Stakeholder Happiness Enhancement: A Neo-Utilitarian Objective for the Modern Corporation
Employing utilitarian criteria, Jones and Felps, in “Shareholder Wealth Maximization and Social Welfare: A Utilitarian Critique” (Business Ethics Quarterly 23[2]: 207–38), examined the sequential logic leading from shareholder wealth maximization to maximal social welfare and uncovered several serio...
| Authors: | ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Cambridge Univ. Press
2013
|
| In: |
Business ethics quarterly
Year: 2013, Volume: 23, Issue: 3, Pages: 349-379 |
| Further subjects: | B
Happiness
B corporate objective function B Shareholder primacy B normative stakeholder theory B Utilitarianism B shareholder wealth maximization |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000naa a22000002 4500 | ||
|---|---|---|---|
| 001 | 1824201281 | ||
| 003 | DE-627 | ||
| 005 | 20221202052658.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 221202s2013 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.5840/beq201323325 |2 doi | |
| 035 | |a (DE-627)1824201281 | ||
| 035 | |a (DE-599)KXP1824201281 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Jones, Thomas M. |e VerfasserIn |4 aut | |
| 109 | |a Jones, Thomas M. |a Jones, Thomas Madison | ||
| 245 | 1 | 0 | |a Stakeholder Happiness Enhancement: A Neo-Utilitarian Objective for the Modern Corporation |
| 264 | 1 | |c 2013 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a Employing utilitarian criteria, Jones and Felps, in “Shareholder Wealth Maximization and Social Welfare: A Utilitarian Critique” (Business Ethics Quarterly 23[2]: 207–38), examined the sequential logic leading from shareholder wealth maximization to maximal social welfare and uncovered several serious empirical and conceptual shortcomings. After rendering shareholder wealth maximization seriously compromised as an objective for corporate operations, they provided a set of criteria regarding what a replacement corporate objective would look like, but do not offer a specific alternative. In this article, we draw on neo-utilitarian thought to advance a refined version of normative stakeholder theory that we believe addresses a major remaining criticism of extant versions, their lack of specificity. More particularly, we provide a single-valued objective function for the corporation—stakeholder happiness enhancement—that would allow managers to make principled choices between/among policy options when stakeholder interests conflict. | ||
| 601 | |a Stakeholder | ||
| 650 | 4 | |a corporate objective function | |
| 650 | 4 | |a Shareholder primacy | |
| 650 | 4 | |a shareholder wealth maximization | |
| 650 | 4 | |a normative stakeholder theory | |
| 650 | 4 | |a Happiness | |
| 650 | 4 | |a Utilitarianism | |
| 700 | 1 | |a Felps, Will |e VerfasserIn |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Business ethics quarterly |d Cambridge : Cambridge Univ. Press, 1991 |g 23(2013), 3, Seite 349-379 |w (DE-627)341900230 |w (DE-600)2069764-8 |w (DE-576)273911066 |x 2153-3326 |7 nnns |
| 773 | 1 | 8 | |g volume:23 |g year:2013 |g number:3 |g pages:349-379 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/41968869 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.5840/beq201323325 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 856 | 4 | 0 | |u https://www.cambridge.org/core/journals/business-ethics-quarterly/article/stakeholder-happiness-enhancement-a-neoutilitarian-objective-for-the-modern-corporation/5B9DD8515FF1BD6C3716E720146D7853 |x Verlag |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 936 | u | w | |d 23 |j 2013 |e 3 |h 349-379 |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4223019465 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1824201281 | ||
| LOK | |0 005 20221202052658 | ||
| LOK | |0 008 221202||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2022-11-29#43922D31163777916938CA14E7878DF4614C4529 | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/41968869 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||