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Toward a Novel Approach to Companies-Stakeholder Relationship: Modeling IBEX35 Long Run Value Creation

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Corporate Social Responsibility in a Dynamic Global Environment

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

Abstract

This article analyzes the relationship between IBEX35 companies with their stakeholders. Previous research points out two relevant aspects for the long run value creation in organizations with CSR strategies: first, the existence of a stakeholder’s dialog which allows building a joint materiality matrix and, second, the ability to manage interest groups, where some relevant elements have been identified, such as the recommended proactivity of organizations. These elements are completed by carrying out a qualitative analysis of the best practices in the Dow Jones Sustainability Index (DJSI) companies, and further, the IBEX35 companies’ relationship performance with their stakeholders is studied, for which stakeholder approach (theory) and the renewed accountability standards have been considered. Results are presented in a radar/spider chart where IBEX35 companies are compared against best performing DJSI companies.

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Notes

  1. 1.

    This point is finally dispensed with for a possible analysis of the purpose.

  2. 2.

    https://www.spglobal.com/esg/csa/yearbook/ranking/ (retrieved 1/9/2020)

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Author information

Authors and Affiliations

  1. University of Alcalá, Alcalá de Henares, Spain

    Manuel Moreno, Elena Mañas, Oscar Montes-Pineda & Beatriz Fernández-Olit

Authors
  1. Manuel Moreno
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  2. Elena Mañas
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  3. Oscar Montes-Pineda
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  4. Beatriz Fernández-Olit
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Corresponding author

Correspondence to Manuel Moreno .

Editor information

Editors and Affiliations

  1. Lisbon Accounting and Business School, Lisbon, Portugal

    Irene Guia Arraiano

  2. Department of Business Administration and Santander Financial Institute (SANFI), University of Cantabria, Santander, Spain

    Belén Díaz

  3. Department of Economics, Society and Politics, University of Urbino Carlo Bo, Urbino, Italy

    Mara Del Baldo

  4. BFH, Bern, Switzerland

    René Schmidpeter

  5. Guildhall School of Business and Law, London Metropolitan University, London, UK

    Samuel O. Idowu

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Moreno, M., Mañas, E., Montes-Pineda, O., Fernández-Olit, B. (2023). Toward a Novel Approach to Companies-Stakeholder Relationship: Modeling IBEX35 Long Run Value Creation. In: Arraiano, I.G., Díaz, B., Del Baldo, M., Schmidpeter, R., Idowu, S.O. (eds) Corporate Social Responsibility in a Dynamic Global Environment. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-031-24647-0_18

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