Introductory Remarks: The Traps of Maximizing Shareholder Value

Peter Verhezen
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Peter Verhezen: MBS - University of Melbourne

A chapter in The Vulnerability of Corporate Reputation: Leadership for Sustainable Long-Term Value, 2015, pp 1-13 from Palgrave Macmillan

Abstract: Abstract Bad corporate behavior potentially blackens the corporate reputation of the firm, undermining the relationships and trust on which an organization is established. Trust is the glue that holds any group or organization together. Pursuing opportunistic profit maximization at any cost seems to be counterproductive if considered over a longer time period. A more nuanced framework may be more compelling and sensible, in which organizations embrace the goals of serving their customers and respecting their employees and society at large.

Keywords: Corporate Governance; Stock Price; Moral Hazard; Corporate Reputation; Introductory Remark (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-54737-8_1

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DOI: 10.1057/9781137547378_1

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