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Corporate governance from the stakeholder perspective, in the context of Estonian business organizations

机译:爱沙尼亚商业组织从利益相关者的角度进行公司治理

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Purpose – The purpose of this paper is to participate in the discussion of a relatively new field of corporate governance (CG) and its development. The aim of the research is to discover how well-known Estonian business leaders perceive the purpose of business activities, corporate relations with the society and environment and who they consider the most significant stakeholders. These issues are studied and analyzed during a ten-year period in the real-life Estonian business environment. Design/methodology/approach – The empirical part of the paper is based on the results of in-depth interviews with 26 top Estonian managers and owners, often known as generalists. The paper discusses the results of qualitative research conducted among these business leaders, owners and top-managers in Estonian organizations, exploring how business purposes and interests, relations with the society and environment as well as different stakeholders are perceived and how these perceptions have changed in Estonia during the period of ten years (1995-2004). Findings – This paper shows how business purposes, interests, corporate relations with the society and environment as well as with different stakeholders are perceived in a rapidly developing former post-socialist and now EU member state, Estonia. It was revealed that stakeholder interests and corporate relations with the society and environment in business have not yet been considered important issues in business organizations. According to the results, the stakeholder thinking and stakeholder concepts have just recently became recognized and understood among the Estonian business leaders. There is a clear difference seen in two periods studied in this research. Research limitations/implications – The main limitation of the study is related to survey methodology. In-depth interviews are conducted with 26 representatives; this sets limits to the possibility to generalize the results. In further research, the aim is to get more data through structured questionnaires thus enabling to conduct quantitative analysis and draw conclusions based on larger amount of respondents. Practical implications – In order to stay sustainable and be able to develop further there is a need for Estonian business leaders and organizations to start paying more attention to the different stakeholders, and see the organizations as a part of the environment and society. Originality/value – The main contribution of the paper can be found in the in-depth discussion of the concept of CG particularly from the perspective of stakeholder theory.
机译:目的–本文的目的是参与有关公司治理(CG)及其发展的相对较新领域的讨论。该研究的目的是发现爱沙尼亚知名商业领袖如何看待商业活动的目的,与社会和环境的公司关系以及他们认为谁是最重要的利益相关者。在现实的爱沙尼亚商业环境中,将在十年中研究和分析这些问题。设计/方法/方法–本文的经验部分基于对26名爱沙尼亚高级管理人员和所有者(通常被称为通才)的深入访谈的结果。本文讨论了在爱沙尼亚组织中的这些业务领导者,所有者和高层管理人员之间进行的定性研究的结果,探讨了如何感知业务目的和利益,与社会和环境的关系以及不同的利益相关者,以及这些感知如何改变。爱沙尼亚十年(1995-2004年)。调查结果–本文显示了在迅速发展的前后社会主义者和现在的欧盟成员国爱沙尼亚如何看待与社会,环境以及不同利益相关者的商业目的,利益,公司关系。据透露,利益相关者的利益以及企业与社会和环境之间的公司关系尚未被视为企业组织中的重要问题。根据结果​​,利益相关者的思想和利益相关者的概念最近在爱沙尼亚商业领袖中得到认可和理解。在本研究中研究的两个时期之间存在明显的差异。研究的局限性/意义–研究的主要局限性与调查方法有关。对26名代表进行了深入访谈;这限制了对结果进行概括的可能性。在进一步的研究中,目标是通过结构化的调查表获取更多数据,从而能够进行定量分析并根据更多的受访者得出结论。实际意义–为了保持可持续性并能够进一步发展,爱沙尼亚的商业领袖和组织需要开始更多地关注不同的利益相关者,并将组织视为环境和社会的一部分。原创性/价值–本文的主要贡献可以在对CG概念的深入讨论中找到,尤其是从利益相关者理论的角度。

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