Corporate Governance, Internal Decision Making, and the Invisible Hand

Proponents of the dominant contemporary model of corporate governance maintain that the shareholder is the primary constituent of the firm. The responsibility for managerial decision makers in this governance system is to maximize shareholder wealth. Neoclassical economists ethically justify this ob...

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Bibliographic Details
Authors: Stovall, O. Scott (Author) ; Neill, John D. (Author) ; Perkins, David (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2004
In: Journal of business ethics
Year: 2004, Volume: 51, Issue: 2, Pages: 221-227
Further subjects:B Corps Governance Multiple Stakeholder Approach / Invisible Hand
Online Access: Volltext (JSTOR)
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