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Employee voice and strategic competitive advantage in international modern public corporations : an economic perspective

Royer, Susanne, Waterhouse, Jennifer M., Brown, Kerry A., & Festing, Marion (2008) Employee voice and strategic competitive advantage in international modern public corporations : an economic perspective. European Management Journal, 26(4), pp. 234-246.

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Abstract

Achieving competitive advantage through a broader consideration of stakeholders of the firm is examined. The inclusion of other significant organisational actors such as managers and employees as stakeholders capable of creating competitive strategic advantage for the firm is considered. Findings indicate that competitive advantage within an economic perspective may be garnered by establishing a broader conceptualisation of stakeholders of the firm. It is concluded employees may be characterised as hybrid stakeholders, as they are a mix of residual risk bearers and input suppliers of strategically highly relevant resources and that ways of articulating employee voice is a key element of gaining competitive advantage. The aim of this paper is to analyse internationally operating modern public corporations from an agency theory point of view with the focus on the role of a suite of stakeholders including shareholders, managers and employees. The economic reasoning demonstrates that the employees’ voice is an important component of business from a strategic perspective irrespective of the type of institutional environment present in any given country.

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7 citations in Scopus
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ID Code: 14232
Item Type: Journal Article
Additional Information: For more information, please refer to the journal's website (see hypertext link) or contact the author.
Keywords: Firm Competitive Advantage, Stakeholders, Employee Relations, Employee Voice, Agency Theory, Economic Perspective
DOI: 10.1016/j.emj.2008.03.002
ISSN: 0263-2373
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Organisational Planning and Management (150312)
Australian and New Zealand Standard Research Classification > STUDIES IN HUMAN SOCIETY (160000) > POLICY AND ADMINISTRATION (160500) > Public Administration (160509)
Divisions: Current > Research Centres > Australian Centre for Business Research
Current > QUT Faculties and Divisions > QUT Business School
Past > QUT Faculties & Divisions > Faculty of Science and Technology
Past > Schools > Mathematical Sciences
Copyright Owner: Copyright 2008 Elsevier
Deposited On: 30 Jul 2008
Last Modified: 29 Feb 2012 23:43

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