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-stakeholder fiduciary duties are deduced from a theory of the firm's stakeholders Social Contract. This provide for a clear cut and …) against the notion of stakeholders value. As far as implementation of the normative model is concerned, four roles of …
Persistent link: https://www.econbiz.de/10014216411
fiduciary duties toward all the firm’s stakeholders. A rationale for this idea is given within the perspective of new …-controlling stakeholders emerges as the main unsolved problem. Intuitively, a Rawlsian principle of redress emerges as the natural answer to …-controlling stakeholders. In accordance with the prevailing opinion about its voluntariness, CSR is viewed here as a norm that companies may …
Persistent link: https://www.econbiz.de/10014043906
on other stakeholders are large. To constrain managerial opportunism, such deviations should be defended with a new type …
Persistent link: https://www.econbiz.de/10013233105
efforts of others. However, in general, the impact of culture on performance remains an open question. We conducted a large …-scale survey of Keller Williams team members to understand how associates of Keller Williams view the company's culture and whether … perceptions of culture are associated with performance. We find evidence of an exceptionally strong and unique culture. We review …
Persistent link: https://www.econbiz.de/10011864720
Corporate Purpose as a Competitive AdvantageVicente Salas-FumásUniversity of Zaragoza March 2023AbstractThere is a widely held belief that capitalism delivers superior social outcomes if the reason why corporations come into existence, their purpose, is to create social value rather than to...
Persistent link: https://www.econbiz.de/10014254186
decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating … a principled, quasi-ideological stance towards shareholders and stakeholders, called shareholderism, on which they vary …
Persistent link: https://www.econbiz.de/10012668240
benefits to shareholders and other stakeholders is crucial to understand what drives CSP. We analyze an international panel of …
Persistent link: https://www.econbiz.de/10013027401
We argue on theoretical grounds that obligatory compliance with stricter financial reporting rules (e.g. the US Sabanes-Oxley Act) may entail important unintended consequences. Paradoxically, the amount of misreporting may increase because corporate boards spend more valuable resources...
Persistent link: https://www.econbiz.de/10010745362
Performance pay, at least as usually understood, is no good idea for non-executive directors. They have to supervise and control or in some situations even to fire and replace the executive managers. This means that their performance as supervisors is totally different from the performance of...
Persistent link: https://www.econbiz.de/10014036582
significant influence on the management of climate-related risks; however, external factors such as stakeholders show relatively … framework in addressing climate-related risks for all stakeholders in Hong Kong …
Persistent link: https://www.econbiz.de/10012845766