In the name of the stakeholder: An assessment of representation surpluses and deficits by nonprofit leaders

Schubert, Peter and Willems, Jurgen (2020) In the name of the stakeholder: An assessment of representation surpluses and deficits by nonprofit leaders. Nonprofit Management and Leadership. ISSN 1048-6682

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Abstract

Nonprofit leaders face the challenge of making deci- sions within a complex environment of heterogeneous and often competing stakeholder claims. In such a set- ting, leaders not only make judgments about the power of their organization's stakeholders but they also make conscious choices about which stakeholders they per- sonally represent while making organizational decisions. This study uses insights from stakeholder theory and agency theory to investigate (1) how nonprofit leaders' perceptions of stakeholder power and stake- holder representation are interrelated across a wide range of stakeholder groups and organizations, and (2) how perceptions of power and representation differ between board members and executive managers. Drawing on data from 491 nonprofit leaders, we find evidence of stakeholder representation surpluses and deficits for several stakeholders, although perceptions of these deficits and surpluses differ considerably between board members and managers. Our study holds important implications for nonprofit governance, the practice of stakeholder analysis, and the use of stakeholder constructs in future empirical research.

Item Type: Article
Additional Information: Open access funding enabled and organized by Projekt DEAL. Online Version of Record before inclusion in an issue.
Keywords: common agency, quantitative-exploratory, stakeholder power, stakeholder representation, stakeholder theory
Version of the Document: Published
Depositing User: ePub Administrator
Date Deposited: 04 Nov 2020 12:56
Last Modified: 19 Jan 2021 16:06
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/97149/
URI: https://epub.wu.ac.at/id/eprint/7820

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