Northampton Electronic Collection of Theses and Research

Rethinking the ontology of the shareholder model of the corporation

Kakabadse, N. K., Kakabadse, A. P., Kouzmin, A. and Pesqueux, Y. (2013) Rethinking the ontology of the shareholder model of the corporation. Society and Business Review. 8(1), pp. 55-70. 1746-5680.

Item Type: Article
Abstract: Purpose – The purpose of this paper is to examine the critical assumptions lying behind the Anglo American model of corporate governance. Design/methodology/approach – Literature review examining the concept of a nexus of contracts underpinning agency theory which, it is argued, act as the platform for neo-liberal corporate governance focusing on shareholder wealth creation. Findings – The paper highlights the unaddressed critical challenge of why eighteenth century ownership structures are readily adopted in the twenty-first century. Social implications – A re-examination of wealth creation and wealth redistribution. Originality/value – The paper is highly original due to the fact that few contributions have been made in the area of rethinking shareholder value.
Uncontrolled Keywords: Agency theory, Anglo-American capitalism, corporate governance, governance, shared ownership, shareholders, the corporation
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD2709 Corporations > HD2741 Corporate governance
Creators: Kakabadse, Nada K, Kakabadse, Andrew P, Kouzmin, Alexander and Pesqueux, Yvon
Publisher: Emerald
Faculties, Divisions and Institutes: University Faculties, Divisions and Research Centres - OLD > Faculty of Business & Law > Human Resource Management & Organisational Behaviour
Faculties > Faculty of Business & Law > Human Resource Management & Organisational Behaviour
Date: 2013
Date Type: Publication
Page Range: pp. 55-70
Journal or Publication Title: Society and Business Review
Volume: 8
Number: 1
Language: English
DOI: https://doi.org/10.1108/17465681311297711
ISSN: 1746-5680
Status: Published / Disseminated
URI: http://nectar.northampton.ac.uk/id/eprint/5247

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