Redefining the Purpose of Corporations -- A Ray of Hope or Illusory Promise.

Autor: Menghwar, Prem Sagar, Rixey, Eppa, Freeman, Robert Edward, Gulati, Ranjay, Montgomery, A. Wren, Marengo, Luigi, Mayer, Colin
Zdroj: Academy of Management Annual Meeting Proceedings; 2023, Vol. 2023 Issue 1, p1324-1324, 1p
Abstrakt: Scholars and practitioners are focusing on redefining the purpose of corporations from shareholder value maximization to creating value for all stakeholders. One school of thought considers this an important step toward corporations' willingness to solve critical social problems and responsibly conduct business. However, another school of thought argues that this voluntary move of redefining the purpose will be harmful to society and illusory. As a result, the literature is fragmented and inconclusive. In this symposium, we have invited panelists from both schools of thought to discuss this issue, highlight the strengths and weaknesses of both schools, and direct useful areas of research. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index