‘Whose Company Is It?’ New Insights into the Debate over Shareholders vs. Stakeholders
It is perhaps the core question in the ongoing debate over corporate governance: Does the corporation exist for the benefit of shareholders, or does it have other, equally important stakeholders, such as employees, customers and suppliers? A new study by Wharton finance professor Franklin Allen and two colleagues does not claim to provide a definitive answer, but it does show the various benefits of the … [ Read more ]
Content: Article | Authors: Elena Carletti, Franklin Allen, Robert Marquez | Source: “Knowledge@Wharton” | Subjects: Corporate Governance, International