Matches in SemOpenAlex for { <https://semopenalex.org/work/W4383376360> ?p ?o ?g. }
- W4383376360 abstract "To shield stakeholders from exploitation, society increasingly expects organizations to engage with stakeholders. While exploitation of stakeholders is of great concern, economic literature points to the costly nature of stakeholder engagement vis-à-vis alternative mechanisms that protect stakeholders, such as competitive markets. When the costs of stakeholder engagement outweigh the benefits, why would organizations engage with stakeholders? Through an analysis of the cooperative enterprise and a comparison with its capitalist counterpart, we theorize two additional reasons why stakeholder engagement is beneficial. First, we explain how stakeholder engagement facilitates long-term organizational resilience and protection of stakeholders in times of crisis, and second, we show how engagement is a decisive ingredient in answering non-economic value requirements of stakeholders. To conclude, we contribute to the broader stakeholder engagement and cooperative literature by stressing that engagement practices, and particularly democratic governance arrangements, are subject to design principles that sometimes favor stakeholders in capitalist firms." @default.
- W4383376360 created "2023-07-07" @default.
- W4383376360 creator A5027448758 @default.
- W4383376360 creator A5045807012 @default.
- W4383376360 creator A5076992658 @default.
- W4383376360 date "2023-07-05" @default.
- W4383376360 modified "2023-09-23" @default.
- W4383376360 title "Exit, Voice, or Both: Why Organizations Engage With Stakeholders" @default.
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