Growing income inequality has become a major social welfare problem across the globe. To date, scant attention has focused on the role of the firm in theories of income inequality, and management and organization theory has largely been silent on the issue. In this paper, we propose a...

Today's successful companies are those that recognise that they have responsibilities to stakeholders that go beyond mere compliance with the law or meeting the fiduciary responsibility inherent in maximizing returns. This book focuses on engaging stakeholders for long-term value creation

This paper examines the situation of firms that have two objectives: profit maximization and social performance. By looking comparatively at the cases of altruism, coerced egoism, and strategy, this paper uses the tools of microeconomics to define the optimal level of social output that should...