IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v32y2023i7p4683-4692.html
   My bibliography  Save this article

The environment and climate change as a primary stakeholder for accommodation suppliers: Stakeholder engagement for Koh Tao and Koh Phi Phi, Thailand

Author

Listed:
  • Janto S. Hess
  • Ilan Kelman
  • Rachel Dodds

Abstract

This study investigates the potential recognition and engagement of the natural environment as an important factor in strategic investment decisions by accommodation suppliers in a small island context. The investigation, based on empirical data from two Thai islands, Koh Tao and Koh Phi Phi, contributes to the debate if the environment, by focusing on climate change, can be identified as a primary stakeholder for accommodation suppliers. The findings show that strategic investment decisions are influenced by impacts commonly associated with climate change, although a conscious recognition of climate change as a strategic stakeholder or important factor in strategic investment decisions could not be confirmed. Conversely, the element of unconsciousness in the process of recognising climate change in investment decisions sparks questions regarding the degree to which the recognition of business stakeholders requires being a conscious process and if the focus on investments could be another element for stakeholder identification frameworks for businesses.

Suggested Citation

  • Janto S. Hess & Ilan Kelman & Rachel Dodds, 2023. "The environment and climate change as a primary stakeholder for accommodation suppliers: Stakeholder engagement for Koh Tao and Koh Phi Phi, Thailand," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4683-4692, November.
    • Handle: RePEc:bla:bstrat:v:32:y:2023:i:7:p:4683-4692
    DOI: 10.1002/bse.3387
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.3387
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.3387?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Del Chiappa, Giacomo & Usai, Stefano & Cocco, Antonio & Atzeni, Marcello, 2018. "Sustainable Tourism Development and Climate Change: A Supply-Side Perspective," MPRA Paper 90099, University Library of Munich, Germany, revised 11 Mar 2018.
    2. W. J. W. Botzen & J. C. J. M. Van Den Bergh, 2008. "Insurance Against Climate Change and Flooding in the Netherlands: Present, Future, and Comparison with Other Countries," Risk Analysis, John Wiley & Sons, vol. 28(2), pages 413-426, April.
    3. Jill Brown & William Forster, 2013. "CSR and Stakeholder Theory: A Tale of Adam Smith," Journal of Business Ethics, Springer, vol. 112(2), pages 301-312, January.
    4. Linda O’Riordan & Jenny Fairbrass, 2008. "Corporate Social Responsibility (CSR): Models and Theories in Stakeholder Dialogue," Journal of Business Ethics, Springer, vol. 83(4), pages 745-758, December.
    5. Tiberio Daddi & Niccolò Maria Todaro & Maria Rosa De Giacomo & Marco Frey, 2018. "A Systematic Review of the Use of Organization and Management Theories in Climate Change Studies," Business Strategy and the Environment, Wiley Blackwell, vol. 27(4), pages 456-474, May.
    6. David Christopher Sprengel & Timo Busch, 2011. "Stakeholder engagement and environmental strategy – the case of climate change," Business Strategy and the Environment, Wiley Blackwell, vol. 20(6), pages 351-364, September.
    7. Matias Laine, 2010. "The Nature of Nature as a Stakeholder," Journal of Business Ethics, Springer, vol. 96(1), pages 73-78, August.
    8. Jessica Mercer, 2010. "Disaster risk reduction or climate change adaptation: Are we reinventing the wheel?," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(2), pages 247-264.
    9. Freeman, R. Edward, 1994. "The Politics of Stakeholder Theory: Some Future Directions1," Business Ethics Quarterly, Cambridge University Press, vol. 4(4), pages 409-421, October.
    10. Orts, Eric W. & Strudler, Alan, 2002. "The Ethical and Environmental Limits of Stakeholder Theory," Business Ethics Quarterly, Cambridge University Press, vol. 12(2), pages 215-233, April.
    11. Ana Beatriz Lopes de Sousa Jabbour & Diego Vazquez‐Brust & Charbel José Chiappetta Jabbour & Daniela Andriani Ribeiro, 2020. "The interplay between stakeholders, resources and capabilities in climate change strategy: converting barriers into cooperation," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1362-1386, March.
    12. Phillips, Robert & Freeman, R. Edward & Wicks, Andrew C., 2003. "What Stakeholder Theory is Not," Business Ethics Quarterly, Cambridge University Press, vol. 13(4), pages 479-502, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Barchiesi, Maria Assunta & Fronzetti Colladon, Andrea, 2021. "Corporate core values and social responsibility: What really matters to whom," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    2. Yves Fassin, 2012. "Stakeholder Management, Reciprocity and Stakeholder Responsibility," Journal of Business Ethics, Springer, vol. 109(1), pages 83-96, August.
    3. Nardia Haigh & Andrew Griffiths, 2009. "The natural environment as a primary stakeholder: the case of climate change," Business Strategy and the Environment, Wiley Blackwell, vol. 18(6), pages 347-359, September.
    4. Samantha Miles, 2012. "Stakeholder: Essentially Contested or Just Confused?," Journal of Business Ethics, Springer, vol. 108(3), pages 285-298, July.
    5. Samantha Miles, 2017. "Stakeholder Theory Classification: A Theoretical and Empirical Evaluation of Definitions," Journal of Business Ethics, Springer, vol. 142(3), pages 437-459, May.
    6. Silvana Signori & Gianfranco Rusconi, 2009. "Ethical Thinking in Traditional Italian Economia Aziendale and the Stakeholder Management Theory: The Search for Possible Interactions," Journal of Business Ethics, Springer, vol. 89(3), pages 303-318, November.
    7. Y. Fassin, 2008. "The Stakeholder Model Refined," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/529, Ghent University, Faculty of Economics and Business Administration.
    8. Sylvie Faucheux & Isabelle Nicolaï, 2009. "Indicateurs de Développement Durable dans les entreprises : Vers un contrat social ?," Post-Print hal-01799295, HAL.
    9. Niccolò Maria Todaro & Francesco Testa & Tiberio Daddi & Fabio Iraldo, 2021. "The influence of managers' awareness of climate change, perceived climate risk exposure and risk tolerance on the adoption of corporate responses to climate change," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1232-1248, February.
    10. Tommy Jensen & Johan Sandström, 2013. "In Defence of Stakeholder Pragmatism," Journal of Business Ethics, Springer, vol. 114(2), pages 225-237, May.
    11. Ruben Burga & Davar Rezania, 2016. "Stakeholder theory in social entrepreneurship: a descriptive case study," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-15, December.
    12. Nina Evans & Janet Sawyer, 2010. "CSR and stakeholders of small businesses in regional South Australia," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 6(3), pages 433-451, August.
    13. Andrew West, 2016. "Applying Metaethical and Normative Claims of Moral Relativism to (Shareholder and Stakeholder) Models of Corporate Governance," Journal of Business Ethics, Springer, vol. 135(2), pages 199-215, May.
    14. Robbin Derry, 2012. "Reclaiming Marginalized Stakeholders," Journal of Business Ethics, Springer, vol. 111(2), pages 253-264, December.
    15. Ballantyne, Erica E.F. & Lindholm, Maria & Whiteing, Anthony, 2013. "A comparative study of urban freight transport planning: addressing stakeholder needs," Journal of Transport Geography, Elsevier, vol. 32(C), pages 93-101.
    16. Yves Fassin, 2010. "A Dynamic Perspective in Freeman’s Stakeholder Model," Journal of Business Ethics, Springer, vol. 96(1), pages 39-49, August.
    17. Allen Kaufman & Ernie Englander, 2011. "Behavioral Economics, Federalism, and the Triumph of Stakeholder Theory," Journal of Business Ethics, Springer, vol. 102(3), pages 421-438, September.
    18. Lite J. Nartey & Witold J. Henisz & Sinziana Dorobantu, 2023. "Reciprocity in Firm–Stakeholder Dialog: Timeliness, Valence, Richness, and Topicality," Journal of Business Ethics, Springer, vol. 183(2), pages 429-451, March.
    19. Yafet Yosafet Wilben Rissy, 2021. "The stakeholder model: its relevance, concept, and application in the Indonesian banking sector," Journal of Banking Regulation, Palgrave Macmillan, vol. 22(3), pages 219-231, September.
    20. Lorenzo Dorigo & Giuseppe Marcon, 2014. "A caring interpretation of stakeholder management for the social enterprise. Evidence from a regional survey of micro social cooperatives in the Italian welfare mix," Working Papers 01, Department of Management, Università Ca' Foscari Venezia.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:32:y:2023:i:7:p:4683-4692. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.