Stakeholder Salience for Small Businesses : A Social Proximity Perspective

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Lähdesmäki , M , Siltaoja , M & Spence , L 2019 , ' Stakeholder Salience for Small Businesses : A Social Proximity Perspective ' , Journal of Business Ethics , vol. 158 , no. 2 , pp. 373-385 . https://doi.org/10.1007/s10551-017-3707-z

Title: Stakeholder Salience for Small Businesses : A Social Proximity Perspective
Author: Lähdesmäki, Merja; Siltaoja, Marjo; Spence, Laura
Contributor: University of Helsinki, Ruralia Institute, Seinäjoki
Date: 2019-08
Language: eng
Number of pages: 13
Belongs to series: Journal of Business Ethics
ISSN: 0167-4544
URI: http://hdl.handle.net/10138/308733
Abstract: This paper advances stakeholder salience theory from the viewpoint of small businesses. It is argued that the stakeholder salience process for small businesses is influenced by their local embeddedness, captured by the idea of social proximity, and characterised by multiple relationships that the owner-manager and stakeholders share beyond the business context. It is further stated that the ethics of care is a valuable ethical lens through which to understand social proximity in small businesses. The contribution of the study conceptualises how the perceived social proximity between local stakeholders and small business owner-managers influences managerial considerations of the legitimacy, power and urgency of stakeholders and their claims. Specifically, the paradoxical nature of close relationships in the salience process is acknowledged and discussed.
Subject: 5141 Sociology
511 Economics
Ethics of care
Local embeddedness
Small business
Social proximity
Stakeholder relations
Stakeholder salience
MEDIUM-SIZED ENTERPRISES
INTERFIRM NETWORKS
ETHICAL ATTITUDES
IDENTITY
RESPONSIBILITY
SMES
CSR
IDENTIFICATION
FIRMS
EMBEDDEDNESS
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