IDEAS home Printed from https://ideas.repec.org/a/fgv/eaerae/v64y2024i4a90984.html

Value distribution to stakeholders: A study on power and strategic importance on the Toronto stock exchange

Author

Listed:
  • de Araujo, Mauricio Mendonça
  • Jhunior, Ronaldo de Oliveira Santos
  • Uchoa, Mariana Torres
  • Boaventura, João Mauricio Gama

Abstract

The different stakeholder groups and their influence on value distribution have received increasing attention from organizations and academia. In the recent stakeholder literature, there has been a theoretical development on value distribution, considering the attributes of strategic importance and power; however, the literature still lacks empirical studies to analyze and understand the relationship. This paper examines the association between stakeholders’ power and strategic importance and the value distribution to them by publicly traded companies on the Toronto Stock Exchange (TSX). To obtain relevant information on companies’ treatment of their stakeholders, we analyzed the content of 104 prospectuses for the TSX IPO process from 2008 to 2019. The results reveal that power and strategic importance are relevant to the distribution of value to stakeholders and that the strategic importance of stakeholders has a more significant influence than their power. Regarding contributions, our study advances previous debates in stakeholder literature in theoretical and practical terms.

Suggested Citation

  • de Araujo, Mauricio Mendonça & Jhunior, Ronaldo de Oliveira Santos & Uchoa, Mariana Torres & Boaventura, João Mauricio Gama, 2024. "Value distribution to stakeholders: A study on power and strategic importance on the Toronto stock exchange," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 64(4), April.
    • Handle: RePEc:fgv:eaerae:v:64:y:2024:i:4:a:90984
    as

    Download full text from publisher

    File URL: https://periodicos.fgv.br/rae/article/view/90984
    Download Restriction: no
    ---><---

    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:fgv:eaerae:v:64:y:2024:i:4:a:90984. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Núcleo de Computação da FGV EPGE (email available below). General contact details of provider: https://edirc.repec.org/data/eagvfbr.html .

    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.