South African Journal of Economic and Management Sciences
On-line version ISSN 1015-8812
ANGELOPOULOS, Georgios; PARNELL, John A and SCOTT, Gregory J. Performance satisfaction, shareholder and stakeholder orientations: managers' perceptions in three countries across continents. S. Afr. j. econ. manag. sci. [online]. 2013, vol.16, n.2, pp. 199-215. ISSN 1015-8812.
Managers working in South Africa, Peru and the United States were classified as stakeholder- and/or shareholder-oriented along the Perceived Role of Ethics and Social Responsibility (PRESOR) scale. The relationship between stakeholder/shareholder orientation and perceptions of organisational performance was further explored. In South Africa and overall, respondents with both high stakeholder and low shareholder orientations reported the greatest performance satisfaction. In Peru, managers with a high stakeholder orientation reported the greatest satisfaction with organisational performance. A significant link between stakeholder or shareholder orientation and performance satisfaction was not found in the United States, however. Directions for future research are outlined.
Keywords : PRESOR; shareholder; stakeholder; stockholder; ethics; corporate social responsibility; Peru; South Africa; United States.