Research notes and commentaries stakeholders, reciprocity, and firm performance

Strategic Management Journal

Volumn 30, Issue 4, 2009, Pages 447-456

  Bosse, Douglas A ^a   Phillips, Robert A ^a   Harrison, Jeffrey S ^a  

^a UNIVERSITY OF RICHMOND   (United States)

Author keywords

Bounded self interest; Fairness; Justice; Reciprocity; Rent creation; Stakeholder theory

Indexed keywords

BOUNDED SELF-INTEREST; FAIRNESS; JUSTICE; RECIPROCITY; RENT CREATION; STAKEHOLDER THEORY;

STRATEGIC PLANNING;

PERSONNEL;

EID: 65449182782     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.743     Document Type: Review

References (58)

1. Adams JS. 1965. Inequity in social exchange. In Advances in Experimental Social Psychology, (Vol. 2), Berkovitz L (ed). Academic Press: New York; 267-299.
2. Akerlof GA. 1982. Labor contracts as partial gift exchange. Quarterly Journal of Economics 97: 543-569.
3. Ambrose ML, Seabright MA, Schminke M. 2002. Sabotage in the workplace: the role of organizational injustice. Organizational Behavior and Human Decision Processes 89: 947-965.
4. Asher CC, Mahoney JM, Mahoney JT. 2005. Towards a property rights foundation for a stakeholder theory of the firm. Journal of Management and Governance 9(1): 5-32.
5. Axelrod R. 1980. More effective choice in the prisoner's dilemma. Journal of Conflict Resolution 24: 379-403.
6. Barden JQ, Steensma HK, Lyles MA. 2005. The influence of parent control structure on parent conflict in Vietnamese international joint ventures: an organizational justice-based contingency approach. Journal of International Business Studies 36: 156-175.
7. Becker L. 1986. Reciprocity. University of Chicago Press: Chicago, IL.
8. Bewley TF. 1998. Why not cut pay? European Economic Review 42: 459-490.
9. Bies RJ, Moag JS. 1986. Interactional justice: Communication criteria for justice. In Justice in the Workplace, Sheppard B (ed). Lawrence Erlbaum: Mahwah, NJ; 197-208.
10. Blair MM. 1995. Ownership and Control: Rethinking Corporate Governance for the Twenty-First Century. Brookings Institution: Washington, DC.
11. Blair MM, Stout LA. 1999. A team production theory of corporate law. Virginia Law Review 85: 248-328.
12. Blanchflower DG, Oswald AJ, Sanfey P. 1996. Wages, profits, and rent-sharing. Quarterly Journal of Economics 111: 227-252.
13. Bowles S. 1998. Endogenous preferences: the cultural consequences of markets and other economic institutions. Journal of Economic Literature 36: 75-111.
14. Bowles S, Gintis H. 1998. The evolution of strong reciprocity. Santa Fe Institute, Research in Economics Working paper 98-08-073E.
15. Brosnan SF, de Waal FBM. 2003. Monkeys reject unequal pay. Nature 425: 297-299.
16. Chen CC, Choi J, Chi S. 2002. Making justice sense of local-expatriate compensation disparity: mitigation by local referents, ideological explanations, and interpersonal sensitivity in China-foreign joint ventures. Academy of Management Journal 45: 807-817.
17. Chung SA, Singh H, Lee K. 2000. Complementarity, status similarity and social capital as drivers of alliance formation. Strategic Management Journal 21(1): 1-22.
18. Cialdini RB. 1984. Influence: The Psychology of Persuasion. William Morrow and Company: New York.
19. Coff RW. 1999. When competitive advantage doesn't lead to performance: the resource-based view and stakeholder bargaining power. Organization Science 10: 119-133.
20. Colquitt JA, Conlon DE, Wesson MJ, Porter COLH, Ng KY. 2001. Justice at the millennium: a metaanalytic review of 25 years of justice research. Journal of Applied Psychology 86(3): 424-445.
21. Cropanzano R, Bowen DE, Guilliland SW. 2007. The management of organizational justice. Academy of Management Perspectives 21: 34-48.
22. Cropanzano R, Mitchell MS. 2005. Social exchange theory: an interdisciplinary review. Journal of Management 31: 874-900.
23. Donaldson T, Preston LE. 1995. The stakeholder theory of the corporation: concepts, evidence, and implications. Academy of Management Review 20: 65-91.
24. Dunfee TW. 2006. A critical perspective of integrative social contracts theory: recurring criticisms and next generation research topics. Journal of Business Ethics 68(3): 303-328. Economist 2007. Patience, fairness and the human condition. 6 October: 94.
25. Ekeh PP. 1974. Social Exchange Theory. Harvard University Press: Cambridge, MA.
26. Fehr E, G̈achter S. 2000. Fairness and retaliation: the economics of reciprocity. Journal of Economic Perspectives 14: 159-181.
27. Fombrum C, Shanley M. 1990. What's in a name? Reputation building and corporate strategy. Academy of Management Journal 33: 233-258.
28. Freeman RE. 1984. StrategicManagement: A Stakeholder Approach. Pitman Publishing: Boston, MA.
29. Friedman M. 1966. The methodology of positive economics. In Essays in Positive Economics. University of Chicago Press: Chicago, IL; 3-43.
30. Frooman J. 1999. Stakeholder influence strategies. Academy of Management Review 24: 191-205.
31. Ghoshal S. 2005. Bad management theories are destroying good management practices. Academy of Management Learning & Education 4: 75-91.
32. Granovetter M. 1985. Economic action and social structure: the problem of embeddedness. American Journal of Sociology 91: 481-510.
33. Greenberg J. 1988. Equity and workplace status: a field experiment. Journal of Applied Psychology 73: 606-613.
34. Greenberg J. 1993. Stealing in the name of justice: informational and interpersonal moderators of theft reactions to underpayment inequity. Organizational Behavior and Human Decision Processes 54: 81-103.
35. Jolls C, Sunstein CR, Thaler R. 1998. A behavioral approach to law and economics. Stanford Law Review 50: 1471-1550.
36. Kim WC, Mauborgne R. 1998. Procedural justice, strategic decision making, and the knowledge economy. Strategic Management Journal, April Special Issue 19: 323-338.
37. Larson A. 1992. Network dyads in entrepreneurial settings: a study of the governance of exchange relationships. Administrative Science Quarterly 37: 76-104.
38. Leiblein MJ. 2003. The choice of organizational governance form and performance: predictions from transaction cost, resource-based, and real options theories. Journal of Management 29(6): 937-961.
39. Leventhal GS, Karuza J, Fry WR. 1980. Beyond justice: a theory of allocation preferences. In Justice and Social Interaction, Mikula G (ed). Springer-Verlag: New York; 167-218.
40. Li SX, Rowley TJ. 2002. Inertia and evaluation mechanisms in interorganizational partner selection: syndicate formation among U.S. investment banks. Academy of Management Journal 45: 1104-1118.
41. Lincoln JR, Gerlach ML, Takahashi P. 1992. Keiretsu networks in the Japanese economy: a dyad analysis of intercorporate ties. American Sociological Review 57: 561-585.
42. Lind EA, Tyler T. 1988. The Social Psychology of Procedural Justice. Plenum: New York.
43. Luo Y. 2007. The independent and interactive roles of procedural, distributive, and interactional justice in strategic alliances. Academy of Management Journal 50: 644-664.
44. Luo Y. 2008. Procedural fairness and interfirm cooperation in strategic alliances. Strategic Management Journal 29(1): 27-46.
45. Mitchell RK, Agle BR, Wood DJ. 1997. Toward a theory of stakeholder identification and salience: defining the principle of who and what really counts. Academy of Management Review 22: 853-886.
46. Nelson WR Jr. 2001. Incorporating fairness into game theory and economics: comment. American Economic Review 91(4): 1180-1183.
47. Offerman T. 2002. Hurting hurts more than helping helps. European Economic Review 46(8): 1423-1437.
48. Phillips RA. 2003. Stakeholder Theory and Organizational Ethics. Berrett-Koehler: San Francisco, CA.
49. Piekkola H, Kauhanen A. 2003. Rent sharing as firmlevel pay. International Journal of Manpower 24: 426-451.
50. Rabin M. 1993. Incorporating fairness into game theory and economics. American Economic Review 83(5): 1281-1302.
51. Rabin M. 1998. Psychology and economics. Journal of Economic Literature 36(1): 11-46.
52. Rawls J. 1999. Justice as reciprocity. In Collected Papers: John Rawls, Freeman S (ed). Harvard University Press: Cambridge, MA; 190-224.
53. Rumelt RP, Schendel DE, Teece DJ. 1994. Fundamental Issues in Strategy: A Research Agenda. Harvard Business School Press: Boston, MA.
54. Schoefer K, Ennew C. 2005. The impact of perceived justice on consumers' emotional responses to service complaint experiences. Journal of Services Marketing 19(5): 261-270.
55. Skarlicki DP, Kulik CT. 2005. Third-party reactions to employee (mis)treatment: a justice perspective. In Research in Organizational Behavior, Staw BM, Kramer RM (eds). 26: 183-229.
56. Trivers RL. 1971. The evolution of reciprocal altruism. Quarterly Review of Biology 46(1): 35-57.
57. Wade-Benzoni KA. 2002. A golden rule over time: reciprocity in intergenerational allocation decisions. Academy of Management Journal 45: 1011-1028.
58. Williamson OE. 1985. The Economic Institutions of Capitalism. Free Press: New York.