Working Paper
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...
Read moreCorporate 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...
Read moreCorporate 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...
Read moreBanks 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,...
Read moreStakeholder 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...
Read moreCorporations, 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...
Read moreHigher Purpose, Banking and Stability
This paper provides survey evidence on higher purpose for individuals and organizations and develops a theoretical model consistent with the...
Read moreWill 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...
Read moreGovernance and Stakeholders
Economic models routinely assume firms maximize shareholder wealth; however common law legal systems only require that officers and directors pursue...
Read moreResearch 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....
Read moreIs 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...
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