Stakeholder engagement, military ties, and firm performance

Thanakorn Suriyapongprapai · Pattanaporn Chatjuthamard · Arnat Leemakdej · Sirimon Treepongkaruna

24 citations0/0 files storedCorporate Social Responsibility and Environmental Management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Social Responsibility Reporting Military and Defense Studies Political Influence and Corporate Strategies

Abstract

Abstract Corporate social responsibility (CSR) and stakeholder engagement have become increasingly important in the global economy. Socially responsible firms take their engagement with stakeholders seriously. Yet, the military, a very important stakeholder in Thailand is rarely investigated. Motivated by this and the importance of CSR and stakeholder engagement, we explore whether and which channels of military ties influence firm performance in the Thai stock market. To alleviate potential endogeneity and omitted variables concerns, we adopt two stages of least square instrumental‐variable analysis. Consistent with resource dependency theory, we find military ties increase firm performance and the influence of military ties is much stronger during the military‐led government. In general market conditions, this relation is in fact driven by the indirect ties through the training of the National Defence College of Thailand (NDCT). However, during military‐led government, the ties through NDCT worsen firm performance while direct military ties increase firm performance.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 24 citations exist upstream.

References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1979The External Control of Organizations: A Resource Dependence Perspective 1995The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications 1995The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications 2007Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆2013The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness 2002Cronyism and capital controls: evidence from Malaysia 2013Are red or blue companies more likely to go green? Politics and corporate social responsibility

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.