Stakeholder capitalism, corporate governance and firm value

Arbeitspapier

We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher prices, lower output, and can have greater firm value than shareholder-oriented societies. In some circumstances, firms may voluntarily choose to be stakeholder-oriented because this increases their value. Consumers that prefer to buy from stakeholder firms can also enforce a stakeholder society. With globalization entry by stakeholder firms is relatively more attractive than entry by shareholder firms for all societies.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CFS Working Paper ; No. 2007/26

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Institutions: Design, Formation, Operations, and Impact ; Firm Behavior: Theory ; Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance ; Oligopoly and Other Imperfect Markets ; Business Objectives of the Firm
• Thema: Firm Objective ; Bankruptcy ; Competition ; Stakeholder Governance ; Stakeholder ; Shareholder Value ; Vergleich ; Corporate Governance ; Unternehmenswert ; Globalisierung ; Wettbewerb ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Allen, Franklin ; Carletti, Elena ; Marquez, Robert
• Ereignis: Veröffentlichung
• (wer): Goethe University Frankfurt, Center for Financial Studies (CFS)
• (wo): Frankfurt a. M.
• (wann): 2007

Weitere Informationen

• Handle: http://hdl.handle.net/10419/25527
• URN: urn:nbn:de:hebis:30-50972
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ