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Corporate ethical identity as a determinant of firm performance : a test of the mediating role of stakeholder satisfaction

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorBerrone, Pascual Alberto
dc.contributor.authorSurroca Aguilar, Jorge
dc.contributor.authorTribo Gine, José Antonio
dc.date.accessioned2010-04-12T10:11:26Z
dc.date.available2010-04-12T10:11:26Z
dc.date.issued2007-11
dc.description.abstractIn this article, we empirically assess the impact of corporate ethical identity (CEI) on a firm’s financial performance. Drawing on formulations of normative and instrumental stakeholder theory, we argue that firms with a strong ethical identity achieve a greater degree of stakeholder satisfaction (SS), which, in turn, positively influences a firm’s financial performance. We analyze two dimensions of the CEI of firms: corporate revealed ethics and corporate applied ethics. Our results indicate that revealed ethics has informational worth and enhances shareholder value, whereas applied ethics has a positive impact through the improvement of SS. However, revealed ethics by itself (i.e. decoupled from ethical initiatives) is not sufficient to boost economic performance.
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.identifier.bibliographicCitationJournal of Business Ethics, 2007, v. 76, n. 1, pp. 35-53
dc.identifier.doi10.1007/s10551-006-9276-1
dc.identifier.issn1573-0697
dc.identifier.publicationfirstpage35
dc.identifier.publicationissue1
dc.identifier.publicationlastpage53
dc.identifier.publicationtitleJournal of Business Ethics
dc.identifier.publicationvolume76
dc.identifier.urihttps://hdl.handle.net/10016/6085
dc.language.isoeng
dc.publisherSpringer
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s10551-006-9276-1
dc.rights©Springer
dc.rights.accessRightsopen access
dc.subject.ecienciaEmpresa
dc.subject.otherBusiness ethics
dc.subject.otherCorporate ethical identity
dc.subject.otherFinancial performance
dc.subject.otherStakeholder satisfaction
dc.subject.otherStakeholder theory
dc.titleCorporate ethical identity as a determinant of firm performance : a test of the mediating role of stakeholder satisfaction
dc.typeresearch article*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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