Corporate Governance: Stakeholder Value Versus Shareholder Value

Unsatisfied with the dominatingshareholders' point of view, that appears to betoo limited to build a relevant theory ofcorporate governance, we propose an enlargeddefinition of the value which may be called,the stakeholder value. This definition and itsassociated measure are more suitable for thestakeholder approach to the firm and morerelevant to understand the value creation andsharing mechanisms. Copyright Kluwer Academic Publishers 2001

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Year of publication:	2001
Authors:	Charreaux, Gérard ; Desbrières, Philippe
Published in:	Journal of Management and Governance. - Springer. - Vol. 5.2001, 2, p. 107-128
Publisher:	Springer
Subject:	corporate governance \| shareholder value \| stakeholder value \| value creation \| value sharing

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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