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.
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Information
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:
Creators:
Kakabadse, N. K., Kakabadse, A. P., Kouzmin, A. and Pesqueux, Y.
Publisher:
Emerald
Faculties, Divisions and Institutes:
Date:
2013
Date Type:
Publication
Page Range:
pp. 55-70
Journal or Publication Title:
Society and Business Review
Volume:
8
Number:
1
Language:
English
ISSN:
1746-5680
Status:
Published / Disseminated
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