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Keywords: Stakeholder value maximization
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Journal Articles
Integrating three theories of 21st-century capitalism
Available to Purchase
Journal:
Corporate Governance
Corporate Governance (2025) 25 (1): 7–30.
Published: 20 March 2024
..., 1987 ; Fennell, 2011). The conception here seeks to separate the problem of theory integration from the conventional problem of comparing shareholder wealth maximization (SWM) (Fama, 2021 ; Jensen, 2001) in market capitalism to stakeholder value maximization (STVM) (Freeman and Elms, 2018...
