Allen, Franklin (contributor); Carletti, Elena (contributor) - 2007
broader set of stakeholders can
still be consistent with the ultimate objective of increasing shareholder value.
There is a ….
We have assumed so far that flrms maximize their expected proflts, taking into account
only shareholder value. We now … from flrms that commit to care not
only about shareholder value, but also about their other stakeholders. This implies that …