Stakeholder Governance, Competition and Firm Value

Article, Research, Preprint English OPEN
Allen, Franklin; Carletti, Elena; Marquez, Robert;
  • Publisher: Center for Economic Studies and Ifo Institute (CESifo) Munich
  • Journal: volume 19,issue 3,pages1,315-1,346
  • Related identifiers: doi: 10.1093/rof/rfu011
  • Subject: G32 | L21 | L22
    • jel: jel:G32 | jel:L22 | jel:L21
      ddc: ddc:330

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of... View more
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