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Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts

Authors: Mitchell, Ronald K.; Agle, Bradley R.; Wood, Donna J.
Product Type: Journal Articles
Source: Academy of Management Review 1997, Volume 22, No. 4, pp. 853-886
Publication Year: 1997

[This document has not yet been rated] 5631 views

This discussion of stakeholder theory argues that stakeholders possess one or more of three relationship attributes: power, legitimacy and urgency.

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For Whom are Corporate Managers Trustees?

Author: Dodd, E. Merrick
Product Type: Journal Articles
Source: Harvard Law Review, 1932 vol. 45 no. 7: 1145–1163
Publication Year: 1932

[This document has not yet been rated] 5016 views

The author argues that public opinion is moving toward a view of business corporations as institutions with a social service as well as a profit-making function...

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Doing Better at Doing Good: When, Why and How Consumers Respond to Corporate Social Initiatives

Authors: Bhattacharya, C.B.; Sen, Sankar
Product Type: Journal Articles
Source: California Management Review
Publication Year: 2004

[This document has not yet been rated] 4692 views

Although companies are devoting significant resources to corporate social responsibility (CSR) initiatives, insights into the optimal formulation, implementation, and effectiveness estimation of CSR strategies are currently scarce. This article takes an in-depth look at when, why, and how CSR works from a consumer's perspective...

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The Moral Muteness of Managers

Authors: Bird, Frederick B.; Waters, James A.
Product Type: Journal Articles
Source: California Management Review, vol. 32 (no. 1), pp. 73-88. 1989.
Publication Year: 1989

[This document has not yet been rated] 4518 views

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Pinto Fires and Personal Ethics: A Script Analysis of Missed Opportunities

Author: Gioia, Dennis A.
Product Type: Journal Articles
Source: Journal of Business Ethics. Vol. 11, Issue 5-6.
Publication Year: 1992

[This document has not yet been rated] 4333 views

This article details the personal involvement of the author in the early stages of the infamous Pinto fire case. The paper first presents an insider account of the context and decision environment within which he failed to initiate an early recall of defective vehicles.

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How Advertising Practitioners View Ethics: Moral Muteness, Moral Myopia, and Moral Imagination

Authors: Drumwright, Minette E.; Murphy, Patrick E.
Product Type: Journal Articles
Source: Copyright © 2004 by American Academy of Advertising. From Journal of Advertising, vol. 33, no. 2 (Summer 2004). Used with permission of M.E. Sharpe, Inc. All rights reserved. Not for reproduction. This article is available for download to registered faculty users. All other users please see the link to the Journal of Advertising listed below.
Publication Year: 2004

[This document has not yet been rated] 3903 views

This study examines how advertising agency personnel perceive, process, and think about ethical issues

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International Marketing Ethics From An Islamic Perspective: A Value-Maximization Approach

Authors: Saeed, Mohammad; Ahmed, Zafar; Mukhtar, Syeda-Masooda
Product Type: Journal Articles
Source: Journal of Business Ethics. Vol. 32, Issue 2.
Publication Year: 2001

[This document has not yet been rated] 3393 views

This article discusses the characteristics, capabilities, and strengths of the Islamic ethical framework for international marketing.

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The Great Leap: Driving Innovation From the Base of the Pyramid

Authors: Hart, Stuart L.; Christensen, Clayton M.
Product Type: Journal Articles
Source: MIT Sloan Management Review. Fall 2002, Vol. 44, No. 1, pp. 51-56
Publication Year: 2002

[This document has not yet been rated] 3288 views

As multinationals unrelentingly seek new growth to satisfy shareholders, they increasingly hear concerns from many quarters about environmental degradation, labor exploitation, cultural hegemony and local autonomy. What is to be done? Must corporations' thirst for growth and profits serve only to exacerbate the antiglobalization movement?

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Creating a Climate and Culture for Sustainable Organizational Change

Authors: Brief, Arthur P.; Schneider, Benjamin; Guzzo, Richard A.
Product Type: Journal Articles
Source: Organizational Dynamics, Volume 24, Spring, 1996, pp. 7-19
Publication Year: 1996

[This document has not yet been rated] 3105 views

This article argues that only when organizational change is accompanied by changes in the psychology of the people in the organization will it be successful...

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A Team Production Theory of Corporate Law

Authors: Blair, Margaret; Stout, Lynn A.
Product Type: Essays and Concept Papers; Journal Articles
Source: Virginia Law Review, Vol. 85, No. 2, pp. 248-328.
Publication Year: 1999

[This document has not yet been rated] 3050 views

Contemporary corporate scholarship generally assumes that the central economic problem addressed by corporation law is getting managers and directors to act as loyal agents for shareholders. We take issue with this approach and argue that the unique legal rules governing publicly-held corporations are instead designed primarily to address a different problem - the "team production" problem - that arises when a number of individuals must invest firm-specific resources to produce a nonseparable output...

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The Path to Corporate Responsibility

Author: Zadek, Simon
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 2004

[This document has not yet been rated] 3041 views

Nike's tagline, "Just do it," is an inspirational call to action for the millions who wear the company's athletic gear. But in terms of corporate responsibility, Nike didn't always follow its own advice...

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The End of Corporate Imperialism

Authors: Prahalad, C.K.; Lieberthal, Kenneth
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 2003

[This document has not yet been rated] 2851 views

As they search for growth, multinational corporations will have no choice but to compete in the big emerging markets of China, India, Indonesia, and Brazil. Although it is still common to question how such corporations will change life in those markets, Western executives would be smart to turn the question around and ask how multinationals themselves will be transformed by these markets...

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Analyzing the Impact of Wal-Mart Supercenters on Local Food Store Sales

Authors: Artz, Georgeanne M.; Stone, Kenneth E.
Product Type: Policy and Issue Reports; Journal Articles
Source: American Journal of Agricultural Economics
Publication Year: 2006

[This document has not yet been rated] 2689 views

The greatest competitive pressures from the expansion of Supercenters occur to existing grocery stores. Nearly 500 of these stores are located in counties with an urban population of fewer than 20,000 people. These are primarily rural trade centers in which retail trade is akin to a zero-sum game. Unless population or incomes are growing substantially, there is a relatively fixed amount of money to be spent in the retail sector...

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Socially Responsible Pricing: Lessons from the Pricing of Aids Drugs in Developing Countries

(Consideration of Human Needs and Equity Example 1: AIDS in Africa)

Authors: Vachani, Sushil; Smith, N. Craig
Product Type: Journal Articles
Source: California Management Review, CMR 300
Publication Year: 2004

[This document has not yet been rated] 2578 views

Corporate social responsibility has major implications for pricing decisions in some markets...

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Teaching Ethics, Heuristics, and Biases

Author: Prentice, Robert A.
Product Type: Journal Articles
Source: Journal of Business Ethics Education (JBEE) Volume 1 Issue 1 2004, pps. 57-74.
Publication Year: 2004

[This document has not yet been rated] 2573 views

This article seeks to introduce a selected portion of the heuristics and biases and related psychological literature, to highlight its implications for ethical decision making, and to serve as the basis for a lecture that could inform students regarding these matters.

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Does Doing Good Always Lead to Doing Better?

Consumer Reactions to Corporate Social Responsibility

Authors: Sen, Sankar; Bhattacharya, C.B.
Product Type: Journal Articles
Source: Journal of Marketing Research, American Marketing Association, v38, 2.
Publication Year: 2001

[This document has not yet been rated] 2559 views

In the face of marketplace polls that attest to the increasing influence of corporate social responsibility (CSR) on consumers' purchase behavior, this article examines when, how, and for whom specific CSR initiatives work.

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How Important Are Ethics And Social Responsibility? A Multinational Study Of Marketing Professionals

Authors: Singhapakdi, Anusorn; Karande, Kiran; Rao, C. P.; Vitell, Scott J.
Product Type: Journal Articles
Source: European Journal of Marketing, 2001; Vol. 35, Issue 1/2.
Publication Year: 2001

[This document has not yet been rated] 2542 views

This article considers the perceptions of marketing professionals in four different countries, and examines variations among their views of ethics, social reponsibility, and organizational effectiveness.

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A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance

Author: Clarkson, Max B.
Product Type: Journal Articles
Source: Academy of Management Review. Vol. 20, Issue 1.
Publication Year: 1995

[This document has not yet been rated] 2473 views

This article offers conclusions from a 10-year research program aimed at creating a grounded framework for evaluating Corporate Social Performance...

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Integrated Strategy: Market and Non-Market Components

Author: Baron, David P.
Product Type: Journal Articles
Source: California Management Review
Publication Year: 1995

[This document has not yet been rated] 2450 views

A business strategy must be congruent with the capabilities of a firm as well as both its market and nonmarket environments.

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Job Creation or Destruction? Labor Market Effects of Wal-Mart Expansion

Author: Basker, Emek
Product Type: Journal Articles
Source: The Review of Economics and Statistics, The MIT Press. V 87 (2005), Issue 1, P 174-183
Publication Year: 2005

[This document has not yet been rated] 2275 views

This paper estimates the effect of Wal-Mart expansion on retail employment at the county level...

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Institutionalized Organizations: Formal Structure as Myth and Ceremony

Authors: Meyer, John W.; Rowan, Brian
Product Type: Journal Articles
Source: American Journal of Sociology 83: 340-63, 1977.
Publication Year: 1977

[This document has not yet been rated] 2263 views

This paper argues that the formal structures of many organizations dramatically reflect the myths of their institutional environments instead of the demands of their work activities.

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Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility

Authors: Porter, Michael E.; Kramer, Mark R.
Product Type: Journal Articles
Source: Harvard Business School
Publication Year: 2006

[This document has not yet been rated] 2236 views

Many companies have already done much to improve the social and environmental consequences of their activities, yet these efforts have not been nearly as productive as they could be.

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The Power of Activism: Assessing the Impact of NGOs on Global Business

Authors: Spar, Debora L.; LaMure, Lane T.
Product Type: Journal Articles
Source: California Management Review
Publication Year: 2003

[This document has not yet been rated] 2158 views

Recent decades have witnessed the proliferation of nongovernmental organizations (NGOs) and the emergence of activism across a wide variety of issue areas. On topics ranging from human rights to labor conditions, NGOs and activists represent an increasingly important constituency in a firm's nonmarket environment...

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Dynamic Data: Corporate Governance and Auditors' Evaluation of Accounting Estimates

Authors: Cohen, Jeffrey R.; Krishnamoorthy, Ganesh; Wright, Arnold M.
Product Type: Journal Articles
Source: American Accounting Association Issues in Accounting Education, Volume 20, No. 1, pp. 119-128.
Publication Year: 2005

[This document has not yet been rated] 2151 views

Corporate governance issues have grown more salient in light of alleged corporate accounting scandals and the subsequent enactment of the landmark Sarbanes-Oxley Act (U.S. House of Representatives 2002) However, even in cases where no fraud has occurred and management is completely aboveboard, the role of various players in the corporate governance framework in maintaining a high quality financial reporting process cannot be overlooked...

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Tempered Radicalism and the Politics of Ambivalence and Change

An academic paper that explores the idea of tempered radicalism and offers examples

Authors: Meyerson, Debra E.; Scully, Maureen
Product Type: Journal Articles
Source: Organization Science, 6(5): 585-600
Publication Year: 1995

[This document has not yet been rated] 2134 views

Tempered radicalism involves steering between cooptation and stridency...

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The Importance of Cultural Framing to the Success of Social Initiatives in Business

Authors: Howard-Grenville, Jennifer; Hoffman, Andrew J.
Product Type: Journal Articles
Source: Academy of Management Executive. Vol. 17, Issue 2.
Publication Year: 2003

[This document has not yet been rated] 2130 views

Cultural frames provide leverage for action on social initiatives, as shown in a case on the air pollution issue in semiconductor manufacturing.

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It’s Time to Make Management a True Profession

Authors: Khurana, Rakesh; Nohria, Nitin
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 2008

[This document has not yet been rated] 2062 views

A rigorous code of ethics will make you a better manager. Society will benefit, too.

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The Fall of Enron

Authors: Palepu, Krishna G.; Healy, Paul M.
Product Type: Journal Articles
Source: Journal of Economic Perspectives
Publication Year: 2003

[This document has not yet been rated] 2048 views

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How to choose between growth and ROIC

Investors reward high-performing companies that shift their strategic focus prudently, even if that means lower returns or slower growth.

Authors: Jiang, Bin; Koller, Timothy
Product Type: Journal Articles
Source: McKinsey Quarterly
Publication Year: 2007

[This document has not yet been rated] 2026 views

One key to creating value is understanding how to manage the subtle balance between growth and returns on invested capital. Empirical evidence suggests that companies enjoying strong ROIC can afford to let it decline over the short term to pursue growth—and that companies with low returns are better off improving ROIC than emphasizing growth...

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Do Majority-Minority Districts Maximize Substantive Black Representation in Congress

(Precedes David Lublin's Critique "The Paradox of Representation")

Authors: Epstein, David; O'Halloran, Sharyn; Cameron, Charles
Product Type: Journal Articles
Source: The American Political Science Review, Vol. 90, No. 4
Publication Year: 1996

[This document has not yet been rated] 2010 views

Majority-minority voting districts have been advanced as a remedy to the underrepresentation of minority interests in the political process. Yet, their efficacy in furthering the substantive goals of minority constituents has been questioned because they may dilute minority influence in surrounding areas and lead to an overall decrease in support for minority-sponsored legislation...

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Misery Loves Company: Rethinking Social Initiatives by Business

Authors: Margolis, Joshua; Walsh, James
Product Type: Journal Articles
Source: Administrative Science Quarterly. Vol. 48, Issue 2.
Publication Year: 2003

[This document has not yet been rated] 2009 views

This paper assesses how organization theory and empirical research have thus far responded to this tension over corporate involvement in wider social life.

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The Devil Made Me Do It: Replacing Corporate Directors' Veil of Secrecy with the Mantle of Stewardship

Authors: Bagley, Constance E.; Page, Karen L.
Product Type: Journal Articles
Source: San Diego Law Review, Volume 36, No. 4, Fall, 1999.
Copyright 1999 San Diego Law Review. Reprinted with the permission of the San Diego Law Review Association.
Publication Year: 1999

[This document has not yet been rated] 2007 views

This article argues that the nature of the corporate form coupled with an exclusive focus on shareholder value leads to economically and socially inefficient results...
This article is available for download to all registered faculty users of this site.

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Sustainable Development, Sustainable Profit

Social Entrepreneurship can be a powerful tool for corporations to gain entry and build loyalty in developing markets

Authors: Mair, Johanna; Seelos, Christian
Product Type: Journal Articles
Source: European Business Forum. Issue 20. Winter 2005
Publication Year: 2005

[This document has not yet been rated] 1915 views

No wonder managers are irritated. The promise of growth is already built into today's share prices, as a reminder of investors expectations of future cash flows. This poses a dilemma...

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The Case for and Against Business Assumption of Social Responsibilities

Author: Davis, Keith
Product Type: Journal Articles
Source: Academy of Management Journal. Vol. 16, Issue 2.
Publication Year: 1973

[This document has not yet been rated] 1872 views

This seminal paper examines both sides of the argument regarding business assumption of social responsibilities.

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Business Responses to Climate Change: Identifying Emergent Strategies

(Externalities Example 2: Climate Change)

Authors: Kolk, Ans; Pinske, Jonatan
Product Type: Journal Articles
Source: California Management Review
Publication Year: 2005

[This document has not yet been rated] 1859 views

Companies face much uncertainty about the competitive effects of the recently adopted Kyoto Protocol on global climate change and the current and future regulations that may emerge from it...

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Corporate Social Responsibility: A Theory Of The Firm Perspective

Authors: McWilliams, Abagail; Siegel, Donald
Product Type: Journal Articles
Source: The Academy of Management Review. Vol. 26, Issue 1.
Publication Year: 2001

[This document has not yet been rated] 1856 views

This article offers a supply and demand model of Corporate Social Responsibility. The authors discuss the notion of an "ideal" level of Corporate Social Responsibility (CSR).

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Put Your Values to Work

Authors: McGaw, Nancy; Fabish, Lisa
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 2006

[This document has not yet been rated] 1852 views

What does it take to nurture corporate values, embed values in everyday decisions, and reap the benefits...

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Changing A Culture of Face Time

Author: Munck, Bill
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 2001

[This document has not yet been rated] 1842 views

Marriott International for many years had a deeply ingrained culture of face time--if you weren't working long hours, you weren't earning your pay. That philosophy didn't seem totally off base in an industry that provides 24/7 service, 365 days a year. But it had a price...

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The Challenge for Multinational Corporations in China: Think Local, Act Global

Authors: Park, Seung; Vanhonacker, Wilfried
Product Type: Journal Articles
Source: MIT Sloan Management Review
Publication Year: 2007

[This document has not yet been rated] 1837 views

To succeed in China, multinational corporations must turn the aphorism "think global, but act local" on its head. Although they have to master the art of local operation, their behavior must match their global standards, as expected by the Chinese...

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Moral Person and Moral Manager

How Executives Develop a Reputation for Ethical Leadership

Authors: Trevino, Linda Klebe; Hartman, Laura Pincus; Brown, Michael
Product Type: Journal Articles
Source: California Management Review
Publication Year: 2000

[This document has not yet been rated] 1834 views

Based on interviews with senior executives and corporate ethics officers, this article reveals that a reputation for executive ethical leadership rests on two essential pillars: the executive's visibility as a moral person (based upon perceived traits, behaviors, and decision-making processes) and visibility as a moral manager (based upon role modeling, use of the reward system, and communication).

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The Stakeholder Theory of the Corporation: Concepts, Evidence and Implications

Authors: Donaldson, Thomas; Preston, Lee E.
Product Type: Journal Articles
Source: Academy of Management Review, 1995, Volume 20, No. 1
Publication Year: 1995

[This document has not yet been rated] 1812 views

The authors examine the descriptive, instrumental and normative aspects of stakeholder theory. This article examines the descriptive, instrumental and normative aspects of stakeholder theory.

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The Evolution of Business Reporting: Make Room for Sustainability Disclosure

(Problems of Information Example 2: Corporate Reporting)

Authors: Slater, Alyson; Gilbert, Sean
Product Type: Journal Articles
Source: Environmental Quality Management, Autumn, 2004, pp. 41-48
Publication Year: 2004

[This document has not yet been rated] 1754 views

This article describes the Global Reporting Initiative's Sustainability Reporting Guidelines and their benefit for investors...

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Getting right with nature: Anthropocentism, ecocentrism and theocentrism

Authors: Sandelands, Lloyd; Hoffman, Andrew J.
Product Type: Journal Articles
Source: Organization & Environment, 18 (2): 141-162 (2005).
Publication Year: 2005

[This document has not yet been rated] 1749 views

The past century has witnessed unprecedented economic growth and prosperity along with unprecedented depredations upon nature. To resolve these developments, there is debate between two moral postures...

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Bad and Not-so-Bad Arguments for Shareholder Primacy

Author: Stout, Lynn A.
Product Type: Journal Articles
Source: Southern California Law Review, Vol. 75, p. 1189, 2002.
Publication Year: 2002

[This document has not yet been rated] 1736 views

This article reviews why two of the arguments traditionally used to justify strict shareholder primacy - that shareholders own the corporation, and that shareholders are the sole residual claimants of corporations - are bad arguments, in the sense that they are demonstrably incorrect from both an economic and a legal perspective.

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What Every Executive Needs to Know About Global Warming

(Externalities Example 2: Climate Change)

Authors: Packard, Kimberly O'Neill; Reinhardt, Forest
Product Type: Journal Articles
Source: Harvard Business Review
Publication Year: 2000

[This document has not yet been rated] 1736 views

Thanks to the development of the Kyoto Protocol--an international plan to limit carbon dioxide and other so-called greenhouse gases in the atmosphere--global warming is beginning to assume a prominent position on the agendas of business executives...

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Guidelines for Social Return on Investment

Authors: Lingane, Alison; Olsen, Sara
Product Type: Journal Articles
Source: California Management Review Volume 46 No. 3, Spring, 2004
Publication Year: 2004

[This document has not yet been rated] 1735 views

Presents 10 standard guidelines for calculating social return on investment (SROI)--quantitative summaries of companies' social and environmental impacts, actual or projected.

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Ethical Conflicts at Enron

Moral Responsibility in Corporate Capitalism

Author: Watkins, Sherron S.
Product Type: Journal Articles
Source: California Management Review, 45(4), 2003.
Publication Year: 2003

[This document has not yet been rated] 1734 views

In this article, Sherron Watkins discusses her role as the high-profile whistle-blower who helped bring down Enron...

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Do Publicly Traded Corporations Act in the Public Interest?

Author: Gordon, Roger H.
Product Type: Journal Articles
Source: Advances in Economic Analysis & Policy, 3(1)
Publication Year: 2003

[This document has not yet been rated] 1718 views

Models of corporate behavior normally assume that a firm acts in the interests of shareholders, and that shareholders care only about the returns they receive on the shares they own in that firm.

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The Economics of Short-Term Performance Obsession

Author: Rappaport, Alfred E.
Product Type: Journal Articles
Source: Financial Analysts Journal, Volume 61, # 3, 2005, CFA Institute.
Publication Year: 2005

[This document has not yet been rated] 1713 views

This article explains why maximizing long-term cash flow is the most effective way to create value for shareholders and charts a course for alleviating the obsession with short-term performance...

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Reforming Corporate Governance: What History Can Teach Us

Author: Blair, Margaret
Product Type: Journal Articles
Source: Berkeley Business Law Journal, University of California at Berkeley, Spring 2005, Vol 1, # 2.
Publication Year: 2003

[This document has not yet been rated] 1704 views

In this article, the author briefly reviews the history of corporate law, and then describes current legal distinctions among organizational forms in order to argue that one of the characteristics that distinguishes corporations from partnership-type forms is the set of default rules that help organizers to lock in capital, without locking in the investors.

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