The following are good "Elsevier" papers to read in this regard:

Determinants of corporate social responsibility disclosure: An application of stakeholder theory

RW Roberts - Accounting, organizations and society, 1992 - Elsevier

Firm resources, quality signals and the determinants of corporate environmental reputation: some UK evidence

JS Toms - The British Accounting Review, 2002 - Elsevier

Thank you Ahmed!

I have read those articles before but the results do not go against the predictions of stakeholder theory (as far as I can see). 

Then, you may want to check the "Meta-Review Papers" which analyzed the studies done on this theory to find out the ups and downs of the theory.

Hi Fredrik Hartwig,

This article critique the stakeholder theory:

http://www98.griffith.edu.au/dspace/bitstream/handle/10072/42686/74634_1.pdf?sequence=1

Thank you Jasman! I will read the paper. I am looking for empirical evidence which rejects the managerial branch of stakeholder theory.

Hi..

This article contains con-confirmatory evidence to some components of stakeholder theory:

Evangeline Elijido-Ten, (2007),"Applying stakeholder theory to analyze corporate environmental performanceEvidence from Australian listed companies", Asian Review of Accounting, Vol. 15 Iss 2 pp. 164- 184