A mathematical logic approach to the shareholder vs stakeholder debate

Uses an innovative approach to analyze the long‐standing claim that companies exist to maximize shareholder value. Five statements supporting this claim are tested using mathematical logic. Each one is found to be false. The community of business theorists, consultants, academics, and management practitioners that espouse shareholder value as the singular purpose of business are thus shown, from this perspective, to be wrong.

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Year of publication:	2001
Authors:	Emiliani, M.L.
Published in:	Management Decision. - MCB UP Ltd, ISSN 1758-6070, ZDB-ID 2023018-7. - Vol. 39.2001, 8, p. 618-622
Publisher:	MCB UP Ltd
Subject:	Leadership \| Management \| Shareholder value analysis \| Stakeholders

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Type of publication:	Article
Type of publication (narrower categories):	conceptual-paper
Language:	English
Other identifiers:	10.1108/00251740110399521 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014932234