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Journal Article

Who Matters to CEOs? An Investigation of Stakeholder Attributes and Salience, Corporate Performance, and CEO Values

Bradley R. Agle, Ronald K. Mitchell and Jeffrey A. Sonnenfeld
The Academy of Management Journal
Vol. 42, No. 5, Special Research Forum on Stakeholders, Social Responsibility, and Performance (Oct., 1999), pp. 507-525
Published by: Academy of Management
Stable URL: http://www.jstor.org/stable/256973
Page Count: 19
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Who Matters to CEOs? An Investigation of Stakeholder Attributes and Salience, Corporate Performance, and CEO Values
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Abstract

Using unique data provided by the CEOs of 80 large U.S. firms, we examined relationships among the stakeholder attributes of power, legitimacy, urgency, and salience; CEO values; and corporate performance. We found strong support for the attribute-salience relationship and some significant relationships among CEO values, salience, and corporate social performance but found no support for a salience-financial performance link. Our findings suggest a need for continued emphasis on the development of normative stakeholder theory.

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