This European survey examines (a) It is best for society if the management of publicly traded corporations only considers the impact of their decisions on customers, employees, and community members to the extent that these effects feedback to affect shareholder wealth; (b) The typical chief executive officer of a publicly traded corporation is paid more than his or her marginal contribution to the firm's value
Keyword: capitalism
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This European survey examines (a) Adam Smith’s metaphor of the invisible hand has been foundational to the development of modern economic theory; (b) Adam Smith’s metaphor of the invisible hand has been commonly misinterpreted as advocacy for pure laissez-faire capitalism
This US survey examines (a) Adam Smith’s metaphor of the invisible hand has been foundational to the development of modern economic theory; (b) Adam Smith’s metaphor of the invisible hand has been commonly misinterpreted as advocacy for pure laissez-faire capitalism
This Finance survey examines (a) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities. (b) Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers, and community members – with negligible impacts on shareholder value. (c) Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.
This week’s IGM European Economic Experts Panel statements:
A) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.
B) Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with small impacts on shareholder value.
C) Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.
This week’s IGM Economic Experts Panel statements:
A) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.
B) Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with negligible impacts on shareholder value.
C) Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.
This week's IGM European Economic Experts Panel statement:
On the whole, the shift from state to private ownership of many industrial assets in central and eastern European countries after communism has increased productivity in those countries.
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