Territories in transformation: multi-stakeholder governance strategies and social value creation in community–company relations
Article Sidebar
Main Article Content
Abstract
Purpose – The purpose of this study is to analyze three Brazilian territories marked by tense relationships between companies and communities, seeking to understand how these ties are constructed over time.
Design/methodology/approach – This study adopts an exploratory qualitative approach (Eisenhardt, 1989). From an epistemological standpoint, the study is grounded in an interpretivist perspective (Cunliffe, 2011).
Findings – The findings indicate that multi-stakeholder governance is a dynamic process, in which organizational arrangements, power distribution and forms of social value creation are continuously reconfigured over time. The study demonstrates how governance models emerge, evolve and are contested throughout the relationship cycle, thereby influencing the generation of social value.
Social implications – Although the study does not measure social impact through public policy indicators, its findings engage with key challenges of the 2030 Agenda, particularly sustainable development goals (SDG) 16 (governance, coordination and legitimacy in contexts of institutional fragility), SDG 10 (power asymmetries and the expansion of community participation) and SDG 11 (territorial dynamics and firm–community relationships). Thus, the article provides an analytical foundation for understanding how multistakeholder arrangements may enable or constrain more equitable and sustainable responses in Global South
territories.
Originality/value – This study makes three contributions to the literature on multi-stakeholder governance (Bridoux & Stoelhorst, 2022) and social value creation (Lazzarini, 2020).
Downloads
Metrics
Article Details
A RAE compromete-se a contribuir com a proteção dos direitos intelectuais do autor. Nesse sentido:
- adota a licença Creative Commoms BY (CC-BY) em todos os textos que publica, exceto quando houver indicação de específicos detentores dos direitos autorais e patrimoniais;
- adota software de detecção de similaridades;
- adota ações de combate ao plagio e má conduta ética, alinhada às diretrizes do Committee on Publication Ethics (COPE)
References
Aguilera, R. V., Aragón-Correa, J. A., Marano, V., & Tashman, P. A. (2021). The corporate governance of environmental sustainability: A review and proposal for more integrated research. Journal of Management, 47(6), 1468-1497.
Bacq, S., & Aguilera, R. V. (2022). Stakeholder governance for responsible innovation: A theory of value creation, appropriation, and distribution. Journal of Management Studies, 59(1), 29-60.
Bacq, S., Hertel, C., & Lumpkin, G. T. (2022). Communities at the nexus of entrepreneurship and societal impact: A cross-disciplinary literature review. Journal of Business Venturing, 37(5), 106231.
Banerjee, S. B. (2007). Corporate social responsibility: The good, the bad and the ugly. Corporate social responsibility, Edward Elgar Publishing.
Bapuji, H., Husted, B. W., Lu, J., & Mir, R. (2018). Value creation, appropriation, and distribution: How firms contribute to societal economic inequality. Business & Society, 57(6), 983-1009.
Bridoux, F., & Stoelhorst, J. W. (2022a). Stakeholder governance: Solving the collective action problems in joint value creation. Academy of Management Review, 47(2), 214-236.
Bridoux, F., & Stoelhorst, J. W. (2022b). Stakeholder theory, strategy, and organization: Past, present, and future. Strategic Organization, 20(4), 797-809.
Clarkson, M. E. (1995). A stakeholder framework for analyzing and evaluating corporate social performance. The Academy of Management Review, 20(1), 92-117.
Coase, R. H. (1960). The problem of social cost. The Journal of Law and Economics, 56(4), 837-877.
Creswell, J. W., & Creswell, J. D. (2017). Research design: Qualitative, quantitative, and mixed methods approaches. Sage Publications.
Cunliffe, A. L. (2011). Crafting qualitative research: Morgan and Smircich 30 years on. Organizational Research Methods, 14(4), 647-673.
Dmytriyev, S. D., Freeman, R. E., & Hörisch, J. (2021). The relationship between stakeholder theory and corporate social responsibility: Differences, similarities, and implications for social issues in management. Journal of Management Studies, 58(6), 1441-1470.
Doh, J. P., Littell, B., & Quigley, N. R. (2015). CSR and sustainability in emerging markets: Societal, institutional, and organizational influences. Organizational Dynamics, 44(2), 112-120.
Dorobantu, S., & Odziemkowska, K. (2017). Valuing stakeholder governance: Property rights, community mobilization, and firm value. Strategic Management Journal, 38(13), 2682-2703.
Eisenhardt, K. M. (1989). Building theories from case study research. The Academy of Management Review, 14(4), 532-550.
Freeman, R. E. (1984). Strategic management: A stakeholder approach, Cambridge University Press.
Freudenreich, B., Lüdeke-Freund, F., & Schaltegger, S. (2020). A stakeholder theory perspective on business models: Value creation for sustainability. Journal of Business Ethics, 166(1), 3-18.
Fundação Oswaldo Cruz. (2023). Mineradora braskem é responsável por uma série de prejuízos econômicos, emocionais e morais à população de maceió, com dezenas de suicídios. Retrieved from https://mapadeconflitos.ensp.fiocruz.br/conflito/conflito-de-extrema-complexidade-entre- populacao-de-maceio-e-mina-de-sal-gema-da-braskem-envolve-danos-irreparaveis/
Gama, M. A., Casnici, C. V. C., Bassi-Suter, M., Gonzalez-Perez, M. A., & Fleury, M. T. L. (2025). The impact of corporate social responsibility in home countries on the financial resilience of emerging-market multinationals: An analysis on Brazilian MNEs. Journal of Business Research, 192, 115290.
Garcia-Castro, R., & Aguilera, R. V. (2015). Incremental value creation and appropriation in a world with multiple stakeholders. Strategic Management Journal, 36(1), 137-147.
Gatignon, A., & Capron, L. (2023). The firm as an architect of polycentric governance: Building open institutional infrastructure in emerging markets. Strategic Management Journal, 44(1), 48-85.
George, G., Fewer, T. J., Lazzarini, S., McGahan, A. M., & Puranam, P. (2024). Partnering for grand challenges: A review of organizational design considerations in public–private collaborations. Journal of Management, 50(1), 10-40.
Hill, C. W., & Jones, T. M. (1992). Stakeholder-agency theory. Journal of Management Studies, 29(2), 131-154.
Kern, P., & Gospel, H. (2023). The effects of strategy and institutions on value creation and appropriation in firms: A longitudinal study of three telecom companies. Strategic Management Journal, 44, 343-366, 10.1002/smj.3129.
Klein, P. G., Mahoney, J. T., McGahan, A. M., & Pitelis, C. N. (2019). Organizational governance adaptation: Who is in, who is out, and who gets what. Academy of Management Review, 44(1), 6-27.
Lashitew, A. A., Bals, L., & Van Tulder, R. (2020). Inclusive business at the base of the pyramid: The role of embeddedness for enabling social innovations. Journal of Business Ethics, 162(2), 421-448.
Lazzarini, S. G. (2020). The nature of the social firm: Alternative organizational forms for social value creation and appropriation. Academy of Management Review, 45(3), 620-645, 10.5465/amr.2018. 0015.
Leão, P., Gama, M. A. B., & Fleury, M. T. L. (2023). Desenvolvendo capacidade dinâmica em estratégias sociais. Revista de Administração de Empresas, 63(5), e2022-0123.
Levinthal, D. A., & Rosenkopf, L. (2026). Mapping the landscape of research findings: Generalization across contexts in strategic management research. Strategic Management Journal, 47(6), 1793-1808.
Luo, J., & Kaul, A. (2019). Private action in public interest: The comparative governance of social issues. Strategic Management Journal, 40(4), 476-502.
McDonnell, M. H., & King, B. (2013). Keeping up appearances: Reputational threat and impression management after social movement boycotts. Administrative Science Quarterly, 58(3), 387-419.
Miles, M. B., Huberman, A. M., & Saldana, J. (2014). Qualitative data analysis: A methods sourcebook (3rd ed.), Sage.
Moog, S., Spicer, A., & Böhm, S. (2015). The politics of multi-stakeholder initiatives: The crisis of the Forest Stewardship Council. Journal of Business Ethics, 128(3), 469-493.
Nardi, L. (2022). The corporate social responsibility price premium as an enabler of substantive CSR. Academy of Management Review, 47(2), 282-308.
Ostrom, E. (1990). Governing the commons: The evolution of institutions for collective action. Cambridge University Press.
Pongeluppe, L. S. (2022). The favela effect: Spatial inequalities and firm strategies in disadvantaged urban communities. Strategic Management Journal, 43(13), 2777-2808.
Ritala, P., Albareda, L., & Bocken, N. (2021). Value creation and appropriation in economic, social, and environmental domains: Recognizing and resolving the institutionalized asymmetries. Journal of Cleaner Production, 290, 125796.
Saldaña, J. (2021). The coding manual for qualitative researchers. (4th ed.), Sage.
Saunders, M. N. K., Lewis, P., & Thornhill, A. (2009). Research methods for business students (5th ed.), Pearson Education Limited.
Sousa Santos, B. (2021). A gramática do tempo: Para uma nova cultura política. Autêntica Editora.
Scherer, A. G., & Voegtlin, C. (2020). Corporate governance for responsible innovation: Approaches to corporate governance and their implications for sustainable development. Academy of Management Perspectives, 34(2), 182-208.
Tantalo, C., & Priem, R. L. (2016). Value creation through stakeholder synergy. Strategic Management Journal, 37(2), 314-329.
Valentinov, V., de Oliveira Santos Jhunior, R., & de Araujo Góes, H. A. (2026). Corporate environmental sustainability via stakeholder collaboration: Insights from classical institutional economics. Journal of Business Ethics, 203(2), 279-296.
Yin, R. K. (2009). Case study research: Design and methods (4th ed.), Sage.