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Dostęp zamkniętyBroad or Narrow Stakeholder Management? A Signaling Theory Perspective
| cris.lastimport.scopus | 2024-02-12T19:52:19Z |
| dc.abstract.en | To mitigate risk, should companies signal a broad range of environmental, social, and governance (ESG) initiatives or instead focus on only a few ESG issues? Drawing on signaling theory, we propose that a broad array of ESG initiatives generates not only signal consistency but also accelerating signal costs. Our empirical results support the resultant hypothesis of a curvilinear relationship between ESG scope and equity risk. In addition, this U-shaped curve seems to become steeper when firms face multiple media-reported ESG controversies. Overall, our study qualifies the conventional wisdom that firms can reduce equity risk by attending to a wide variety of stakeholders and highlights the moderating (signal-amplifying) impact of the firm’s media environment. |
| dc.affiliation | Uniwersytet Warszawski |
| dc.contributor.author | Boehe, Dirk M. |
| dc.contributor.author | Fu, Limin |
| dc.contributor.author | Orlitzky, Marc |
| dc.date.accessioned | 2024-01-24T18:56:56Z |
| dc.date.available | 2024-01-24T18:56:56Z |
| dc.date.issued | 2022 |
| dc.description.finance | Publikacja bezkosztowa |
| dc.description.number | 7 |
| dc.description.volume | 61 |
| dc.identifier.doi | 10.1177/00076503211053018 |
| dc.identifier.issn | 0007-6503 |
| dc.identifier.uri | https://repozytorium.uw.edu.pl//handle/item/102562 |
| dc.identifier.weblink | https://journals.sagepub.com/doi/full/10.1177/00076503211053018 |
| dc.language | eng |
| dc.pbn.affiliation | management and quality studies |
| dc.relation.ispartof | Business and Society |
| dc.relation.pages | 1838-1880 |
| dc.rights | ClosedAccess |
| dc.sciencecloud | nosend |
| dc.subject.en | corporate social performance (CSP) |
| dc.subject.en | corporate social responsibility (CSR) |
| dc.subject.en | environmental, social, and governance (ESG) performance |
| dc.subject.en | signaling theory |
| dc.subject.en | stakeholder management |
| dc.title | Broad or Narrow Stakeholder Management? A Signaling Theory Perspective |
| dc.type | JournalArticle |
| dspace.entity.type | Publication |