|
Based on your IP address, your paper is being delivered by:
|
 |
 |
 |
 |
 |
New York, USA
Processing request.
|
Illinois, USA
Processing request.
|
Brussels, Belgium
Processing request.
|
Seoul, Korea
Processing request.
|
California, USA
Processing request.
|
If you have any problems downloading this paper,
please click on another Download Location above, or
File name: SSRN-id262902. ; Size: 120K
|
|
Corporate Governance: Stakeholder Value versus Shareholder Value
Gerard J. Charreaux
Universite de Bourgogne - LEG/FARGO
Philippe Desbrieres
Université de Bourgogne
Finance Controle Strategie, Vol. 1, June 1998
Abstract:
Unsatisfied with the dominating shareholders point of view, that appears to be too limited 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 its associated measure are more suitable for the stakeholder approach to the firm and more relevant to understand the value creation and sharing mechanisms.
Number of Pages in PDF File: 32
Keywords: shareholder value, stakeholder value, corporate governance, value creation, value sharing
JEL Classification: G390
Accepted Paper Series
Download This Paper
Date posted: April 17, 2001
Suggested CitationCharreaux, Gerard J. and Desbrieres, Philippe, Corporate Governance: Stakeholder Value versus Shareholder Value. Finance Controle Strategie, Vol. 1, June 1998. Available at SSRN: http://ssrn.com/abstract=262902 or http://dx.doi.org/10.2139/ssrn.262902
|
| Feedback to SSRN (Beta) |
|
|
People who downloaded this paper also downloaded:
1.
Value Maximization, Stakeholder Theory, and the Corporate Objective Function
By
Michael Jensen
2.
Corporate Governance and Firm Performance
By
Lawrence Brown
and
Marcus Caylor
3.
Corporate Governance and Control
By
Marco Becht,
Patrick Bolton, ...
4.
What Matters in Corporate Governance?
By
Lucian Bebchuk,
Alma Cohen, ...
5.
A Stakeholder Approach to Strategic Management
By
R. Freeman
and
John Mcvea
6.
The State of Corporate Governance Research
By
Lucian Bebchuk
and
Michael Weisbach
7.
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
By
Michael Jensen
and
William Meckling
8.
A Definition of Shareholder Value Creation
By
Pablo Fernandez
9.
Corporate Governance and Equity Prices
By
Paul Gompers,
Joy Ishii, ...
10.
How Important is Corporate Governance?
By
David Larcker,
Scott Richardson, ...
|
|
|
|
