Stakeholders

Separation and the Function of Corporation Law

Should Corporations Have a Purpose?

Corporate purpose is the hot topic in corporate governance. Critics are calling for corporations to shift their purpose away from shareholder value as a...

Corporate Purpose and Corporate Competition

The large American corporation faces ever-rising pressure to pursue a purpose beyond shareholder profit. This rising pressure interacts with changes...

Corporate Purpose and Stakeholder Value - Historical, Economic and Comparative Law Remarks on the Current Debate, Legislative Options and Enforcement Problems -

One of the oldest corporate law issues – for whom is the corporation managed? – has become one of the hottest public policy issues of corporate law. The...

Banks and Labor as Stakeholders: Impact on Economic Performance

Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet,...

Stakeholder Impartiality: A New Classic Approach for the Objectives of the Corporation

The stockholder/stakeholder dilemma has occupied corporate leaders and corporate lawyers for over a century. In addition to the question whose...

Corporations, Directors’ Duties and the Public/Private Divide

Business history and theory reflect a tension between public and private conceptions of the corporation. This tension and conceptual ambiguity lay...

Higher Purpose, Banking and Stability

This paper provides survey evidence on higher purpose for individuals and organizations and develops a theoretical model consistent with the...

Will Corporations Deliver Value to All Stakeholders?

Supporters of stakeholder governance advocate relying on corporate leaders to use their discretion to protect stakeholders, and they seem to take...

Governance and Stakeholders

Economic models routinely assume firms maximize shareholder wealth; however common law legal systems only require that officers and directors pursue...

Research Handbook on Comparative Corporate Governance: Introduction

This chapter introduces the Research Handbook on Comparative Corporate Governance and surveys several of the central themes addressed in the book....

Is There a Role for Benefit Corporations in the New Sustainable Governance Framework?

In this paper, we ask whether benefit corporations have a role to play in the emerging EU sustainable governance framework. In sec. 2, we briefly...