 Shareholder and stakeholder theory in governanceRalf Müller Chapter 4 in Research Handbook on the Governance of Projects, 2023, pp 42-49 from Edward Elgar Publishing Abstract: One of the most fundamental differences in governance perspectives is that of governance for shareholders versus stakeholders. The former aligns all resources and decision-making in the governed entity to prioritize the benefits for one particular stakeholder group: the shareholders. Contrarily, a stakeholder perspective balances the benefits created by the governed entity over the various stakeholder groups, of which the shareholders are one among many. For individuals in projects, it is essential to know the emphasis in corporate governance for either the shareholder or stakeholder approach and its implementation in the particular part of the organization where a project occurs. Otherwise, the project might be at risk of delivering unintended, false benefits or benefits to the wrong stakeholder group. The present chapter provides an introduction to shareholder and stakeholder orientations and their related theories and then discusses the implications thereof for projects, programs, and portfolios of projects. Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21314_4 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.