Stakeholder Management and Performance: a View from Two Perspectives

Despite the recent increase in research by academic, practitioners and the focus from the policy makers, the topics of Corporate Social Responsibility (CSR) and Stakeholder Management still remain relatively misunderstood. This book tackles the concepts of CSR and Stakeholder Management from a more encompassing perspective, looking at their effects in both the for-profit and the non-profit sector. From a for-profit perspective, the book begins by examining and empirically testing the insurance properties of CSR in the context of an economy-wide crisis (the 2008 Lehman Brothers' bankruptcy). In the second half of the book, a non-profit perspective is utilized in investigating the effects of Stakeholder Management and its relationship with organizational effectiveness in the case of art museums, which represents a cleaner environment with which to test Stakeholder Theory. Overall, the book provides readers with an indepth review of the current state of the literature as well as discusses new empricial evidence from a two perspective approach that informs companies, investors, as well as policy makers in terms of better understanding CSR and Stakeholder Management.