical identity, Financial performance, Stakeholder satisfaction, Stakeholder theory, Empresa, Economics and Econometrics, General Business, Management and Accounting, Business and International Management, Arts and Humanities (miscellaneous), Law
Related Organizations
83 references, page 1 of 6

Agle, B. R., R. K. Mitchell and J. A. Sonnenfeld: 1999, Who Matters to Managers? An Investigation of Stakeholder Attributes and Salience, Corporate Per formance, and Manager Values , Academy of Manage ment Journal 42(5), 507 525.

Balmer, J. M. T.: 1998, Corporate Identity and the Advent of Corporate Marketing , Journal of Marketing Management 14, 963 996. [OpenAIRE]

Balmer, J. M. T.: 2001, Corporate Identity, Corporate Branding and Corporate Marketing Seeing Through the Fog , European Journal of Marketing 35(3/4), 248 291. [OpenAIRE]

Balmer, J. M. T. and E. R. Gray: 2000, Corporate Identity and Corporate Communications: Creating a Competitive Advantage , Industrial and Commercial Training 32(7), 256. [OpenAIRE]

Balmer, J. M. T. and E. R. Gray: 2003, Corporate Brands: What are they? What of them? , European Journal of Marketing 37(7/8), 972 997.

Baron, R. and D. Kenny: 1986, The Moderator Medi ator Variable Distinction in Social Psychologicalre search: Conceptual, Strategic and Statistical Considerations , Journal of Personality and Social Psy chology 51, 173 182.

Berk, R. A.: 1990, A Primer on Robust Regression , in J. Fox and J. S. Long (eds.Methods of Data Analysis (Sage Publications, Newburry Park, CA), pp. 292 324. [OpenAIRE]

Berman, S. L., A. C. Wicks, S. Kotha and T. M. Jones: 1999, Does Stakeholder Orientation Matter? The Relationship Between Stakeholder Management Models and Firm Financial Performance , Academy of Management Journal 42(5), 488 506. [OpenAIRE]

Carroll, A. B.: 1979, A Three Dimensional Conceptual Model of Corporate Performance , Academy of Man agement Review 4(4), 497 505.

Clarkson, M. B. E.: 1995, A Stakeholder Framework for Analyzing and Evaluating Corporate Social Perfor mance , Academy of Management Review 20(1), 92 117.

Cragg, W.: 2002, Business Ethics and Stakeholder The ory , Business Ethics Quarterly 12(2), 113 142.

Das, T. K.: 2005, How Strong are The Ethical Prefer ences of Senior Business Executives? , Journal of Busi ness Ethics 56(1), 69 80.

Deephouse, D. L.: 2000, Media Reputation as a Strategic Resource: An Integration of Mass Communication and Resource Based Theories , Journal of Management 26(6), 1091 1112.

Donaldson, T: 1999, Making Stakeholder Theory Whole , Academy of Management Review 24(2), 237 241.

Donaldson, T.: 2003, Editor s Comments: Taking Ethics Seriously A Mission Now More Possible , Academy of Management Review 28(3), 363 366.

83 references, page 1 of 6
Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue