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Stakeholder integration, environmental sustainability orientation and financial performance

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  • Danso, Albert
  • Adomako, Samuel
  • Lartey, Theophilus
  • Amankwah-Amoah, Joseph
  • Owusu-Yirenkyi, Diana

Abstract

Despite the growing research on the influence of stakeholder integration on organizational outcomes, our understanding of the specific firm-level conditions that may mediate the relationship between stakeholder integration and financial performance is lacking. Using primary data gathered from 233 small and medium-sized enterprises in Ghana, we found empirical support for our contention that the link between stakeholder integration and financial performance is mediated by a firm's environmental sustainability orientation (ESO). In addition, our study demonstrated that competitive intensity moderates the indirect relationship between stakeholder integration and financial performance in such a way that the indirect effect through environmental sustainability orientation is stronger for higher levels of industry competition. We discuss theoretical and managerial implications of these findings.

Suggested Citation

  • Danso, Albert & Adomako, Samuel & Lartey, Theophilus & Amankwah-Amoah, Joseph & Owusu-Yirenkyi, Diana, 2020. "Stakeholder integration, environmental sustainability orientation and financial performance," Journal of Business Research, Elsevier, vol. 119(C), pages 652-662.
    • Handle: RePEc:eee:jbrese:v:119:y:2020:i:c:p:652-662
    DOI: 10.1016/j.jbusres.2019.02.038
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