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
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...
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
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