Stakeholder Management, Cooperatives, and Selfish-Individualism

Giovanni Ferri and Angelo Leogrande

Journal for Markets and Ethics, 2021, vol. 9, issue 2, 61-75

Abstract: We analyze stakeholder management (STM) relative to cooperation and individualism within the fourth industrial revolution (FIR). STM is a recent corporate governance tool boosting cooperation and allowing representativeness of individualistic behaviors even in dialectical environments. Though forerunning it, cooperatives massively use STM now, while the FIR demands cooperation also at non-cooperative enterprises. We reach two main conclusions. Deeper orientation towards STM helps solve the shareholder management (SHM) crisis. Moreover, exemplifying the benefits of STM towards social and environmental goals, cooperatives can inspire also other companies aiming to reduce the negative externalities of SHM and profit from cooperation within the FIR.

Keywords: Stakeholder Management; Cooperative Banks; Shareholder value; Individualism; Market Society (search for similar items in EconPapers)
JEL-codes: L21 L31 L33 M14 P12 P13 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (12)

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Working Paper: Stakeholder Management, Cooperatives, and Selfish-Individualism (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:jmaeth:v:9:y:2021:i:2:p:61-75:n:3

DOI: 10.2478/jome-2021-0005

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