{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,18]],"date-time":"2026-05-18T22:21:16Z","timestamp":1779142876882,"version":"3.51.4"},"reference-count":67,"publisher":"Emerald","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2007,1,29]]},"abstract":"<jats:sec>\n                  <jats:title>Purpose<\/jats:title>\n                  <jats:p>To determine whether the strategic commitment of the company to its stakeholders is positively related to its social and financial performance.<\/jats:p>\n               <\/jats:sec>\n               <jats:sec>\n                  <jats:title>Design\/methodology\/approach<\/jats:title>\n                  <jats:p>This paper analyses the mission statements and the sustainability reports, of a sample of 52 Spanish listed firms (70 per cent Madrid stock index capitalization). The vision, mission and values of the company will define its strategic stakeholder or shareholder orientation. In the process of evaluation of the social performance of the firm it is built a scale (strategic consistency index (SCI)) which considers the quality of the sustainability reporting using the GRI Guidelines. Some traditional financial and economic indicators are used to analyse the company's financial performance.<\/jats:p>\n               <\/jats:sec>\n               <jats:sec>\n                  <jats:title>Findings<\/jats:title>\n                  <jats:p>Results show a not very high level of the stakeholder approach in Spanish companies, a high level of publication and quality of sustainability reports and, finally, a positive and not significant relationship between these variables and a positive financial performance.<\/jats:p>\n               <\/jats:sec>\n               <jats:sec>\n                  <jats:title>Research limitations\/implications<\/jats:title>\n                  <jats:p>The unavailability of a long series of sustainability reports is an obstacle for a broader analysis. This research could transmit to companies the positive relationship between social and financial performance.<\/jats:p>\n               <\/jats:sec>\n               <jats:sec>\n                  <jats:title>Originality\/value<\/jats:title>\n                  <jats:p>The use of GRI sustainability reports as a component of a broader corporate sustainability index and the analysis of the strategic commitment to their stakeholders through the construction of a SCI and the relationship with their financial results.<\/jats:p>\n               <\/jats:sec>","DOI":"10.1108\/02635570710719070","type":"journal-article","created":{"date-parts":[[2007,1,15]],"date-time":"2007-01-15T08:56:23Z","timestamp":1168851383000},"page":"84-102","source":"Crossref","is-referenced-by-count":123,"title":["The corporate stakeholder commitment and social and financial performance"],"prefix":"10.1108","volume":"107","author":[{"given":"Jose M.","family":"Moneva","sequence":"first","affiliation":[{"name":"Department of Accounting and Finance, University of Zaragoza, Spain"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Juana M.","family":"Rivera-Lirio","sequence":"additional","affiliation":[{"name":"Department of Finance and Accounting, University Jaume I, Castell\u00f3n, Spain"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Mar\u00eda J.","family":"Mu\u00f1oz-Torres","sequence":"additional","affiliation":[{"name":"Department of Finance and Accounting, University Jaume I, Castell\u00f3n, Spain"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"140","reference":[{"key":"2025072819455862300_b1","unstructured":"AECA(Spanish Accounting and Company Administration Association)\n           (2004), Conceptual Framework on Social Responsibility, Document No. 1 on Corporate Social Responsibility, AECA, Madrid."},{"issue":"3","key":"2025072819455862300_b2","doi-asserted-by":"crossref","first-page":"197","DOI":"10.1002\/smj.441","article-title":"Evolving sustainability: a longitudinal study of corporate sustainable development","volume":"26","author":"Bansal","year":"2005","journal-title":"Strategic Management Journal"},{"issue":"6","key":"2025072819455862300_b3","first-page":"823","article-title":"The relationship between mission statements and firm performance: an exploratory study","volume":"35","author":"Bart","year":"1998","journal-title":"The Journal of Management Studies"},{"issue":"1","key":"2025072819455862300_b4","doi-asserted-by":"crossref","first-page":"19","DOI":"10.1108\/EUM0000000005404","article-title":"A model of the impact of mission statements on firm performance","volume":"39","author":"Bart","year":"2001","journal-title":"Management Decision"},{"issue":"4","key":"2025072819455862300_b5","doi-asserted-by":"crossref","first-page":"393","DOI":"10.1016\/j.emj.2004.06.013","article-title":"A comparison of the quality of European, Japanese and US mission statements: a content analysis","volume":"22","author":"Bartkus","year":"2004","journal-title":"European Management Journal"},{"issue":"1","key":"2025072819455862300_b6","doi-asserted-by":"crossref","first-page":"86","DOI":"10.1016\/j.emj.2005.12.010","article-title":"Mission statement quality and financial performance","volume":"24","author":"Bartkus","year":"2006","journal-title":"European Management Journal"},{"issue":"5","key":"2025072819455862300_b7","doi-asserted-by":"crossref","first-page":"557","DOI":"10.1006\/cpac.2000.0450","article-title":"An account of sustainability: failure, success and a reconceptualization","volume":"12","author":"Bebbington","year":"2001","journal-title":"Critical Perspectives on Accounting"},{"issue":"5","key":"2025072819455862300_b8","doi-asserted-by":"crossref","first-page":"488","DOI":"10.2307\/256972","article-title":"Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance","volume":"42","author":"Berman","year":"1999","journal-title":"Academy of Management Journal"},{"issue":"5","key":"2025072819455862300_b9","doi-asserted-by":"crossref","first-page":"596","DOI":"10.1108\/02635570510599977","article-title":"The signification and the feasibility of measuring globalization of economy","volume":"105","author":"Bobek","year":"2005","journal-title":"Industrial Management & Data Systems"},{"issue":"6","key":"2025072819455862300_b10","doi-asserted-by":"crossref","first-page":"457","DOI":"10.1108\/02635570410543771","article-title":"Knowledge management metrics","volume":"104","author":"Bose","year":"2004","journal-title":"Industrial Management & Data Systems"},{"issue":"1","key":"2025072819455862300_b11","doi-asserted-by":"crossref","first-page":"43","DOI":"10.1108\/02635570610640988","article-title":"Understanding management data systems for enterprise performance management","volume":"106","author":"Bose","year":"2006","journal-title":"Industrial Management & Data Systems"},{"key":"2025072819455862300_b12","unstructured":"Bowen, H.R.\n           (1953), Social Responsibilities of the Businessman, Harper & Row, New York, NY."},{"issue":"4","key":"2025072819455862300_b13","doi-asserted-by":"crossref","first-page":"495","DOI":"10.1016\/0024-6301(96)00041-6","article-title":"How corporate social responsibility pays off","volume":"29","author":"Burke","year":"1996","journal-title":"Long Range Planning"},{"issue":"4","key":"2025072819455862300_b14","doi-asserted-by":"crossref","first-page":"497","DOI":"10.2307\/257850","article-title":"A three dimensional conceptual model of corporate performance","volume":"4","author":"Carroll","year":"1979","journal-title":"Academy of Management Review"},{"issue":"1","key":"2025072819455862300_b15","doi-asserted-by":"crossref","first-page":"92","DOI":"10.2307\/258888","article-title":"A stakeholder framework for analyzing and evaluating corporate social performance","volume":"20","author":"Clarkson","year":"1995","journal-title":"Academy of Management Review"},{"issue":"1","key":"2025072819455862300_b16","doi-asserted-by":"crossref","first-page":"5","DOI":"10.2307\/3665543","article-title":"Corporate stakeholders and corporate finance","volume":"16","author":"Cornell","year":"1987","journal-title":"Financial Management"},{"issue":"7","key":"2025072819455862300_b17","doi-asserted-by":"crossref","first-page":"953","DOI":"10.1108\/02635570610688878","article-title":"Social capital and sustainable behavior of the firm","volume":"106","author":"Danchev","year":"2006","journal-title":"Industrial Management & Data Systems"},{"issue":"1","key":"2025072819455862300_b18","doi-asserted-by":"crossref","first-page":"86","DOI":"10.1111\/1467-8608.00261","article-title":"The social and ethical alchemy: an integrative approach to social and ethical accountability","volume":"11","author":"De Colle","year":"2002","journal-title":"Business Ethics: A European Review"},{"issue":"1","key":"2025072819455862300_b19","doi-asserted-by":"crossref","first-page":"65","DOI":"10.2307\/258887","article-title":"The stakeholder theory of the corporation: concepts, evidence and implications","volume":"20","author":"Donaldson","year":"1995","journal-title":"Academy of Management Review"},{"key":"2025072819455862300_b20","unstructured":"EC\n           (2001), Green Paper: Promoting a European Framework for Corporate Social Responsibility, available at: http:\/\/europa.eu.int\/comm\/employment_social\/soc-dial\/csr.htm."},{"key":"2025072819455862300_b21","unstructured":"EC\n           (2002), Communication from the Commission, Concerning Corporate Social Responsibility: A Business Contribution to Sustainable Development, available at: http:\/\/europa.eu.int\/comm\/employment_social\/soc-dial\/csr\/csr2002_en.pdf."},{"key":"2025072819455862300_b22","doi-asserted-by":"crossref","unstructured":"Elkington, J.\n           (1997), Cannibals with Forks: The Triple Bottom Line of 21st Century Business, Capstone, Oxford.","DOI":"10.1002\/tqem.3310080106"},{"key":"2025072819455862300_b23","unstructured":"Freeman, R.E.\n           (1984), Strategic Management: A Stakeholder Approach, Pitman Publishing Inc., Marshfield, MA."},{"key":"2025072819455862300_b24","doi-asserted-by":"crossref","unstructured":"Freeman, R.E.\n           and McVea, J. (2001), \u201cA stakeholder approach to strategic management\u201d, in Hitt, M., Freeman, R.E. and Harrison, J. (Eds), Handbook of Strategic Management, Blackwell Publishing, Oxford, pp. 189-207.","DOI":"10.2139\/ssrn.263511"},{"issue":"3","key":"2025072819455862300_b25","doi-asserted-by":"crossref","first-page":"364","DOI":"10.1287\/orsc.1040.0066","article-title":"Stakeholder theory and \u2018the corporate objective revisited\u2019","volume":"15","author":"Freeman","year":"2004","journal-title":"Organization Science"},{"key":"2025072819455862300_b26","unstructured":"Friedman, M.\n           (1962), Capitalism and Freedom, University of Chicago Press, Chicago, IL."},{"key":"2025072819455862300_b27","unstructured":"Friedman, M.\n           (1970), \u201cThe social responsibility of business is to increase its profits\u201d, New York Times Magazine, 13 September, pp. 32-3,122,126."},{"issue":"3","key":"2025072819455862300_b28","doi-asserted-by":"crossref","first-page":"221","DOI":"10.1177\/000765039703600302","article-title":"Socially irresponsible and illegal behaviour and shareholder wealth: a meta-analysis of event studies","volume":"36","author":"Frooman","year":"1997","journal-title":"Business and Society"},{"issue":"1-2","key":"2025072819455862300_b29","doi-asserted-by":"crossref","first-page":"51","DOI":"10.1023\/B:BUSI.0000039399.90587.34","article-title":"Corporate social responsibility theories: mapping the territory","volume":"53","author":"Garriga","year":"2004","journal-title":"Journal of Business Ethics"},{"issue":"1","key":"2025072819455862300_b30","doi-asserted-by":"crossref","first-page":"9","DOI":"10.1111\/1467-8608.00207","article-title":"Thirty years of social accounting, reporting and auditing: what (if anything) have we learnt?","volume":"10","author":"Gray","year":"2001","journal-title":"Business Ethics: A European Review"},{"issue":"2","key":"2025072819455862300_b31","doi-asserted-by":"crossref","first-page":"259","DOI":"10.1111\/1467-6486.00051","article-title":"Multiple stakeholder orientation in UK companies and the implications for company performance","volume":"34","author":"Greenley","year":"1997","journal-title":"Journal of Management Studies"},{"key":"2025072819455862300_b32","unstructured":"GRI\n           (2002), Sustainability Reporting Guidelines, Global Reporting Initiative, available at: www.globalreporting.org\/guidelines\/062002guidelines.asp."},{"issue":"1","key":"2025072819455862300_b33","doi-asserted-by":"crossref","first-page":"5","DOI":"10.1177\/000765039703600102","article-title":"The corporate social performance and the corporate financial performance debate","volume":"36","author":"Griffin","year":"1997","journal-title":"Business and Society"},{"key":"2025072819455862300_b34","unstructured":"Harrison, J.S.\n           and St John, C.H. (1994), Strategic Management of Organizations and Stakeholders, West Publishing, St Paul, MN."},{"issue":"2","key":"2025072819455862300_b35","doi-asserted-by":"crossref","first-page":"125","DOI":"10.1002\/1097-0266(200101)22:2<125::AID-SMJ150>3.0.CO;2-H","article-title":"Shareholder value, stakeholder management, and social issues: what's the bottom line?","volume":"22","author":"Hillman","year":"2001","journal-title":"Strategic Management Journal"},{"issue":"1","key":"2025072819455862300_b36","doi-asserted-by":"crossref","first-page":"75","DOI":"10.1111\/j.1467-6486.2006.00583.x","article-title":"Taking friedman seriously: maximizing profits and social performance","volume":"43","author":"Husted","year":"2006","journal-title":"Journal of Management Studies"},{"issue":"2","key":"2025072819455862300_b37","doi-asserted-by":"crossref","first-page":"131","DOI":"10.1007\/s10551-004-3529-7","article-title":"Measuring corporate social performance in france: a critical and empirical analysis of ARESE data","volume":"56","author":"Igalens","year":"2005","journal-title":"Journal of Business Ethics"},{"issue":"2","key":"2025072819455862300_b38","doi-asserted-by":"crossref","first-page":"404","DOI":"10.2307\/258852","article-title":"Instrumental stakeholder theory: a synthesis of ethics and economics","volume":"20","author":"Jones","year":"1995","journal-title":"Academy of Management Review"},{"issue":"1","key":"2025072819455862300_b39","doi-asserted-by":"crossref","first-page":"7","DOI":"10.1007\/s10551-005-0303-4","article-title":"Corporate social responsibility: exploring stakeholder relationship and programme reporting across leading FTSE companies","volume":"61","author":"Knox","year":"2005","journal-title":"Journal of Business Ethics"},{"issue":"1","key":"2025072819455862300_b40","doi-asserted-by":"crossref","first-page":"51","DOI":"10.1504\/IJESD.2004.004688","article-title":"A decade of sustainability reporting: developments and significance","volume":"3","author":"Kolk","year":"2004","journal-title":"International Journal of Environment and Sustainable Development"},{"key":"2025072819455862300_b41","unstructured":"KPMG\n           (2005), KPMG International Survey of Corporate Responsibility Reporting 2005, available at: www.kpmg.ca\/en\/industries\/enr\/energy\/globalSustainabilityReports.html."},{"issue":"4","key":"2025072819455862300_b42","doi-asserted-by":"crossref","first-page":"723","DOI":"10.1080\/0963818022000001000","article-title":"Accountability and accounting regulation: the case of the Spanish environmental disclosure standard","volume":"11","author":"Larrinaga","year":"2002","journal-title":"European Accounting Review"},{"issue":"9","key":"2025072819455862300_b43","doi-asserted-by":"crossref","first-page":"1150","DOI":"10.1108\/02635570510633239","article-title":"Attitude toward ethical behaviour in computer use: a shifting model","volume":"105","author":"Leonard","year":"2005","journal-title":"Industrial Management & Data Systems"},{"issue":"5","key":"2025072819455862300_b44","doi-asserted-by":"crossref","first-page":"739","DOI":"10.1108\/02635570610666476","article-title":"Identifying the pivotal role of participation strategies and information technology application for supply chain excellence","volume":"106","author":"Lin","year":"2006","journal-title":"Industrial Management & Data Systems"},{"key":"2025072819455862300_b45","unstructured":"Llena, F.\n          , Moneva, J.M. and Hernandez, B. (2006), \u201cEnvironmental disclosures and compulsory accounting standards: the case of Spanish annual reports\u201d, Business, Strategy and the Environment, available at: www3.interscience.wiley.com\/cgi-bin\/fulltext\/112315522\/PDFSTART. (accessed 25 January 2006)."},{"issue":"1","key":"2025072819455862300_b47","doi-asserted-by":"crossref","first-page":"117","DOI":"10.2307\/259398","article-title":"Corporate social responsibility: a theory of the firm perspective","volume":"26","author":"McWilliams","year":"2001","journal-title":"Academy of Management Review"},{"issue":"1","key":"2025072819455862300_b48","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/j.1467-6486.2006.00580.x","article-title":"Corporate social responsibility: strategic implications","volume":"43","author":"McWilliams","year":"2006","journal-title":"Journal of Management Studies"},{"issue":"2","key":"2025072819455862300_b46","doi-asserted-by":"crossref","first-page":"268","DOI":"10.2307\/3556659","article-title":"Misery loves companies: rethinking social initiatives by business","volume":"48","author":"Margolis","year":"2003","journal-title":"Administrative Science Quarterly"},{"issue":"4","key":"2025072819455862300_b49","doi-asserted-by":"crossref","first-page":"318","DOI":"10.1111\/1467-8608.00291","article-title":"Shareholders versus stakeholders: corporate mission statements and investors returns","volume":"11","author":"Omran","year":"2002","journal-title":"Business Ethics: A European Review"},{"issue":"3","key":"2025072819455862300_b50","doi-asserted-by":"crossref","first-page":"403","DOI":"10.1177\/0170840603024003910","article-title":"Corporate social and financial performance: a meta-analysis","volume":"24","author":"Orlitzky","year":"2003","journal-title":"Organization Studies"},{"issue":"1","key":"2025072819455862300_b51","doi-asserted-by":"crossref","first-page":"63","DOI":"10.1108\/02635570510575199","article-title":"Strategic information systems planning model for building flexibility and success","volume":"105","author":"Palanisamy","year":"2005","journal-title":"Industrial Management & Data Systems"},{"issue":"3","key":"2025072819455862300_b52","first-page":"15","article-title":"The company mission as a strategic tool","volume":"23","author":"Pearce","year":"1982","journal-title":"Sloan Management Review"},{"issue":"4","key":"2025072819455862300_b53","doi-asserted-by":"crossref","first-page":"407","DOI":"10.1111\/j.0045-3609.2005.00023.x","article-title":"Toward a comprehensive model of stakeholder management","volume":"110","author":"Preble","year":"2005","journal-title":"Business and Society Review"},{"issue":"4","key":"2025072819455862300_b54","doi-asserted-by":"crossref","first-page":"419","DOI":"10.1177\/000765039703600406","article-title":"The corporate social-financial performance relationship: a typology and analysis","volume":"36","author":"Preston","year":"1997","journal-title":"Business and Society"},{"issue":"1","key":"2025072819455862300_b55","doi-asserted-by":"crossref","first-page":"109","DOI":"10.1177\/000765039903800105","article-title":"The relationship between social and financial performance","volume":"38","author":"Roman","year":"1999","journal-title":"Business and Society"},{"issue":"8","key":"2025072819455862300_b56","doi-asserted-by":"crossref","first-page":"390","DOI":"10.1108\/EUM0000000006169","article-title":"Strategic performance evaluation: descriptive and prescriptive analysis","volume":"101","author":"Saad","year":"2001","journal-title":"Industrial Management & Data Systems"},{"issue":"1","key":"2025072819455862300_b57","doi-asserted-by":"crossref","first-page":"27","DOI":"10.1016\/j.emj.2004.12.007","article-title":"The business case for corporate sustainability: literature review and research options","volume":"23","author":"Salzmann","year":"2005","journal-title":"European Management Journal"},{"issue":"4","key":"2025072819455862300_b58","doi-asserted-by":"crossref","first-page":"439","DOI":"10.1016\/S0263-2373(03)00072-0","article-title":"Mission statements: is it time to shelve them?","volume":"21","author":"Sidhu","year":"2003","journal-title":"European Management Journal"},{"issue":"2","key":"2025072819455862300_b59","doi-asserted-by":"crossref","first-page":"175","DOI":"10.1023\/B:BUSI.0000004606.29523.db","article-title":"Corporate social responsibility in the 21st century: a view from the world's most successful firms","volume":"48","author":"Snider","year":"2003","journal-title":"Journal of Business Ethics"},{"issue":"3","key":"2025072819455862300_b60","doi-asserted-by":"crossref","first-page":"263","DOI":"10.1007\/s10551-005-7054-0","article-title":"Corporations, stakeholders and sustainable development I: a theoretical exploration of business-society relations","volume":"61","author":"Steurer","year":"2005","journal-title":"Journal of Business Ethics"},{"issue":"13","key":"2025072819455862300_b61","doi-asserted-by":"crossref","first-page":"1509","DOI":"10.1023\/A:1006020402881","article-title":"A study of the link between a corporation's financial performance and its commitment to ethics","volume":"17","author":"Verschoor","year":"1998","journal-title":"Journal of Business Ethics"},{"key":"2025072819455862300_b62","unstructured":"Waddock, S.A.\n           and Graves, S.B. (1997a), \u201cThe corporate social performance-financial performance link\u201d, Strategic Management Review, Vol. 10, pp. 758-69."},{"issue":"4","key":"2025072819455862300_b63","doi-asserted-by":"crossref","first-page":"303","DOI":"10.1002\/(SICI)1097-0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G","article-title":"The corporate social performance-financial performance link","volume":"18","author":"Waddock","year":"1997","journal-title":"Strategic Management Journal"},{"issue":"4","key":"2025072819455862300_b64","doi-asserted-by":"crossref","first-page":"758","DOI":"10.2307\/258044","article-title":"The evolution of the corporate social performance model","volume":"10","author":"Wartick","year":"1985","journal-title":"Academy of Management Review"},{"issue":"4","key":"2025072819455862300_b65","doi-asserted-by":"crossref","first-page":"691","DOI":"10.2307\/258977","article-title":"Corporate social performance revisited","volume":"16","author":"Wood","year":"1991","journal-title":"Academy of Management Review"},{"key":"2025072819455862300_b66","unstructured":"World Commission on Environment and Development (WCED)\n           (1987), Our Common Future, Oxford University Press, Oxford."},{"issue":"7","key":"2025072819455862300_b67","doi-asserted-by":"crossref","first-page":"461","DOI":"10.1108\/02635570310489160","article-title":"Key issues of accounting information quality management: Australian case studies","volume":"103","author":"Xu","year":"2003","journal-title":"Industrial Management & Data Systems"}],"container-title":["Industrial Management &amp; Data Systems"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/www.emeraldinsight.com\/doi\/full-xml\/10.1108\/02635570710719070","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/02635570710719070\/full\/xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.emerald.com\/imds\/article-pdf\/107\/1\/84\/1213346\/02635570710719070.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/www.emerald.com\/imds\/article-pdf\/107\/1\/84\/1213346\/02635570710719070.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,7,28]],"date-time":"2025-07-28T23:46:10Z","timestamp":1753746370000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.emerald.com\/imds\/article\/107\/1\/84\/178255\/The-corporate-stakeholder-commitment-and-social"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2007,1,29]]},"references-count":67,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2007,1,29]]}},"URL":"https:\/\/doi.org\/10.1108\/02635570710719070","relation":{},"ISSN":["0263-5577","1758-5783"],"issn-type":[{"value":"0263-5577","type":"print"},{"value":"1758-5783","type":"electronic"}],"subject":[],"published":{"date-parts":[[2007,1,29]]}}}