Territories in transformation: multi-stakeholder governance strategies and social value creation in community–company relations

Purpose – The purpose of this study is to analyze three Brazilian territories marked by tense relationships between companies and communities, seeking to understand how these ties are constructed over time.Design/methodology/approach – This study adopts an exploratory qualitative approach (Eisenhardt, 1989). From an epistemological standpoint, the study is grounded in an interpretivist perspective (Cunliffe, 2011).Findings – The findings indicate that multi-stakeholder governance is a dynamic process, in which organizational arrangements, power distribution and forms of social value creation are continuously reconfigured over time. The study demonstrates how governance models emerge, evolve and are contested throughout the relationship cycle, thereby influencing the generation of social value.Social implications – Although the study does not measure social impact through public policy indicators, its findings engage with key challenges of the 2030 Agenda, particularly sustainable development goals (SDG) 16 (governance, coordination and legitimacy in contexts of institutional fragility), SDG 10 (power asymmetries and the expansion of community participation) and SDG 11 (territorial dynamics and firm–community relationships). Thus, the article provides an analytical foundation for understanding how multistakeholder arrangements may enable or constrain more equitable and sustainable responses in Global Southterritories.Originality/value – This study makes three contributions to the literature on multi-stakeholder governance (Bridoux & Stoelhorst, 2022) and social value creation (Lazzarini, 2020).