RT Generic
T1 Corporate ethical identity as determinant of firm performance : a test of the mediating role of stakeholder satisfaction
A1 Berrone, Pascual Alberto
A1 Surroca Aguilar, Jorge
A1 Tribo Gine, José Antonio
AB In this article, we empirically assess the impact of the Corporate Ethical Identity (CEI) on the firm's financial performance. Drawing on formulation of both normative and instrumental stakeholder theory, we argue that firms with a strong ethical identity achieve greater degree of stakeholder satisfaction, which in turn, positively influence the firms' financial performance. We further analyze two different dimensions of the CEI of firms: corporate revealed ethics and corporate applied ethics. Our results indicate that while revealed ethics has informational worth and enhance shareholder value, applied ethics has a positive impact through the improvement of stakeholder satisfaction. However, revealed ethics by itself (i.e. decoupled from ethical initiatives) is not sufficient to boost economic performance.
YR 2005
FD 2005-04
LK https://hdl.handle.net/10016/112
UL https://hdl.handle.net/10016/112
LA eng
LA eng
DS e-Archivo
RD 28 may. 2024