A new approach to corporate governance
Andrei Stanculescu ()
Theoretical and Applied Economics, 2018, vol. XXV, issue Special, 45-48
This work emphasizes the need of a new paradigm in financial and corporate governance literature which would be based on the informational and "energy" exchanges that normally take place between the stakeholders of any corporation. Corporate governance is directly related to corporate finance, by definition. The main goal of any intellectual process that intends to express a general model of corporate finance will, firstly, have to go through corporate governance relationships and secondly, through a detailed emphasis of cash and "energy" flows. Thus, a new paradigm is required.
Keywords: cash-flow; corporate governance; low entropy value theory; shareholders; stakeholders. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxv:y:2018:i:special:p:45-48
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