Who is in charge? A property rights perspective on stakeholder governance

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dc.contributor.authorKlein, Peter G.
dc.contributor.authorMahoney, Joseph T.
dc.contributor.authorMcGahan, Anita M.
dc.contributor.authorPitelis, Christos N.
dc.date.accessioned2019-02-05T12:49:06Z
dc.date.accessioned2023-08-20T10:57:05Z
dc.date.available2019-02-05T12:49:06Z
dc.date.available2023-08-20T10:57:05Z
dc.date.issued2012-05
dc.descriptionKlein, P. G., Mahoney, J. T., McGahan, A. M., & Pitelis, C. N. (2012). Who is in charge? A property rights perspective on stakeholder governance. Strategic Organization, 10(3), 304-315.en_US
dc.description.abstractThe fields of strategy and organization are dominated by the stylized idea that the purpose of the firm is to maximize returns on investment for equity shareholders. This idea is based on simplifying assumptions about externalities, contractual ties, investments, and the nature of competition. As a result, the dominant conceptualization of the firm’s purpose as shareholder value maximization may lead to serious misunderstandings regarding the firm’s contractual obligations. Furthermore, the idea of shareholder value maximization may lead to problematic and inaccurate
dc.identifier.citationKlein, P. G., Mahoney, J. T., McGahan, A. M., & Pitelis, C. N. (2012). Who is in charge? A property rights perspective on stakeholder governance. Strategic Organization, 10(3), 304-315.
dc.identifier.doihttp://doi.org/10.1177/1476127012453108
dc.identifier.urihttps://edms.wexl.in/handle/1/1509
dc.language.isoenen_US
dc.publisherSage Publicationsen_US
dc.subjectProperty rights perspective
dc.subjectROI
dc.subjectStakeholder governance
dc.titleWho is in charge? A property rights perspective on stakeholder governanceen_US
dc.title.alternativeStrategic Organizationen_US
dc.typeArticleen_US

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