{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,6,30]],"date-time":"2026-06-30T13:17:21Z","timestamp":1782825441301,"version":"3.54.5"},"reference-count":66,"publisher":"Emerald","issue":"13","license":[{"start":{"date-parts":[[2023,10,30]],"date-time":"2023-10-30T00:00:00Z","timestamp":1698624000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["K"],"published-print":{"date-parts":[[2023,12,18]]},"abstract":"<jats:sec><jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title><jats:p>Sustainability has long been known to present an epistemic challenge. In the corporate setting, this challenge translates into the difficulties experienced by managers not only in devising solutions to corporate sustainability problems, but even in developing the awareness of the latter. The paper explores how these difficulties may be overcome by corporate stakeholder management policies.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title><jats:p>The paper develops a conceptual framework that reconstructs the Hayekian theory of market process in the context of Williamson's (1996) distinction between autonomous and cooperative adaptation.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Findings<\/jats:title><jats:p>Applying the Hayekian theory of market process to the process of engagement and collaboration of corporate stakeholders, the paper shows how the latter process may address the epistemic challenge of corporate sustainability and derives implications for the design of business models for sustainability.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title><jats:p>The paper informs stakeholder theory in two ways: first, stakeholder theory is given a novel justification in terms of reflecting the growing prominence of cooperative adaptation and second, corporate stakeholder management is shown to be crucial for maximizing not only economic but also sustainability performance.<\/jats:p><\/jats:sec>","DOI":"10.1108\/k-05-2023-0819","type":"journal-article","created":{"date-parts":[[2023,11,5]],"date-time":"2023-11-05T23:22:26Z","timestamp":1699226546000},"page":"61-77","source":"Crossref","is-referenced-by-count":34,"title":["Sustainability and stakeholder theory: a processual perspective"],"prefix":"10.1108","volume":"52","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-4247-0364","authenticated-orcid":false,"given":"Vladislav","family":"Valentinov","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"140","published-online":{"date-parts":[[2023,10,30]]},"reference":[{"issue":"2","key":"key2023120816211913200_ref001","doi-asserted-by":"crossref","first-page":"187","DOI":"10.5465\/amr.2019.0077","article-title":"Where do stakeholders come from?","volume":"48","year":"2023","journal-title":"Academy of Management Review"},{"key":"key2023120816211913200_ref002","volume-title":"The Functions of the Executive","year":"1938"},{"key":"key2023120816211913200_ref003","volume-title":"Sustainability Ethics and Sustainability Research","year":"2012"},{"issue":"1","key":"key2023120816211913200_ref004","doi-asserted-by":"crossref","first-page":"18","DOI":"10.1002\/bse.1758","article-title":"Commitment strategies for sustainability: how business firms can transform trade\u2010offs into win\u2013win outcomes","volume":"23","year":"2014","journal-title":"Business Strategy and the Environment"},{"key":"key2023120816211913200_ref005","volume-title":"Economics, Political Economy and Social Philosophy","year":"2018"},{"key":"key2023120816211913200_ref006","unstructured":"Boulding, K.E. 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