Shareholderism: Board Members' Values and the Shareholder-Stakeholder Dilemma

Shareholderism: Board Members’ Values and the Shareholder-Stakeholder Dilemma

This study investigates how personal values may affect strategic decisions of board members in dilemmas involving shareholders and other stakeholders. In a survey of the entire population of directors and CEOs in all public corporations in one country, we use vignettes that are based on seminal court cases to identify a general factor of shareholderism (vs. stakeholderism). Directors and CEOs e...

Shareholder, stakeholder-owner or broad stakeholder maximization

With reference to the discussion about shareholder versus stakeholder maximization it is argued that the normal type of maximization is in fact stakeholder-owner maximization. This means maximization of the sum of the value of the shares and stakeholder benefits belonging to the dominating stakeholder-owner. Maximization of shareholder value is a special case of owner-maximization, and only und...

Neither Stakeholder Nor Shareholder Theories : How Property Right and Contract Theory can Help in Getting Out of the Dilemma

New Members of the Editorial Board and International Advisory Board.

The Editorial Board advises the editorial team on all important issues and are selected by the Board of the Gesellschaft Deutscher Chemiker (GDCh; German Chemical Society) upon recommendation by the Editorial Board and the editorial team. After 19 years on the Editorial Board (and 10 years as its Chairman) FranÅois Diederich will now join the International Advisory Board (see below). Hartmut Mi...

Meet the Editorial Board Members

Dr. de Magalhaes graduated in Microbiology in 1999 from the Escola Superior de Biotecnologia in his hometown of Porto, Portugal, and then obtained his PhD in 2004 from the University of Namur in Belgium, where he worked in the Ageing and Stress Group led by Dr Olivier Toussaint. Following a postdoc with genomics pioneer Prof George Church at Harvard Medical School in Boston, USA, in 2008 Dr de ...