We discuss and examine empirically a firm-level equivalent of the ancient problem of 'tying the King's hands', namely how to avoid managerial intervention that is undertaken to reap private benefits but is harmful to overall value creation, that is, 'managerial opportunism'. The link from...

Ethical and instrumental arguments for paying attention to stakeholders’ demands have flourished inside and outside academia, especially since the Great Recession. So far, however, we are still missing the actual level of adoption of stakeholder management practices and, more importantly, the...