Beyond Shareholder Wealth Maximization

M. Chapman Findlay · G. Alex Whitmore

26 citations0/0 files storedFinancial Management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Corporate Social Responsibility Reporting Financial Reporting and Valuation Research

Abstract

Many fields of study are forced to deal with the entity known as the business and assumptions about its nature and goals are often required. Because various fields of study do not have common objectives in their examinations of the firm, these assumptions also vary. The discipline of economics, for example, defines the firm as a profit maximizing entity dealing in perfectly-competitive markets and this definition has remained virtually unchanged for 200 years. While this view may be lacking in descriptive validity, it is deemed adequate for most tasks confronted by economists because this really has nothing to do with the firm; rather, it is a theory of the determination of wages and prices in markets, in which the itself serves the function of a black

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 26 citations exist upstream.

References

1968An Empirical Evaluation of Accounting Income Numbers 1963CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION 1964Richard M. Cyert & James G. March, A Behavioral Theory of The Firm, Prentice-Hall, Inc., Englewood Cliffs, New Jersey, 1963, 332 s.1956DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES 2003The Adjustment of Stock Prices to New Information 1966Theory of the Firm 1965The Economics of Discretionary Behavior: Managerial Objectives in a Theory of the Firm 1964The Economic Theory of `Managerial' Capitalism.

Cited by

1994Shareholder wealth maximization, business ethics and social responsibility 1991Asset Management Performance and Reputation Building for Large US Firms 1994Multidivisional structure and capital structure: The contingency of diversification strategy

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.