Shareholder Value Stakeholder Management, and Social Issues : What's The Bottom Line ?  

Oleh:

Keim, Gerald D. ; Hillman, Amy J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 2 (2001), page 125-140.
Topik: shareholder value; shareholder value; stakeholder management; social issues; market value added

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

We test the relationship between shareholder value, stakeholder management, and social issue participation. Building better relations with primary stakeholders like employees, customers, suppliers, and communities could lead to increased shareholder wealth by helping firms develop intangible, valuable assets which can be sources of competitive advantage. On the other hand, using corporate resources for social issues not related to prmary stakeholders may not creat value for shareholders. We test these propositions with data from S & P 500 firms and find evidence that stakeholder management leads to improved shareholder value, while social issue participation is negatively with shareholder value.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali