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
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;
Conference_Titel :
Management Science and Engineering (ICMSE), 2010 International Conference on
Conference_Location :
Melbourne, VIC
Print_ISBN :
978-1-4244-8116-3
DOI :
10.1109/ICMSE.2010.5719952