Addressing the complexity of stakeholder management in international ecological setting: A CSR approach

Khojastehpour, Morteza and Shams, Riad (2020) Addressing the complexity of stakeholder management in international ecological setting: A CSR approach. Journal of Business Research, 119. pp. 302-309. ISSN 0148-2963

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This study aims to develop insights on how firms could manage their relationships with the ecological setting, which is a major stakeholder to create value in an international entrepreneurial and environmental context. Based on the inductive constructive method, and drawing on the recent entrepreneurial CSR literature, stakeholder and internationalization theories, we suggest that managing ecological stakeholder relationship is intimately connected to the idea of creating value for stakeholders through creating ethical relationship with them. In this context, this study posits that with increasing emphasis from the society to assure firms' accountability to multiple stakeholders including the ecological stakeholders, the complexity of relational pressures is greater, when a firm operates in cross-border markets. Furthermore, such pressures are also higher in complex stakeholder relations, when a firm attempts to integrate internationalization and stakeholder theories in CSR-based value creating parameters, as a meaningful relationship with the ecological setting, as a key stakeholder in international markets. In this context, we have proposed propositions at the intersection of the aforementioned theoretical areas. Our synthesis offers novel insights on how firms could proactively manage their relationship with the ecological settings that is a core stakeholder in cross-border market to create stakeholder value.

Item Type: Article
Uncontrolled Keywords: Stakeholder theory, Internationalization theory, Value creation, Environment, International entrepreneurship, CSR
Subjects: N100 Business studies
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: Paul Burns
Date Deposited: 08 Aug 2019 08:55
Last Modified: 02 Dec 2020 16:54

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