2020
DOI: 10.2139/ssrn.3725725
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Enlightened Shareholder Value, Stakeholderism, and the Quest for Managerial Accountability

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Cited by 2 publications
(2 citation statements)
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“…This was driven by focus on reducing the negative impact of the usage of natural resources and by the fact that companies are facing ongoing scrutiny by investors and society (Durand et al, 2019;Lagasio and Cucari, 2019;Welch et al, 2020;Yoon et al, 2018). Environmental, social and governance (ESG) pillars were translated into non-financial reporting metrics that claim the end of "shareholderism," to consolidate the emergence of the "stakeholderism" as an important subject on leading executives' agendas (Freeman, 1984;Lund, 2020;Parmar et al, 2010). This means a change in focus of the purpose of businesses from the exclusive importance of profits to importance given to all stakeholders involved in the success of a company, especially employees, who are considered the first business stakeholder (Freeman, 1984;Parmar et al, 2010).…”
Section: Introductionmentioning
confidence: 99%
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“…This was driven by focus on reducing the negative impact of the usage of natural resources and by the fact that companies are facing ongoing scrutiny by investors and society (Durand et al, 2019;Lagasio and Cucari, 2019;Welch et al, 2020;Yoon et al, 2018). Environmental, social and governance (ESG) pillars were translated into non-financial reporting metrics that claim the end of "shareholderism," to consolidate the emergence of the "stakeholderism" as an important subject on leading executives' agendas (Freeman, 1984;Lund, 2020;Parmar et al, 2010). This means a change in focus of the purpose of businesses from the exclusive importance of profits to importance given to all stakeholders involved in the success of a company, especially employees, who are considered the first business stakeholder (Freeman, 1984;Parmar et al, 2010).…”
Section: Introductionmentioning
confidence: 99%
“…Employees' families are also part of this ecosystem, and family support could be considered an emergent characteristic of sustainable businesses (Lund, 2020;Rofcanin et al, 2018). As social beings, all humans are part of a family or community (Donati, 2003(Donati, , 2014, and lived experiences can reverberate positively or negatively in other domains, such as in the professional domain (Sirgy and Lee, 2017).…”
Section: Introductionmentioning
confidence: 99%