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Rethinking the ontology of the shareholder model of the corporation

Kakabadse, N. K., Kakabadse, A., Kouzmin, A. and Pesqueux, Y. (2013) Rethinking the ontology of the shareholder model of the corporation. Society and Business Review, 8 (1). pp. 55-70. ISSN 1746-5680

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To link to this item DOI: 10.1108/17465681311297711

Abstract/Summary

Purpose – The purpose of this paper is to examine the critical assumptions lying behind the Anglo American model of corporate governance. Design/methodology/approach – Literature review examining the concept of a nexus of contracts underpinning agency theory which, it is argued, act as the platform for neo-liberal corporate governance focusing on shareholder wealth creation. Findings – The paper highlights the unaddressed critical challenge of why eighteenth century ownership structures are readily adopted in the twenty-first century. Social implications – A re-examination of wealth creation and wealth redistribution. Originality/value – The paper is highly original due to the fact that few contributions have been made in the area of rethinking shareholder value.

Item Type:Article
Refereed:Yes
Divisions:Henley Business School > Marketing and Reputation
ID Code:36970
Uncontrolled Keywords:Agency theory, Anglo-American capitalism, Corporate governance, Governance, Shared ownership, Shareholders, The corporation
Publisher:Emerald Group Publishing Limited

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