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A mathematical logic approach to the shareholder vs stakeholder debate

A mathematical logic approach to the shareholder vs stakeholder debate Uses an innovative approach to analyze the long-standing claim that companies exist to maximize shareholder value. Five statements supporting this claim are tested using mathematical logic. Each one is found to be false. The community of business theorists, consultants, academics, and management practitioners that espouse shareholder value as the singular purpose of business are thus shown, from this perspective, to be wrong. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Decision Emerald Publishing

A mathematical logic approach to the shareholder vs stakeholder debate

Management Decision , Volume 39 (8): 5 – Oct 1, 2001

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Publisher
Emerald Publishing
Copyright
Copyright © 2001 MCB UP Ltd. All rights reserved.
ISSN
0025-1747
DOI
10.1108/00251740110399521
Publisher site
See Article on Publisher Site

Abstract

Uses an innovative approach to analyze the long-standing claim that companies exist to maximize shareholder value. Five statements supporting this claim are tested using mathematical logic. Each one is found to be false. The community of business theorists, consultants, academics, and management practitioners that espouse shareholder value as the singular purpose of business are thus shown, from this perspective, to be wrong.

Journal

Management DecisionEmerald Publishing

Published: Oct 1, 2001

Keywords: Management; Shareholder value analysis; Stakeholders

References