Journal ArticleDOI
For whom should corporations be run?: An economic rationale for stakeholder management
TLDR
The idea that a corporation is a bundle of assets that belongs to shareholders has been proposed by many economists and legal scholars as discussed by the authors, who argue that if the party who controls the use of an asset also reaps the benefits from using it efficiently, and bears the costs of its misuse, then the party has a significant incentive to see that the asset is used well.About:
This article is published in Long Range Planning.The article was published on 1998-04-01. It has received 104 citations till now. The article focuses on the topics: Stakeholder management & Stakeholder analysis.read more
Citations
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Journal ArticleDOI
The Stakeholder Model Refined
Yves Fassin,Yves Fassin +1 more
TL;DR: In this paper, the authors focus on the managerial and organizational aspects of the stakeholder model and propose an upgraded and refined version of the original model, with incremental ameliorations close to Freeman's original model and a return of focus to its essence, the managerial implications in a strategic approach.
Journal ArticleDOI
Stakeholder theory: issues to resolve
TL;DR: In this article, the main issues driving the stakeholder theory academic debate are discussed and a research agenda is proposed with the objective of clarifying doubts and resolving the controversies ongoing among academics.
Journal ArticleDOI
Towards a Property Rights Foundation for a Stakeholder Theory of the Firm
TL;DR: In this paper, the authors argue that due to the changing nature of the firm in todays business world, viewing shareholders as the sole residual claimants is an increasingly tenuous description of the actual relationships among a firms various stakeholders.
Journal ArticleDOI
Corporate Governance and the Environment: What Type of Governance Creates Greener Companies?
TL;DR: In this paper, the authors explore the impact of particular corporate governance mechanisms on firm environmental performance, such as the board of directors, managerial incentives, the market for corporate control, and the legal and regulatory system.
Journal ArticleDOI
It's good to talk? Examining attitudes towards corporate social responsibility dialogue and engagement processes
Jon Burchell,Joanne Cook +1 more
TL;DR: In this paper, the authors propose a method to solve the problem of homonymity of homophily in the context of homomorphic data, and no abstracts are available.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Journal ArticleDOI
Separation of ownership and control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: The authors argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. But they do not consider the role of decision agents in these organizations.
Journal ArticleDOI
Production, Information Costs, and Economic Organization
Armen A. Alchian,Harold Demsetz +1 more
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Production, information costs, and economic organization
Armen A. Alchian,Harold Demsetz +1 more
TL;DR: In this paper, the authors present a set of reprint articles for which IEEE does not hold copyright. Full text is not available on IEEE Xplore for these articles, but full text can be found on the Internet Archive.
Journal ArticleDOI
Vertical Integration, Appropriable Rents, and the Competitive Contracting Process
TL;DR: In this paper, the potential of post-contractural apportunistic behavior for improving market efficiency through intra-firm rather than interfirm transactions is examined under the assumption that vertical costs will increase less than contracting costs as specialized assets and appropriable quasi rents increase.
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The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Thomas Donaldson,Lee E. Preston +1 more