What question did this study set out to answer?

The study aims to explore how different stakeholder management models influence corporate financial performance.

Does Stakeholder Orientation Matter? The Relationship Between Stakeholder Management Models and Firm Financial Performance

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Randomized trial investigates stakeholder management models' impact on firm performance, suggesting strategic approaches matter more.

The study aims to explore how different stakeholder management models influence corporate financial performance.
Derived two distinct stakeholder management models from existing research.
Tested the descriptive accuracy of the models using relevant strategy variables.
Analyzed the relationship between stakeholder management and corporate performance.
Support found for a strategic stakeholder management model impacting financial performance.
No support found for an intrinsic stakeholder commitment model.
Implications for management practices and future research directions were discussed.

Berman et al. (1999) studied this question.

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