TY  - UNPD
A1  - Allen, Franklin
A1  - Carletti, Elena
A1  - Marquez, Robert
T1  - Stakeholder capitalism, corporate governance and firm value
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2007,26
N2  - We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers as well as shareholders compared to shareholder-oriented firms. Societies with stakeholder-oriented firms have higher prices, lower output, and can have greater firm value than shareholder-oriented societies. In some circumstances, firms may voluntarily choose to be stakeholder-oriented because this increases their value. Consumers that prefer to buy from stakeholder firms can also enforce a stakeholder society. With globalization entry by stakeholder firms is relatively more attractive than entry by shareholder firms for all societies. JEL Classification: D02, D21, G34, L13, L21
T3  - CFS working paper series - 2007, 26 
KW  - firm objective
KW  - bankruptcy
KW  - competition
KW  - stakeholder governance
KW  - Stakeholder
KW  - Kapitalismus
KW  - Corporate Governance
KW  - Firmenwert
Y1  - 2007
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/3560
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-50972
ER  -