Stakeholders vs. Shareholders in Corporate Governance

49 Pages Posted: 27 Mar 2007

See all articles by Alberto Chilosi

Alberto Chilosi

University of Pisa

Mirella Damiani

University of Perugia - Department of Economics

Date Written: March 20, 2007

Abstract

The paper is divided in two coordinate parts. The first considers in general the issue of stockholders vs. stakeholders oriented governance systems and their relative merits and demerits. The second part deals specifically with the issue of the principal-agent problem in a stakeholder context.

Keywords: Stakeholders, Corporate Governance, Varieties of Capitalism

JEL Classification: G34, L2, P12

Suggested Citation

Chilosi, Alberto and Damiani, Mirella, Stakeholders vs. Shareholders in Corporate Governance (March 20, 2007). Available at SSRN: https://ssrn.com/abstract=975293 or http://dx.doi.org/10.2139/ssrn.975293

Alberto Chilosi (Contact Author)

University of Pisa ( email )

via S. Andrea 48
Pisa, PI 56127
Italy
+3475907176 (Phone)

HOME PAGE: http://chilosi.it

Mirella Damiani

University of Perugia - Department of Economics ( email )

via Pascoli, 20
PG 06123 Perugia, 06123
Italy

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