• Login
    JavaScript is disabled for your browser. Some features of this site may not work without it.
    THE CORPORATE OBJECTIVE REVISTED: PART I 
    •   QMRO Home
    • School of Law
    • Centre for Commercial Law Studies
    • THE CORPORATE OBJECTIVE REVISTED: PART I
    •   QMRO Home
    • School of Law
    • Centre for Commercial Law Studies
    • THE CORPORATE OBJECTIVE REVISTED: PART I
    ‌
    ‌

    Browse

    All of QMROCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects
    ‌
    ‌

    Administrators only

    Login
    ‌
    ‌

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    THE CORPORATE OBJECTIVE REVISTED: PART I

    View/Open
    Accepted version (66.99Kb)
    Volume
    38
    Publisher
    Kluwer Law International
    Publisher URL
    http://www.kluwerlawonline.com/toc.php?pubcode=BULA
    Journal
    Business Law Review
    Issue
    1
    ISSN
    1533-7421
    Metadata
    Show full item record
    Abstract
    Corporate objective, namely, for whose interests should a company be run, is the most important theoretical and practical issues confronting us today, as the core objectives animate or should animate every decision a company makes. Despite decades of debate, there is no consensus regarding what the corporate objective is or ought to be. Contrary to the widely held belief that the corporate objective should be shareholder wealth maximisation (SWM), this paper seeks to demonstrate that SWM is unsuitable by exploring its main problems. As an antithesis to SWM, stakeholder theory generally emerges and develops to be an alternative. Justifications will be offered from different aspects. In particular, its advantages in solving short-termism and externalisation compared with SWM will be focused on.
    Authors
    YAN, M
    URI
    http://qmro.qmul.ac.uk/xmlui/handle/123456789/19382
    Collections
    • Centre for Commercial Law Studies [317]
    Copyright statements
    © 2017 Kluwer Law International
    Twitter iconFollow QMUL on Twitter
    Twitter iconFollow QM Research
    Online on twitter
    Facebook iconLike us on Facebook
    • Site Map
    • Privacy and cookies
    • Disclaimer
    • Accessibility
    • Contacts
    • Intranet
    • Current students

    Modern Slavery Statement

    Queen Mary University of London
    Mile End Road
    London E1 4NS
    Tel: +44 (0)20 7882 5555

    © Queen Mary University of London.