Date of Award

Fall 4-18-2024

Degree Type

Dissertation/Thesis

Degree Name

PhD in Business Administration

Department

Management

Committee Chair/First Advisor

Dr. Susan L Young

Second Advisor

Dr. Canan Mutlu

Third Advisor

Dr. Steven Phelan

Abstract

The global effects of climate change challenge firms to develop corporate social responsibility (CSR) practices that meet multiple stakeholders’ expectations. While complying with legislation and regulatory policies, firms must also manage the economic threat from the pressures from stakeholders. Researchers have explored the effect primary stakeholders have on the firm; however, collectively, secondary stakeholders can strengthen their influence with other stakeholders to impact firm decisions. However, this impact has been explored only limitedly. To this point, this study examines secondary stakeholder advocates who use governance to influence firms’ decisions to address their climate efficiency by capturing the behavior of firms (N=120) who self-report their climate efficiency through their CSR activities. By applying the new stakeholder theory, the study tested the proposed influence between the primary and secondary stakeholders on the firm using the ordinary least squares (OLS) fixed effect model. The results of this study found that there is no significant influence on the effect of the firm from the influence of stakeholders who are said to influence firm decisions related to their climate efficiency. However, this study emphasizes the importance of secondary stakeholder advocates as a strong influence on primary stakeholders when collectively joining to create value within the firm.

Available for download on Friday, May 04, 2029

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