Post by arfankj4 on Mar 4, 2024 22:22:36 GMT -5
Specifically the largest corporations are forced to balance different stakeholders interests instead of simply maximizing shareholder wealth. The author attributes this change in the role of the corporation to the increasing concentration of economic activity and power in a few corporations which has resulted in a few companies having a very large impact on society corporations and influential actors which are easier to locate and increasing separation of ownership and control.
These events have led to what scholars Berle and Means predicted more than years ago both owners and the control accepting public interest as the objective of the corporation. Further research on the topics outlined in this paper may increase our understanding of corporate behavior and the role of these corporations in society. Key concepts include The role of the corporation in society can be a function of the Poland Mobile Number List broader economic social and political context and as a result evolves over time. Corporations are not a homogeneous group as it is assumed by profit maximization theories. Not all corporations have the same role in society. Increasing corporate engagement on environmental and social goals has redefined the relation between business and society. It remains to be seen whether this trend will continue. Author Abstract A long standing ideology in business education has been that a corporation is run for the sole interest of its shareholders.
I present an alternative view where increasing concentration of economic activity and power in the world s largest corporations the Global has opened the way for managers to consider the interests of a broader set of stakeholders rather than only shareholders. Having documented that this alternative view better fits actual corporate conduct I discuss opportunities for future research. of environmental and social issues for the future financial performance of corporations the design of incentive and control systems to guide strategy execution corporate reporting and the role of investors in this new paradigm.
These events have led to what scholars Berle and Means predicted more than years ago both owners and the control accepting public interest as the objective of the corporation. Further research on the topics outlined in this paper may increase our understanding of corporate behavior and the role of these corporations in society. Key concepts include The role of the corporation in society can be a function of the Poland Mobile Number List broader economic social and political context and as a result evolves over time. Corporations are not a homogeneous group as it is assumed by profit maximization theories. Not all corporations have the same role in society. Increasing corporate engagement on environmental and social goals has redefined the relation between business and society. It remains to be seen whether this trend will continue. Author Abstract A long standing ideology in business education has been that a corporation is run for the sole interest of its shareholders.
I present an alternative view where increasing concentration of economic activity and power in the world s largest corporations the Global has opened the way for managers to consider the interests of a broader set of stakeholders rather than only shareholders. Having documented that this alternative view better fits actual corporate conduct I discuss opportunities for future research. of environmental and social issues for the future financial performance of corporations the design of incentive and control systems to guide strategy execution corporate reporting and the role of investors in this new paradigm.