The Interest of the Company: From Shareholder Value to Benefit Corporations

Marco Palmieri

Banca Impresa Società, 2017, issue 2, 201-238

Abstract: The article examines the Italian legislation on benefit corporations and its impact on domestic company law. The first part analyzes the new law also in a comparative perspective by facing some models adopted by single American States. The second part explores the possible exceedance of the theories of shareholder value and stakeholder value and proposes the idea that the interest of company - also the one of a benefit corporation - is that of its economic partakers to the increase (or at least to the protection) of the company's assets.

Keywords: Benefit Corporations; Interest of the Company; Shareholder Value; Stakeholder Value; Team Production Theory. (search for similar items in EconPapers)
Date: 2017
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