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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] 1815 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] 1757 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] 1756 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] 1740 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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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] 1739 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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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] 1739 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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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] 1738 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] 1720 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] 1715 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] 1709 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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