Who matters to CEOs? An investigation of stakeholder attributes and salience, corporate performance, and CEO values

Bradley R. Agle, Ronald K. Mitchell, Jeffrey A. Sonnenfeld

Research output: Contribution to journalArticlepeer-review

951 Scopus citations

Abstract

Using unique data provided by the CEOs of 80 large U.S. firms, we examined relationships among the stakeholder attributes of power, legitimacy, urgency, and salience; CEO values; and corporate performance. We found strong support for the attribute-salience relationship and some significant relationships among CEO values, salience, and corporate social performance but found no support for a salience-financial performance link. Our findings suggest a need for continued emphasis on the development of normative stakeholder theory.

Original languageEnglish
Pages (from-to)507-525
Number of pages19
JournalAcademy of Management Journal
Volume42
Issue number5
DOIs
StatePublished - Oct 1999

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