There is increasing interest in the issue of reconciliation of the shareholder value perspective of corporate governance with a stakeholder value perspective. It is important for the reconciliatory mechanisms to be embraced by management and owners of firms. This paper explores two explicit...

The paper proposes a framework that can be utilized for deciding upon the optimal scale of operations for a firm. The basic premise of the paper is that a firm that operates in a stable economic environment and a stable mode of business operations experiences a varying elasticity of scale that,...