The adaptive capacity of stakeholder-oriented firms with social purpose vis-à-vis shareholder primacy firms: A comparative assessment
本文运用进化理论，比较了具有社会目的的利益相关者导向型企业与股东至上企业在适应过程中的各阶段（识别、变异、选择、保留）的成本与收益差异，并提出了未来研究议程。
This paper provides a comparative assessment of the adaptive capacity of stakeholder-oriented firms with social purpose vis-à-vis shareholder primacy firms. To this end, we apply evolutionary theory to examine the differential costs and benefits incurred by these two firm types at each stage of firm adaptation—i.e., (issue) recognition, variation (ideation of solutions), selection of alternative solutions, and retention (replication and routinization). We conclude by providing an agenda for future research that can contribute to the extant literature on (social) purpose, evolutionary theory, and stakeholder theory.