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- W3124072016 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.
- W3124072016 created "2021-02-01" @default.
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- W3124072016 date "2005-05-30" @default.
- W3124072016 modified "2023-09-26" @default.
- W3124072016 title "Why stakeholder and stockholder theories are not necessarily contradictory: A knightian insight" @default.
- W3124072016 hasPublicationYear "2005" @default.
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