An Empirical Test of the Relationship of Environmental Management and Stakeholders: A Study of Manufacturers at Taiwan

It has been a key challenge for enterprises to identify and balance environmental protection demands of various stakeholders in the 2000s. This research adopts the classification of Henriques and Sadorsky (1999), which divided stakeholders into four categories: regulatory stakeholders, organizational stakeholders, community stakeholders and the media. Using this division, the study investigates Taiwan's top 1000 manufacturers, including conventional industries (textile, papermaking & printing), fundamental industries (chemicals and steel) and technology-intensive industries (electronics, information & telecommunication). From 152 valid samples, this study finds that environmental management is apparently positively correlated with regulatory stakeholders, organizational stakeholders, community stakeholders and the media. In addition, there are significant differences as to which fundamental industries and technology-intensive industries have more environmental management practices than conventional industries.