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Stakeholder Orientation and its Effect on Employee Perspective Taking and Job Satisfaction

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Little research has examined the effects of stakeholder theory on employees. This paper focuses on the individual decision-maker, the employee, as a unit of analysis. We measure employees’ perceptions of the extent to which their firm is willing to create value for a limited (i.e. shareholders) or a broad group of stakeholders and call this stakeholder orientation. We suggest that stakeholder orientation positively impacts job satisfaction via perspective taking. Four studies provide support for our hypotheses. This paper enriches the scholarship on stakeholder theory and job satisfaction by demonstrating how a new predictor, stakeholder orientation, can affect employee job satisfaction.

Author(s):

Karim Ginena    
University of Virginia - Darden School of Business
United States

Bidhan Parmar    
University of Virginia - Darden School of Business
United States

Andrew Wicks    
University of Virginia - Darden School of Business
United States