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Executives’ Stakeholder Values in the Prediction of Work Process Change

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  • Nathan T. Washburn
  • David A. Waldman
  • Mary F. Sully de Luque
  • Min Z. Carter

Abstract

Stakeholder values are promoted as a guiding principle for executives, but researchers know very little about how the utilization of stakeholder values by executives actually impacts the firms they lead. In this study, we propose that a positive relationship exists between executive stakeholder values and work process change in organizations. We further hypothesize that the congruence of CEO and top management team (TMT) members’ stakeholder values is positively related to this type of organizational change. Results of the analysis confirm that CEO stakeholder values are related to changes in work processes, but not changes to the formal firm structure involving acquisitions or divestitures. Additionally, we find that congruence between CEO and TMT stakeholder values is associated with changes to work processes, and that these changes tend to occur more when CEO and TMT stakeholder values are aligned at higher levels, compared to lower levels of such values.

Suggested Citation

  • Nathan T. Washburn & David A. Waldman & Mary F. Sully de Luque & Min Z. Carter, 2018. "Executives’ Stakeholder Values in the Prediction of Work Process Change," Journal of Management Studies, Wiley Blackwell, vol. 55(8), pages 1423-1451, December.
    • Handle: RePEc:bla:jomstd:v:55:y:2018:i:8:p:1423-1451
    DOI: 10.1111/joms.12394
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    Cited by:

    1. Radka MacGregor Pelikánová & Robert Kenyon MacGregor & Martin Èernek, 2021. "New trends in codes of ethics: Czech business ethics preferences by the dawn of COVID-19," Oeconomia Copernicana, Institute of Economic Research, vol. 12(4), pages 973-1009, December.
    2. Julia Prömpeler & Dennis B. Veltrop & Janka I. Stoker & Floor A. Rink, 2023. "Striving for sustainable development at the top: Exploring the interplay of director and CEO values on environmental sustainability focus," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 5068-5082, November.
    3. Adam P. Balcerzak & Radka MacGregor Pelikánová, 2020. "Projection of SDGs in Codes of Ethics—Case Study about Lost in Translation," Administrative Sciences, MDPI, vol. 10(4), pages 1-18, November.

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