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RESOURCE DEPENDENCE, MANAGERIAL DISCRETION AND STAKEHOLDER PERFORMANCE.

Shawn L. Berman · Robert A. Phillips · Andrew C. Wicks

35 citations0/0 files storedAcademy of Management Proceedings

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Corporate Social Responsibility Reporting Management and Organizational Studies Political Influence and Corporate Strategies

Abstract

Since Freeman's (1984) work on stakeholder theory, a number of scholars have suggested that resource dependence theory provides a useful lens through which to view firm-stakeholder relationships (Frooman, 1999; Mitchell, Agle, & Wood, 1997; Rowley, 1997). This paper tests the extent of this proposed linkage. We develop hypotheses based on Boyd's (1990, 1995) operationalization of the three dimensions of environmental uncertainty identified by Dess & Beard (1984): munificence, dynamism, and complexity. Extending prior stakeholder research (Berman, Wicks, Kotha and Jones, 1999), we employ what we call

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2006Industry Social Analysis 2011Senior manager overconfidence, managerial discretion and dividend policy: A study of Chinese listed companies

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