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Updated: 10/12/2008 09:56 
Corporate Governance: Stakeholder Value Versus Shareholder Value

Abstract

Unsatisfied with the dominating shareholders'view, that we find unfitted to build a relevant theory of Corporate governance , we propose an enlarged definition of the value which may be called, the stakeholder value. This definition and the associated measure are supposed to be more fitted to the stakeholder view of the firm and more relevant to understand the value creation and sharing mechanisms.

Authors in this community

CHARREAUX, Gérard
CHARREAUX, Gérard


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Corporate Governance: Stakeholder Value Versus Shareholder Value
http://ideas.repec.org/p/dij/wpfarg/1010301.html



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