The Elusive Nature of Shareholders’ Claims Over the Corporation, or the Strange Non-death of Shareholder Primacy

Butzbach, Olivier

doi:10.1108/s0733-558x20220000078003

Cited by 6 publications

(8 citation statements)

References 35 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Shareholder's fund (SF) represents the residual claim that owners hold on a company's assets once all liabilities have been settled (Butzbach, 2022). It comprises the capital invested by shareholders through preferred or common shares, additional funds contributed beyond the initial investment, and retained earnings.…”

Section: Profitability (Roa)mentioning

confidence: 99%

Do underwriting profit factors affect general insurance firms’ profitability in South Africa?

Sthembiso Msomi

2023

Insurance Markets and Companies

View full text Add to dashboard Cite

This research paper examines the correlation between underwriting profit factors and the overall profitability of publicly traded general insurance companies operating in South Africa. The study analyzed a sample of 36 insurers, considering their quantifiable markets and accessible financial data from 2008 to 2019. Employing signal correlation analysis, the investigation explored the associations between various financial indicators and Return on Assets (ROA). The results revealed negative correlations between ROA and the logarithms of total investment (TI), shareholder funds (SF), and underwriting profits (UWP), with correlation coefficients of –0.4500, –0.3365, and –0.4050, respectively. These findings indicate that as TI, SF, and UWP increase, there is a tendency for ROA to decrease for general insurance companies in South Africa. Furthermore, a positive relationship was observed between the earning-asset ratio and ROA. This suggests that as the earning-asset ratio rises, the ROA of general insurance firms in South Africa tends to improve, indicating a potentially favorable impact on profitability. The significant findings of this study emphasize the importance of prioritizing effective risk management practices within insurance firms. By implementing these measures, such as minimizing the likelihood of claims and ensuring accurate reflection of assumed risks in premium charges, insurance companies can maintain positive underwriting profit. This, in turn, has the potential to enhance their overall profitability.

show abstract

Section: Profitability (Roa)mentioning

confidence: 99%

Do underwriting profit factors affect general insurance firms’ profitability in South Africa?

Sthembiso Msomi

2023

Insurance Markets and Companies

View full text Add to dashboard Cite

show abstract

“…Their claim was now limited to the value of their shares and indirect control rights (Butzbach, 2022;Ireland, 1999). It is on this basis that critics of what has become known as "shareholder primacy" contend that shareholders "do not own corporations: corporations are independent legal entities that own themselves" (Stout, 2012, p. 6; see also Gelter, 2009;Robé, 2011).…”

Section: Expanding Organizational Architecture and Organizational Cap...mentioning

confidence: 99%

“…Following Lawson, we note that social ontology may be conceived as the study of the social realm, where the latter is taken as comprising those phenomena whose coming into being and/or continuing existence depends necessarily on human beings and their interactions. (Lawson, 2015, p. 30) Our contention is that knowledge claims about social constructs, including "corporations," are typically contingent (Butzbach, 2022;Ireland, 2010) as they rely upon the operation of particular relations of power to establish and maintain some degree of purchase and closure. And we attend to the study of social ontology by interrogating and recollecting the ways in which a particular power/knowledge relation, stabilized as a "discipline," deploys "procedures" for accumulating knowledge of social reality -for example, by rendering a social construct like the corporation meaningful, explicable, real, and so consequential.…”

Section: Introductionmentioning

confidence: 99%

Social Ontology of the Modern Corporation: Its Role in Understanding Organizations

Veldman¹,

Willmott²

2022

The Corporation: Rethinking the Iconic Form of Business Organization

View full text Add to dashboard Cite

We explore the significance of social ontology and its capacity to inform the specification of organizational status, architecture and capacities. We consider how different conceptions of social ontology are critical for explicating a range of epistemological and socio-economic questions concerning organizations and develop a research agenda oriented to studying these issues from the perspec -tive of management and organization studies.

show abstract

“…Dentre as justicativas que sustentam a realização do trabalho estão: estudiosos alertam que são raros os estudos que enfatizem a redução da definição do usuário; este é um assunto relevante no âmbito da pesquisa contábil pelas implicações relacionadas à sociedade incluindo a responsabilidade da gestão na admistração do patrimônio e o impacto social, econômico e ambiental gerados pelas empresas e refletidos dentro e fora do ambiente dos reportes contábeis. ( Gray, 2002( Gray, , 2006Baxter 2000;Young 2006;Stout 2012;Flower 2017;Zeff 2013Zeff , 2016aMala & Chand 2015;Butzbach 2022); interessa aos estudos críticos saber quais são os discursos e as posições marginalizadas, Gendron ( 2018), e isso vale para o estudo da normatização contábil, Gallhofer & Haslam (2007), para adiante melhor endereçar seu aprimoramento alinhando ao bem estar social e ao equilíbrio ambiental.…”

Section: Introductionunclassified

A primazia do investidor e a marginalização discursiva no âmbito da estrutura conceitual da contabilidade

Sardeiro,

Bilhim,

Gonçalves

2024

R. G. Secr.

View full text Add to dashboard Cite

O estudo teve como propósito analisar os posicionamentos discursivos observados na consulta pública do International Accounting Standard Board quanto a definição de usuários primários (investidores e credores) nos relatórios financeiros da Estrutura Conceitual da Contabilidade. A investigação se ancorou na Análise do Discurso Crítica e na Contabilidade Social Emancipatória. O corpus do estudo foi composto por 113 cartas oriundas da consulta pública do IASB. Observou-se que as representações discursivas foram polarizadas em dois clusters, sendo um relacionado aos Interesses Sociais, a qual evoca o interesse público e os impactos da norma na sociedade e o outro vinculado ao dever de reportar informação quanto os resultados das empresas, nomeada de Desempenho. Embora as respostas dos participantes da consulta divergissem em pelo menos 50% quanto a primazia do investidor, o normatizador sancionou tal definição. As implicações da exclusão da ampla gama de usuários da informação e a marginalização dos posicionamentos de vertentes democráticas, trazem sérias implicações ao processo de justiça social e à compreensão do papel público da contabilidade na sociedade, vinculado à prestação de contas.

show abstract

The Elusive Nature of Shareholders’ Claims Over the Corporation, or the Strange Non-death of Shareholder Primacy

Cited by 6 publications

References 35 publications

Do underwriting profit factors affect general insurance firms’ profitability in South Africa?

Do underwriting profit factors affect general insurance firms’ profitability in South Africa?

Social Ontology of the Modern Corporation: Its Role in Understanding Organizations

A primazia do investidor e a marginalização discursiva no âmbito da estrutura conceitual da contabilidade

Contact Info

Product

Resources

About