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Who gets attention? firms' shifting stakeholder orientation at times of ownership volatility

Presented at Chicago
Publication date2018
Abstract

Research on firms' stakeholder orientation has described two perspectives: An ex ante narrow orientation towards their shareholders and an ex ante broad orientation towards all their stakeholders. Both streams rely on the assumption of long-term owners, who create spillovers to other stakeholders or enable synergies between stakeholders and shareholders. However, stock-holding periods have become much shorter over the past decades, causing unprecedented ownership volatility. In this paper, we clarify the impact of ownership volatility on stakeholder orientation.

Citation (ISO format)
SCHAD, Jonathan, LUGER, Johannes, RAISCH, Sebastian. Who gets attention? firms” shifting stakeholder orientation at times of ownership volatility. In: Academy of management annual conference. Chicago. [s.l.] : [s.n.], 2018. doi: 10.5465/AMBPP.2018.221
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