000			01901naa a2200193uu 4500
001			0042614464537
003			OSt
005			20190211171217.0
008			100426s2009 xx ||||gr |0|| 0 eng d
100	1		_aCHOI, Jaepil _930554
245	1	0	_aStakeholder relations and the persistence of corporate financial performance
260			_aBognor Regis : _bWiley-Blackwell, _cAugust 2009
520	3		_aWe examine the effect of a firm's relations with its nonfinancial stakeholders, including its employees, suppliers, customers, and communities, on the persistence of both superior and inferior financial performance. In particular, integrating and extending the resource-based view of the firm and stakeholder management literatures, we develop the arguments that good stakeholder relations not only enable a firm with superior financial performance to sustain its competitive advantage for a longer period of time, but more importantly, also help poorly performing firms to recover from disadvantageous positions more quickly. The arguments are supported by the analysis of a series of first-order autoregressive models. Our findings further suggest that the positive effect of good stakeholder relations on the persistence of superior performance is not as strong as that of some other firm resources, such as technological knowledge, but it is the only factor examined that promises to help a firm recover from inferior performance. Therefore, the role of positive stakeholder relations in helping poorly performing firms recover is found to be more critical than its role in helping superior firms sustain their performance advantage.
700	1		_aWANG, Heli _935751
773	0	8	_tStrategic Management Journal _g30, 8, p. 895-907 _dBognor Regis : Wiley-Blackwell, August 2009 _xISSN 01432095 _w
942			_cS
998			_a20100426 _b1446^b _cDaiane
998			_a20100428 _b1702^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c32591 _d32591
041			_aeng