Orientamento allo stakeholder engagement e performance economiche nelle aziende bancarie: un’analisi empirica

Titolo Rivista ECONOMIA E DIRITTO DEL TERZIARIO
Autori/Curatori Bruna Marinangeli
Anno di pubblicazione 2013 Fascicolo 2012/3
Lingua Italiano Numero pagine 17 P. 319-335 Dimensione file 500 KB
DOI 10.3280/ED2012-003001
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più clicca qui

Qui sotto puoi vedere in anteprima la prima pagina di questo articolo.

Se questo articolo ti interessa, lo puoi acquistare (e scaricare in formato pdf) seguendo le facili indicazioni per acquistare il download credit. Acquista Download Credits per scaricare questo Articolo in formato PDF

Anteprima articolo

FrancoAngeli è membro della Publishers International Linking Association, Inc (PILA)associazione indipendente e non profit per facilitare (attraverso i servizi tecnologici implementati da CrossRef.org) l’accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche

Negli ultimi decenni lo stakeholder engagement (SE) si è progressivamente affermato come necessità del management; l’attuale crisi finanziario-economica, però, avendo evidenziato le debolezze di una gestione d’impresa talvolta opaca e speculativa, ha determinato un rinnovato interesse verso il tema valorizzando il ruolo del SE anche nell’ambito del dibattito teorico (Tanno, Zappi, 2009). Il lavoro si propone di analizzare l’impatto dell’orientamento allo stakeholder engagement sulla performance delle banche italiane, con l’obiettivo di pervenire ad indicazioni utili per un’efficace ed efficiente gestione che ne massimizzi gli effetti positivi sulla redditività. Nella verifica empirica si osserva un campione di banche commerciali italiane con riferimento agli anni 2005-2011, utilizzando il modello della regressione lineare multipla. I risultati dell’analisi attestano, per il periodo osservato, l’impatto positivo dell’orientamento allo stakeholder engagement, che se confermato da successive indagini potrebbe produrre specifiche implicazioni in termini di indicazioni di best practice per gli intermediari bancari italiani;

  1. AccountAbility, UNEP, Stakeholder Research Associates, Stakeholder Engagement Handobook, 2005.
  2. Andriof, J., Waddock, S., Husted, B., Rahman, S., Unfolding Stakeholder Thinking 2: Relations, Communication, Reporting and Performance, Sheffield, Greenleaf Publishing, 2003.
  3. Azmi, R.A., Business Ethics as competitive advantage for companies in the globalization era, WP Series, ssrn papers, 2006.
  4. Ayuso, S., Rodriguez, M.A., Garcia, R., Arino, M.A., “Maximizing stakeholders’ interests: an empirical analysis of the stakeholder approach to corporate governance”, WP N. 670, IESE Business School, University of Navarra, 2007.
  5. Becchetti, L., Di Giacomo, S., Pinnacchio, D., Corporate social responsibility and corporate performance: evidence from a panel of US listed companies, in «Applied Economics», 2008, 40, pp. 541-567. DOI: 10.1080/00036840500428112
  6. Berman, S.L., Wicks, A.C., Kotha, S., Jones, T.M., Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance, in «Academy of Management Journal», 1999, 42, 5, pp. 488-506.
  7. Brickley, J.A., Smith, C.W. Jr, Zimmerman, J.L., Business ethics and organizational architecture, in «Journal of Banking and Finance», 2002, 26, 9, pp. 1821-1835.
  8. Burke, L., Logsdon, J.M., How corporate social responsibility pays off, in «Longe Range Planning», 1996, 29, 4, pp. 495-502.
  9. Callado-Muñoz, F.J., Utrero-Gonzalez, N., Does it pay to be socially responsible? Evidence from Spain’s retail banking sector, in «European Financial Management», 2009, 15.
  10. Carroll, A., Corporate social performance measurement: a commentary on methods for evaluating an elusive construct, in Research in Corporate Social Performance and Policy, Greenwich, James Post, Jai Press, 1991
  11. Carroll, A., A three-dimensional conceptual model of corporate social performance, in «Academy of Management Review», 1979, 4, 4, pp. 497-505.
  12. Clarkson, M., A stakeholder framework for analyzing and evaluating corporate social performance, in «Academy of Management Review», 1995, 20, 1, pp. 99-112.
  13. Cowton, C., Thompson, P., Do Codes Make a Difference? The Case of Bank Lending and the Environment, in «Journal of Business Ethics», 2000, 24, 2, pp. 165-178
  14. DeMaCarty, P., Financial returns of Corporate Social Responsibility, and the moral freedom and responsibility of business leaders, in «Business and Society Review», 2009, 114, 3, pp. 393-433
  15. Donaldson, T., Preston, L.E., La teoria degli stakeholder dell’impresa: concetti, evidenza ed implicazioni, in Teoria degli stakeholder, a cura di E. Freeman, G., Rusconi, M. Dorigatti, Roma, FrancoAngeli, 2007
  16. Freeman, R.E., The politics of stakeholder theory: some future directions, in «Business Ethics Quarterly», 1994, 4, 4, pp. 409-421.
  17. Freeman, R.E., Strategic management: a stakeholder approach, Boston, Pittman Press, 1984.
  18. Freeman, R.E., Reed, D.L., Stockholders and stakeholders: a new perspective on corporate governance, in «California Management Review», 1983, XXV, 3, pp. 88- 106
  19. Friedman, A.L., Miles, S., Stakeholders theory and practice, New York, Oxford University Press, 2006
  20. Greenley, G.E., Foxall, G.R., Multiple stakeholder orientation in UK companies and the implications for company performance, in «Journal of Management Studies», 1997, 34, n. 2, pp. 163-182
  21. Greenley, G.E., Foxall, G.R., Consumer and nonconsumer stakeholder orientation in UK companies, in «Journal of Business Research», 1996, 35, 2, pp. 105-116.
  22. Griffin, J., Mahon, J., The corporate social performance and corporate financial performance debate: 25 years of incomparable research, in «Business and Society », 1997, 36, pp. 5-31. DOI: 10.1177/000765039703600102
  23. Hammann, E., Habisch, A., Pechlaner, H., Values that create values: socially responsible business practice in SMEs – empirical evidence from German companies, in «Business Ethics: a European Review», 2009, 18, 1, pp. 83-93.
  24. Hart, S.L., Sharma, S., Engaging fringe stakeholders for competitive imagination, in «Academy of Management Executive», 2004, 18, 1, pp. 7-18.
  25. Hillman, A.J., Keim, G.D., Shareholder value, stakeholder management, and social issues: what’s the bottom line?, in «Strategic Management Journal», 2001, 22, 2, pp. 125-139
  26. Husted, B.W., Allen, D.B., Strategic corporate social responsibility and value creation among large firms. Lessons from the Spanish experience, in «Long Range Planning », 2007, 40, pp. 594-610. DOI: 10.1016/j.lrp.2007.07.001
  27. Jones, T.M., Instrumental stakeholder theory: a synthesis of ethics and economics, in «Academy of Management Review», 1995, 20, 2, pp. 404-437.
  28. Kotter J., Heskett, J., Corporate culture and performance, New York, Free Press, 1992.
  29. Luk, C.L., Yau, O.H.M., Tse, A.C.B., Sin,, L.Y.M., Chow, R.P.M, Stakeholder orientation and business performance: the case of service companies in China, in «Journal of International Marketing», 2005, 13,1, pp. 89-110.
  30. Margolis, J.D., Walsh, J., Misery loves companies: rethinking social initiative by business, in «Administrative Science Quarterly», 2003, 48, 2, pp. 655-689.
  31. McWilliams, A., Siegel, D., Corporate social responsibility and financial performance: Correlation or misspecification?, in «Strategic Management Journal», 2000, 21, 5, pp. 603-609.
  32. Narver, J.C., Slater, S.F., The effects of market orientation on business profitability, in «Journal of Marketing», 1990, 54, October, pp. 20-35. DOI: 10.2307/1251757.
  33. Ogden, S., Watson, R., Corporate performance and stakeholder management: balancing shareholder and customer interests in the U.K. privatized water industry, in «Academy of Management Journal», 1999, 42, 5, pp. 526-538.
  34. Pava, L., Krausz, J., The association between corporate social responsibility and financial performance, in «Journal of Business Ethics», 1996, 15, pp. 321-357. DOI: 10.007/BF00382958.
  35. Passaro, R., Thomas, A., Le determinanti ambientali e soggettive dei valori imprenditoriali per il successo dell’impresa, in «Scritti in onore di Vittorio Coda», in www.vittoriocoda2009.com, 2010
  36. Peng, M.W., Luo, Y., Managerial ties and firm performance in a transition economy: the nature of a micro-macro link, in «Academy of Management Journal», 2000, 43, 3, pp. 486-501
  37. Post, J.E., Preston, L.E., Sachs, S., Redefining the corporation, Stanford, Stanford University Press, 2002
  38. Preston, L.E., O’Bannon, D.P., The corporate social-financial performance relationship: a typology and analysis, in «Business and Society», 1997, 36, 4, pp. 419-429.
  39. Ricart, J.E., Rodriguez, M.A., Sanchez P., Sustainability in the boardroom: an empirical examination of Dow Jones Sustainability World Index leaders, in «Corporate Governance», 2005, 5, 3, pp. 24-41.
  40. Rowley, T., Berman, S., A brand new brand of corporate social performance, in «Business and Society», 2000, 39, 4, pp. 397-418.
  41. Rusconi, G., Stakeholder Theory and business economics (Economia Aziendale), in «Economia Aziendale on Line», 2009, 3.
  42. Rusconi, G., Il bilancio sociale. Economia, etica e responsabilità dell’impresa, Roma, Ediesse, 2006.
  43. San-Jose, L., Retolaza, J.L., Gutierrez, J., Ethical banks: an alternative in the financial crisis, 22nd EBEN Annual Conference Athens, Greece, ssrn papers, 2009
  44. San-Jose, L., Retolaza, L.J., Information Transparency as a differentiation factor of ethical banking in Europe: a Radical Affinity Index Approach, in «The ICFAI Journal of Bank Management», 2008, 7, 23, pp. 7-22.
  45. Sharma, S., Vredenburg, H., Proactive corporate environmental strategy and the development of competitively valuable organizational capabilities, in «Strategy Management Journal», 1998, 19, 8, pp. 729-753.
  46. Schwab, K., A breakdown in our values, in «Guardian.co.uk», Guardian News & Media Limited, 2010.
  47. Simpson, W.G., Kohers, T., The link between corporate social and financial performance: evidence from the banking industry, in «Journal of Business Ethics», 2002, 35, 2, pp. 97-109.
  48. Signori, S., Rusconi, G., Dorigatti, M. (a cura di), Etica e finanza, Roma, FrancoAngeli, 2006.
  49. Stanwick, P.A., Stanwick, S.D., The relationship between corporate social performance and organizational size, financial performance, and environmental performance: an empirical examination, in «Journal of Business Ethics», 1998, 17, 2, pp. 195- 204.
  50. Swanson, D., Addressing a theoretical problem by reorienting the CSP model, in «Academy of Management Review», 1995, 20, 1, pp. 43-64.
  51. Tanno, A., Zappi, G., Corporate social responsibility e compliance in banca: una visione integrata per creare valore, in «Bancaria», 2009, 65, 3, pp. 89-95.
  52. Valverde, S.C., Fernandez, F.R., The determinants of bank margins in European banking, in «Journal of Banking & Finance», 2007, 31, 7, pp. 2043-2063.
  53. Werther, W.B., Chandler, D., Strategic corporate social responsibility. Stakeholders in a global environment, London, Sage, 2006
  54. Wood, D., Corporate social performance revisited, in «Academy of Management Review », 1991, 16, 4, pp. 691-718.

Bruna Marinangeli, Orientamento allo stakeholder engagement e performance economiche nelle aziende bancarie: un’analisi empirica in "ECONOMIA E DIRITTO DEL TERZIARIO " 3/2012, pp 319-335, DOI: 10.3280/ED2012-003001