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- W2150178503 abstract "The normative foundations of the investor centered model of corporate governance, represented in mainstream economics by the nexus-of-contracts view of the firm, have come under attack, mainly by proponents of normative stakeholder theory. We argue that the nexus-of-contracts view is static and limited due to its assumption of price-output certainty. We attempt a synthesis of the nexus-of-contracts and the Knightian views, which provides novel insights into the normative adequacy of the investor-centered firm. Implications for scholarship and management practice follow from our discussion" @default.
- W2150178503 created "2016-06-24" @default.
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- W2150178503 date "2007-01-01" @default.
- W2150178503 modified "2023-09-24" @default.
- W2150178503 title "Why Stakeholder and Stockholder Theories are Not Necessarily Contradictory: A Knightian Insight" @default.
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- W2150178503 doi "https://doi.org/10.2139/ssrn.875810" @default.
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