DocumentCode
2605019
Title
An empirical study of the relationship between financial performance and enterprise stakeholders´ demand under the social man precondition
Author
Dong-ping, Han ; Ming-ming, Wang ; Ya-ming, Wang
Author_Institution
Sch. of Manage., Harbin Inst. of Technol., Harbin, China
fYear
2010
fDate
24-26 Nov. 2010
Firstpage
1239
Lastpage
1263
Abstract
In addition to delivering high return to shareholders, enterprises should simultaneously take into account the demands of other stakeholders. Although it may be difficult for enterprises to balance the interests among different interested-related groups, the balancing work can not be neglected. After systematically summarizing the related former classic studies, we put forward hypothesis about the relationships between enterprise stakeholders´ demand and the financial performance under the social man precondition. Then an analysis of the hypothesis is empirically presented. The results showed that the stakeholders and interest demand oriented realized degree and financial performance is in a positive correlation, the conclusion is that its stakeholders appeal can promote enterprise´s financial performance. Finally, a method is developed to balance the interests between different stakeholders.
Keywords
financial management; supply and demand; enterprise stakeholders demand; financial performance; interest demand; social man precondition; Companies; Correlation; Financial management; Government; Marketing and sales; Remuneration; Strontium; enterprise stakeholders; financial performance; interest-orientation; social man hypothesis;
fLanguage
English
Publisher
ieee
Conference_Titel
Management Science and Engineering (ICMSE), 2010 International Conference on
Conference_Location
Melbourne, VIC
ISSN
2155-1847
Print_ISBN
978-1-4244-8116-3
Type
conf
DOI
10.1109/ICMSE.2010.5719952
Filename
5719952
Link To Document