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This paper studies corporate governance when a firm operates in imperfect markets. We derive firms' decisions from utility maximization by individuals. If those involved in decisions are also consumers, the usual monopoly distortion is reduced. Corporate governance can effect the equilibrium in...
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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 … voluntarily choose to be stakeholder-oriented because this increases their value. Consumers that prefer to buy from stakeholder …
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govern TNCs. RCG is suggested as a stakeholder based policyinstrument, which aims at allocating responsibilities to societal … actionare brought forward. Here, the paper also lists down corporate elements (stakeholder empowered corporate governance …
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