Introduction Milton Friedman’s quote gets to the heart of the conflict between shareholder theory vs. stakeholder theory. Shareholder theory posits that a corporation’s sole responsibility is to maximize the return on investment (ROI) for Continue Reading...
Appropriate Objectives: Managers in Accounting and Finance According to the classical theory of the ethical responsibilities of a firm, the sole obligation of the firm is to shareholders and the need to make a profit to sustain them economically. How Continue Reading...
In other respects, however, the evidence does not readily conform to theoretical predictions. For example, if gross job turnover is taken as a rough proxy for labor market flexibility -- and since stringent EPL reduces both hiring and firing -- it i Continue Reading...
Stakeholder Theory In business, there is a conflict of ideas between the competing ideas of shareholder theory and stakeholder theory. This paper will outline what each of these theories is, and underscore some of the issues in this debate. Shareho Continue Reading...
If the enhanced stakeholder perspective is truly the best for corporate social responsibility, this has significant implications not only for management but also for corporate governance. While Nohria (no date) argues that corporate governance is a Continue Reading...
SHAREHOLDER WEALTH MAXIMIZATION 1 SHAREHOLDER WEALTH MAXIMIZATION 4 Shareholder Wealth Maximization and Social Change Initiatives The financial objective of a corporation or business is to maximize the wealth to the shareholders. The shareholder Continue Reading...
KKR and the Art of the Steal Shareholder Theory and Buyback Programs Introduction Kohlberg Kravis Roberts (KKR) is an investment firm that acquires influence in a company by purchasing a controlling amount of shares or else a significant amount of sh Continue Reading...
The Political Nature of the Federal Budget Process Introduction The federal budget process is overseen by US Congressmen, who are fundamentally immersed in the political nature of government. As Elwood (2008) notes, members of Congress are influenced Continue Reading...
CSR in Beijing Independent and dependent variable Qualitative Case study Research design Multiple case study and document review Sampling selection and Data collections Quantitative Survey Questionnaire Design and scale measurement Data collec Continue Reading...
As both carriers, are concerned about addressing the various provisions in: the Companies (Audit, Investigations and Community Enterprise) Act of 2004 and Sarbanes-Oxley. This is accomplished by tackling those issues that contributed to a host of mo Continue Reading...
Corporate Objective I do not think it is necessary to have a single-valued objective function. Maximizing firm value is not mutually exclusive to all other objectives, first. Second, that's like saying that human should only seek to maximize his or Continue Reading...
Organizing research-development-engineering meetings Such meetings were organized by Continental in order to focus around researchers and developers within the company and to grant them an entrepreneur value, in order to directly confront them wit Continue Reading...
Therefore, our company's mission is to ensure that our customers receive the highest quality products, with similar services, while ensuring that our employees are satisfied and motivated on personal and financial levels. Our company is also determ Continue Reading...
Both the government and the company failed to ensure that employees suffer as least as possible for the company's difficulties. This means that ethical responsibilities towards employees were not put into practice. Although Carroll rates ethical res Continue Reading...
Ethical Dilemmas & Marketing Ethical Dilemmas Ethical dilemmas in international marketing Background of Marketing Ethics Ethical Issues in Marketing Modern Debate in Stakeholder Theory Ethical Theories Teleological Theories Virtue Ethics Continue Reading...
The claim that a board member familiar with forensic accounting would have been able to uncover such a fraud holds little water given that it took a team of experts working in secret many months to uncover the fraud. However, the argument generally Continue Reading...
Leadership: Trustworthiness and Ethical Stewardship A Matter of Trust Even upon an initial, cursory examination of the terms, there readily appears to be significant correlation between the concepts of leadership, trustworthiness, and ethical stewa Continue Reading...
Apart from that there is another type of risk which can surface even in case the market continues its upward march. In the event employees exercise their ESOPs in huge numbers, external shareholders could oppose the diluting impact of these option g Continue Reading...
Agency Theory and Executive Compensation An Analysis of Agency Theory and Aligning Executive Stock Options with Corporate Objectives According to Jensen and Meckling (1976), any medium- or large-sized firm today is not directly managed by its owner Continue Reading...
Overview To some, the difference between public administration and private management only lies in definition. From the onset, it would be prudent to point out that while there is some overlap between public administration and private management, the Continue Reading...
Then, a second major difference resides in the sources used to retrieve the necessary funds. The nonprofit organizations do indeed get the support of the federal budget in the meaning that they are often exempt from tax payment; but they have to ra Continue Reading...
Corporate Social Responsibility The author of this report has been asked to do a critical review of the subject that has come to be known as corporate social responsibility, or CSR for short. Rather than just doing a general literature review of the Continue Reading...
Integrated Reporting & Positive accounting theory Integrated reporting According to IIRC 1.18-1.20, there is an ideal of seamless integration between all competing perspectives that is honored by the integrated reporting perspective. However, d Continue Reading...
Other principles include: the Stakeholder Enabling Principle, the Principle of Director Responsibility, and the Principle of Stakeholder Recourse. For some specialists in the field Friedman's shareholder theory holds water more, while for others, F Continue Reading...
CSR Companies talk a lot about "corporate social responsibility," but quite frankly nobody really knows what the term means. Every company seems to interpret the idea a little bit differently. There is nothing inherently wrong with that, but it rais Continue Reading...
Corporate Social Responsibility in Indian Pharmaceutical Industry An Exploratory Study Outlook of CSR in India History of CSR in India Philanthropy in Indian Society Modern Form of CSR in Indian Society Profile of Indian Pharmaceutical Industry Continue Reading...
The corporation or seller could benefit by developing marketing strategies prior to consumer reviews being available online. Seller Response to Novice and Expert Consumers Before allowing consumers to post product reviews on a corporations or sell Continue Reading...
Obesity Prevention Program: Project Planning Stakeholder identification Childhood obesity-prevention demonstration projects The ANGELO process Socio-cultural contextual analyses Stakeholder engagement Engagement workshops Action plan formulati Continue Reading...
" (Brown, 1996, p. 74) That potential of globalization can be attributed directly to the current business processes working to its fullest capabilities. Some may think that these trends towards globalization are new to the twentieth or twenty-first Continue Reading...
Business as an Ethical Calling: My Personal Philosophy The last several decades have seen American enterprises beset by a number of ethical scandals, spanning from the accounting fraud of Enron and WorldCom to that of the recent subprime housing deb Continue Reading...
Corporate Social and Environmental Reporting Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam's view that the goal of CSR reporting is Continue Reading...
hypothetical firm -- Pharmacare -- and address the issues of corporate responsibility and ethics. Background Information on Case New Jersey-based company, Pharmacare (We CARE about YOUR health®) counts among the leading pharmaceutical firms acro Continue Reading...
1073). Brocklesby advocates 'Soft OR' approaches such as Multi-Criteria Decision Analysis, Data Envelope Analysis, Cognitive Mapping, Soft Systems Methodology and the Theory of Constraints to allow for "conflicting objectives and multiple subjectivi Continue Reading...
Sustainability Literature Review The Starbucks' Social Responsibility & Sustainability (2017) outlines the company's plan for each on several fronts. These are complex issues, and they receive some complexity in their treatment. Starbucks has Continue Reading...
Outsourcing and offshoring are two means by which a business can reduce its costs, and these tactics can also have strategic advantages as well. However, they also typically come at a cost, in particular to workers in industrialized nations. Offshori Continue Reading...
For example, Shu-Acquaye (2007) cites the basic differences in the legal systems in various parts of the world as contributing to the different approaches to corporate governance. Likewise, Shu-Acquaye cites these differences and adds, "The American Continue Reading...
The less direct the impact, the more likely the stakeholder is to use consequentialist considerations to just the actions of managers. For example, government did not react to the need for improved governance and pass Sarbanes-Oxley until after mult Continue Reading...
