Hofman, Peter S., Wang, Yiyu, Kim, Youngun, and Gunessee, Sailesh (2024) Exploring stakeholder configurations based on three dimensions of companies’ stakeholder relations. In: [Presented at the 37th ANZAM Conference]. From: 37th ANZAM Conference: Celebrating management research, its impact & future, 3-5 December 2023, Wollongong, NSW, Australia.

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Abstract

Our research investigates the engagement of companies with stakeholders. We argue that companies develop specific stakeholder configurations that are connected to their strategic and value orientations. Prior literature mostly examines stakeholder engagement for all stakeholders or focuses on a specific stakeholder. We explore what stakeholder configurations exist by looking at three dimensions of stakeholder relationships: 1) stakeholder prioritization, 2) stakeholder breadth, 3) and stakeholder engagement depth. Based on a sample of 1921 international corporations and by utilizing cluster analysis, we distinguish four dominant stakeholder configurations and classify them as a more broadly oriented managing-for-stakeholders, a more limited stakeholder focused shareholder primacy orientation, a primary stakeholder focused customer centric orientation, and a socially oriented stakeholder configuration with deeper engagement with secondary stakeholders. We discuss antecedents and consequences of different stakeholder configurations.

Item ID:	86984
Item Type:	Conference Item (Presentation)
Keywords:	stakeholder engagement; corporate social responsibility; stakeholder configurations; stakeholder theory
Related URLs:	https://anzamconference.org/
Funders:	James Cook University Singapore Internal Research Grant
Date Deposited:	16 Sep 2025 01:50
FoR Codes:	35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350717 Stakeholder engagement @ 100%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150302 Management @ 50% 13 CULTURE AND SOCIETY > 1303 Ethics > 130302 Business ethics @ 50%
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