Shareholder vs. Stakeholder: Two Approaches to Corporate Governance [Archive.org URL]

Most managers in the United States would shed workers to sustain profitability, whereas Japanese firms often consider job security one of their primary concerns. Both approaches, and their economic impact, can be explained through insider and outsider models of corporate governance. A new study examines the different results of similar corporate governance models by studying firms in different countries and closely examining the relationship between shareholders, managers and employees.

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