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, as a consequence, management theory should increase its efforts in theory building. From an ordonomic perspective …, management theory can take up this interdisciplinary impulse by switching from a narrow concept to a wider notion of corporate … der Unternehmensethik konstruktiv aufgreifen kann, indem sie die Corporate Governance von einem engen Verständnis auf ein …
Persistent link: https://www.econbiz.de/10011785263
zu adressieren. (2) Die ordonomische Unternehmensethik korporativer Akteure argumentiert, dass Unternehmen für ihre …
Persistent link: https://www.econbiz.de/10011786669
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Using the SEC regulations (following the Sarbanes–Oxley Act) on board independence as an identification for externally imposed governance changes, I compare its influence on firm performance to the effect of voluntarily conducted adjustments. Controlling for companies with voluntary changes,...
Persistent link: https://www.econbiz.de/10012900212
Economic literature on organizations (Milgrom, 1998; Milgrom and Roberts 1992, 2009) points out that when distributive policies are discretionary realized within firms by managers, the agents working in the organization will undertake "influence activities" with possible negative effects on firm's...
Persistent link: https://www.econbiz.de/10013057329
This paper examines the purpose of companies in a stakeholder and a shareholder model. It examines the interests of shareholders and stakeholders. In light of recent developments it examines the tension between the aforementioned interests. This paper argues that the tensions between the...
Persistent link: https://www.econbiz.de/10012830904
choice. Corporate governance theory has tended to look to agency theory and the need of boards to curb excessive executive … power to guide directors' decisions. While useful for those purposes, agency theory provides only limited guidance …. Supplementing it with the alternatives - stakeholder theory and stewardship theory - tends to put directors in conflict with their …
Persistent link: https://www.econbiz.de/10014048486
This paper aims to establish how organization and management research, an extensive field that has contributed a great …
Persistent link: https://www.econbiz.de/10012121067