Shareholder Wealth Maximization and Social Welfare: A Utilitarian Critique
نویسندگان
چکیده
منابع مشابه
Shareholder Wealth Maximization and Social Welfare: A Utilitarian Critique
Many scholars and managers endorse the idea that the primary purpose of the !rm is to make money for its owners. This shareholder wealth maximization objective is justi!ed on the grounds that it maximizes social welfare. In this article, the !rst of a two-part set, we argue that, although this shareholder primacy model may have been appropriate in an earlier era, it no longer is, given our curr...
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ژورنال
عنوان ژورنال: Business Ethics Quarterly
سال: 2013
ISSN: 1052-150X,2153-3326
DOI: 10.5840/beq201323215