... In this article, we follow the widely used understanding of stakeholders as individuals, groups, or organizations that affect or are affected by organizational activities (Freeman, 1984). Research has provided insight into the importance of stakeholder engagement in crucial organizational activities, such as value creation (Freudenreich et al., 2020;Harrison et al., 2010;Harrison & Wicks, 2013), strategic planning and decision-making (Castelló et al., 2016;Noland & Phillips, 2010;Ramus & Vaccaro, 2017), innovation (Alvarez & Sachs, 2021;Baltazar Herrera, 2016;Bendell & Huvaj, 2020;Goodman et al., 2017;Scuotto et al., 2020;Watson et al., 2020), learning and knowledge creation (Desai, 2018;J. R. Mitchell et al., 2022;Phillipson et al., 2012), and accounting and reporting (Böhling et al., 2019;Johansen, 2008;Manetti & Toccafondi, 2012;O'Riordan & Fairbrass, 2014) as well as corporate social responsibility (CSR) and sustainability (Arenas et al., 2009;Banerjee & Bonnefous, 2011;Dobele et al., 2014;Lindgreen & Swaen, 2010). ...