Follert, Florian; Klingelhöfer, Heinz E.; Daumann, Frank - In: Managerial and Decision Economics 44 (2023) 6, pp. 3277-3288
The concept of shareholder value has been the subject of heated debate for 40 years. Surprisingly, the literature seems to overlook the fact that shareholder orientation by management is something completely different from the implementation of this idea in the well‐known shareholder value...