The Social Responsibility of Management: A Critique of the Shareholder Paradigm and Defense of Stakeholder Primacy

Shareholder Theory allows management to ignore the interests of the other constituencies while pursuing its own narrow self‐interest under the guise (the ethical facade) of promoting the interests of the shareholder owners. The Shareholder Theory does not provide any relistic counterweight against management abuse. The Enron example strengthens the arguments for the use of Stakeholder theory and exposes the utter failure of the Shareholder Theory.

MoreLess

Year of publication:	2003
Authors:	Post, Frederick R.
Published in:	American Journal of Business. - MCB UP Ltd, ISSN 1935-5181, ZDB-ID 2401319-5. - Vol. 18.2003, 2, p. 57-61
Publisher:	MCB UP Ltd
Subject:	Shareholder Theory \| Management abuse \| The ethical facade

More details

Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/19355181200300013 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014668226