The Role of Stakeholders in Corporate Governance By Gaizka Ormazábal

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Finance & accounting books

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Wordery

Merk

Now publishers

The Role of Stakeholders in Corporate Governance : Now Publishers : 9781680833966 : 19 Feb 2018 : The Role of Stakeholders in Corporate Governance: A View from Accounting Research reviews the empirical evidence on stakeholders' influence on managerial behavior focusing on stakeholders - employees, the general public, the media, related firms, the government, private regulators, gatekeepers, and foreigners - rather than shareholders and debt-holders. In analyzing the role of stakeholders in corporate governance, the focus is on their ability and incentives to discipline corporate managers. The question addressed is whether under the current institutional design, stakeholders can help reduce managerial behavior that is socially undesirable. For each stakeholder, the review analyzes the economic forces that determine how and to which extent the stakeholder contributes to discipline managerial behavior. The author first discusses the incentives of each stakeholder to influence managerial

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