Stakeholder Approach and the Corporate Financial Performance

Ladislav Blažek; Ondřej Částek

doi:10.2478/v10135-009-0002-7

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Stakeholder Approach and the Corporate Financial Performance

Review of Economic Perspectives

Volume 9 (2009): Issue 2 (June 2009)

By: Ladislav Blažek and Ondřej Částek

Open Access

|Feb 2010

Abstract

The following paper aims to describe the analysis and utilization of stakeholder approach, which was used in the research of the Research Centre for Competitiveness of Czech Economy. The stakeholder model was employed in the research to explain the behavior of enterprises and to find factors of competitiveness. Here we can find assessment of stakeholders' importance and its relationship to corporate financial performance with some chosen interfering factors, which is preceding step before assessment all potential factors of competitiveness using multi dimensional analysis. Also the achieved results are related to chosen international and Czech studies.

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