On the 2019 Business Roundtable “Statement on the Purpose of a Corporation”


Albert, D., Kreutzer, M., Lechner, C. 2015. Resolving the paradox of interdependency and strategic renewal in activity systems. Academy of Management Review, 40: 210234.
Google Scholar | Crossref


Balakrishnan, S. 1988. The prognostics of diversifying acquisitions. Strategic Management Journal, 9: 185196.
Google Scholar | Crossref


Barnard, C. I. 1938. The functions of the executive. Cambridge, MA: Harvard University Press.
Google Scholar


Barney, J. B. 1988. Returns to bidding firms in mergers and acquisitions: Reconsidering the relatedness hypothesis. Strategic Management Journal, 9: 7178.
Google Scholar | Crossref | ISI


Barney, J. B. 2018. Why resource-based theory’s model of profit appropriation must incorporate a stakeholder perspective. Strategic Management Journal, 39: 33053325.
Google Scholar | Crossref


Baucus, M. S. 1995. Halo-adjusted residuals: Prolonging the life of a terminally ill measure of corporate social performance. Business & Society, 34: 227235.
Google Scholar | SAGE Journals


Berle, A. A. 1931. Corporate powers as powers in trust. Harvard Law Review, 44: 10491074.
Google Scholar | Crossref


Berle, A. A. 1954. The 20th century capitalist revolution. New York, NY: Harcourt, Brace.
Google Scholar


Berle, A. A. 1959. Foreword. In Mason, E. S. (Ed.), The corporation in modern society. Cambridge, MA: Harvard University Press.
Google Scholar


Brauer, M., Zimmermann, M. 2019. Investor response to workforce downsizing: The influence of industry waves, macroeconomic outlook, and firm performance. Journal of Management, 45: 17751801.
Google Scholar | SAGE Journals | ISI


Brink, A. 2010. Enlightened corporate governance: Specific investments by employees as legitimation for residual claims. Journal of Business Ethics, 93: 641651.
Google Scholar | Crossref


Brown, S. J., Warner, J. B. 1980. Measuring security price performance. Journal of Financial Economics, 8: 205258.
Google Scholar | Crossref | ISI


Brown, S. J., Warner, J. B. 1985. Using daily stock returns: The case of event studies. Journal of Financial Economics, 14: 331.
Google Scholar | Crossref | ISI


Business Roundtable . 1997. Statement on corporate governance. Retrieved from http://www.ralphgomory.com/wp-content/uploads/2018/05/Business-Roundtable-1997.pdf
Google Scholar


Business Roundtable . 2019a. Redefined purpose of a corporation: Welcoming the debate. Retrieved from https://medium.com/@BizRoundtable/redefined-purpose-of-a-corporation-welcoming-the-debate-8f03176f7ad8
Google Scholar


Business Roundtable . 2019b. Statement on the purpose of the corporation. Retrieved from https://opportunity.businessroundtable.org/wp-content/uploads/2019/08/Business-Roundtable-Statement-on-the-Purpose-of-a-Corporation-with-Signatures.pdf
Google Scholar


Chakravarthy, B. S. 1986. Measuring strategic performance. Strategic Management Journal, 7: 437458.
Google Scholar | Crossref | ISI


Choi, J., Wang, H. 2009. Stakeholder relations and the persistence of corporate financial performance. Strategic Management Journal, 30: 895907.
Google Scholar | Crossref | ISI


Dodd, E. M. 1932. For whom are managers trustees? Harvard Law Review, 45: 11451163.
Google Scholar | Crossref


Donaldson, T., Preston, L. E. 1995. The stakeholder theory of the corporation: Concepts, evidence, and implications. Academy of Management Review, 20: 6591.
Google Scholar | Crossref | ISI


Elms, H., Johnson-Cramer, M. E., Berman, S. L. 2011. Bounding the world’s miseries: Corporate responsibility and Freeman’s stakeholder theory. In Phillips, R. A. (Ed.), Stakeholder theory: Impact and prospects: 153. Cheltenham, UK: Elgar.
Google Scholar | Crossref


Fink, L. 2018. Purpose and profit. Retrieved from https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter
Google Scholar


Freeman, R. E. 1984. Strategic management: A stakeholder approach. Marshfield, MA: Pitman.
Google Scholar


Freeman, R. E. 2017. Five challenges to stakeholder theory: A report on research in progress. In Wasieleski, D. M., Weber, J. (Eds.), Stakeholder management: 120. Bingley, UK: Emerald.
Google Scholar | Crossref


Freeman, R. E., Harrison, J. S., Wicks, A. C. 2007. Managing for stakeholders: Survival, reputation, and success. New Haven, CT: Yale University Press.
Google Scholar


Freeman, R. E., Phillips, R., Sisodia, R. 2018. Tensions in stakeholder theory. Business & Society. Advance online publication. doi:10.1177/0007650318773750
Google Scholar | SAGE Journals


Friedman, M. 1970. The social responsibility of business is to increase its profits. New York Times Magazine, September 13.
Google Scholar


Fryxell, G. E., Wang, J. 1994. The Fortune corporate reputation index: Reputation for what? Journal of Management, 20: 114.
Google Scholar | SAGE Journals | ISI


Garcia-Castro, R., Aguilera, R. V. 2015. Incremental value creation and appropriation in a world with multiple stakeholders. Strategic Management Journal, 36: 137147.
Google Scholar | Crossref | ISI


Ghoshal, S. 2005. Bad management theories are destroying good management practices. Academy of Management Learning & Education, 4: 7591.
Google Scholar | Crossref | ISI


Guerrera, F. 2009. Welch condemns share price focus. Financial Times, March 12. Retrieved from https://www.ft.com/content/294ff1f2-0f27-11de-ba10-0000779fd2ac
Google Scholar


Haleblian, J., Devers, C. E., McNamara, G., Carpenter, M. A., Davison, R. B. 2009. Taking stock of what we know about mergers and acquisitions: A review and research agenda. Journal of Management, 35: 469502.
Google Scholar | SAGE Journals | ISI


Halpern, P. 1983. Corporate acquisitions: A theory of special cases? A review of event studies applied to acquisitions. Journal of Finance, 38: 297317.
Google Scholar | Crossref | ISI


Harrison, J. S. 2011. Stakeholder theory in strategic management: A retrospective. In Phillips, R. A. (Ed.), Stakeholder theory: Impact and prospects: 99110. Cheltenham, UK: Elgar.
Google Scholar | Crossref


Harrison, J. S. 2019. Stakeholders. Retrieved from https://www.oxfordbibliographies.com/view/document/obo-9780199846740/obo-9780199846740-0096.xml
Google Scholar


Harrison, J. S., Barney, J. B., Freeman, R. E., Phillips, R. E. (Eds.). 2019. Cambridge handbook of stakeholder theory: 318. Cambridge, UK: Cambridge University Press.
Google Scholar | Crossref


Harrison, J. S., Fiet, J. O. 1999. New CEOs pursue their own self-interests by sacrificing stakeholder value. Journal of Business Ethics, 19: 301308.
Google Scholar | Crossref


Harrison, J. S., van der Laan Smith, J. 2015. Responsible accounting for stakeholders. Journal of Management Studies, 52: 935960.
Google Scholar | Crossref


Harrison, J. S., Wicks, A. C. 2013. Stakeholder theory, value and firm performance. Business Ethics Quarterly, 23: 97125.
Google Scholar | Crossref | ISI


Harrison, J. S., Wicks, A. C. 2019. Harmful stakeholder strategies. Journal of Business Ethics, doi:10.1007/s10551-019-04310-9
Google Scholar | Crossref | Medline


Heminway, J. M. 2017. Shareholder wealth maximization as a function of statutes, decisional law, and organic documents. Washington and Lee Law Review, 74: 939972.
Google Scholar


Henisz, W. J., Dorobantu, S., Nartey, L. J. 2014. Spinning gold: The financial returns to stakeholder engagement. Strategic Management Journal, 35: 17271748.
Google Scholar | Crossref | ISI


Hillman, A. J., Keim, G. D. 2001. Shareholder value, stakeholder management, and social issues: What’s the bottom line? Strategic Management Journal, 22: 125139.
Google Scholar | Crossref | ISI


Jacobsen, R. 1988. The persistence of abnormal returns. Strategic Management Journal, 9: 415430.
Google Scholar | Crossref


Jensen, M., Meckling, W. 1976. Theory of the firm: Managerial behavior, agency costs and capital structure. Journal of Financial Economics, 3: 305360.
Google Scholar | Crossref | ISI


Jensen, M. C. 2001. Value maximization, stakeholder theory, and the corporate objective function. Journal of Applied Corporate Finance, 14: 821.
Google Scholar | Crossref


Johnson, H. T., Kaplan, R. S. 1987. Relevance lost: The rise and fall of management accounting. Boston, MA: Harvard Business School Press.
Google Scholar


Kast, F. E., Rosenzweig, J. E. 1972. General systems theory. Academy of Management Journal, 15: 447466.
Google Scholar | Crossref | ISI


KPMG . 2013. The KPMG survey of corporate responsibility reporting 2013. Retrieved from http://www.KPMG.com.
Google Scholar


Lease, R. C., Masulis, R. W., Page, J. R. 1991. An investigation of market microstructure impacts on event study returns. Journal of Finance, 46: 15231536.
Google Scholar | Crossref | ISI


Lieberman, M. B., Garcia-Castro, R., Balasubramanian, N. 2017. Measuring value creation and appropriation in firms: The VCA model. Strategic Management Journal, 38: 11931211.
Google Scholar | Crossref


Mattingly, J. E. 2017. Corporate social performance: A review of empirical research examining the corporation-society relationship using Kinder, Lydenberg, Domini social ratings data. Business & Society, 56: 796839.
Google Scholar | SAGE Journals | ISI


McGregor, J. 2019. Group of top CEOs says maximizing profits no longer can be the primary goal of corporation. Washington Post, August 19. Retrieved from http://lobbying-group-powerful-ceos-is-rethinking-how-it-defines-corporations-purpose
Google Scholar


Moore, T. 2019. Why Business Roundtable’s historic declaration wasn’t a fit for every company. PR Week, August 23. Retrieved from https://www.prweek.com/article/1594781/why-business-roundtables-historic-declaration-wasnt-fit-every-company
Google Scholar


Odziemkowska, K., Henisz, W. J. 2016. Webs of influence: National stakeholder networks and corporate social performance. In Academy of Management Proceedings: 13867. Briarcliff Manor, NY: Academy of Management.
Google Scholar | Crossref


Oler, D. K., Harrison, J. S., Allen, M. R. 2008. The danger of misinterpreting short-window event study findings in strategic management research: An empirical illustration using horizontal acquisitions. Strategic Organization, 6: 151184.
Google Scholar | SAGE Journals | ISI


Pfeffer, J. 2007. A modest proposal: How we might change the process and product of managerial research. Academy of Management Journal, 50: 13341345.
Google Scholar | Crossref | ISI


Phillips, R. A., Barney, J. B., Freeman, R. E., Harrison, J. S. 2019. Stakeholder theory. In Harrison, J. S., Barney, J. B., Freeman, R. E., Phillips, R. E. (Eds.), Cambridge handbook of stakeholder theory: 318. Cambridge, UK: Cambridge University Press.
Google Scholar | Crossref


Phillips, R. S., Berman, S., Elms, H., Johnson-Cramer, M. 2010. Strategy, stakeholders and managerial discretion. Strategic Organization, 8: 176183.
Google Scholar | SAGE Journals | ISI


Phillips, R. S., Berman, S. L., Elms, H., Johnson-Cramer, M. 2011. Stakeholder orientation, managerial discretion and nexus rents. In Phillips, R. (Ed.), Stakeholder theory: Impact and prospects. Cheltenham, UK: Elgar.
Google Scholar | Crossref


Phillips, R. A., Freeman, R. E., Wicks, A. C. 2003. What stakeholder theory is not. Business Ethics Quarterly, 13: 479502.
Google Scholar | Crossref | ISI


Planck, M. 1950. Scientific autobiography and other papers. New York, NY: Philosophical Library.
Google Scholar | Crossref


Post, J. E., Preston, L. E., Sauter-Sachs, S. 2002. Redefining the corporation: Stakeholder management and organizational wealth. Redwood City, CA: Stanford University Press.
Google Scholar


Rönnegard, D., Smith, N. C. 2019. Shareholder primacy vs. stakeholder theory: The law as constraint and potential enabler. In Harrison, J. S., Barney, J. B., Freeman, R. E., Phillips, R. E. (Eds.), Cambridge handbook of stakeholder theory: 117131. Cambridge, UK: Cambridge University Press.
Google Scholar | Crossref


Rowley, T. J. 1997. Moving beyond dyadic ties: A network theory of stakeholder influences. Academy of Management Review, 22: 887910.
Google Scholar | Crossref | ISI


Sisodia, R., Wolfe, D. B., Sheth, J. 2007. Firms of endearment: How world-class companies profit from passion and purpose. Upper Saddle River, NJ: Wharton School.
Google Scholar


Stout, L. A. 2012. The shareholder value myth: How putting shareholders first harms investors, corporations, and the public. San Francisco, CA: Berrett-Koehler.
Google Scholar


Thomas, T. 2009. Business schools and management research: A UK perspective. Journal of Management Development, 28: 660667.
Google Scholar | Crossref


Walsh, J. P. 2005. Book review essay: Taking stock of stakeholder management. Academy of Management Review, 30: 426452.
Google Scholar | Crossref


West, D. 2011. The purpose of the corporation in business and law school curricula. Washington, DC: Brookings Institution.
Google Scholar


Wicks, A. C., Elmore, F. A., Jonas, D. 2019. Connecting stakeholder theory to the law and public policy. In Harrison, J. S., Barney, J. B., Freeman, R. E., Phillips, R. E. (Eds.), Cambridge handbook of stakeholder theory: 97116. Cambridge, UK: Cambridge University Press.
Google Scholar | Crossref


Williamson, O. E., Bercovitz, J. 1996. The modern corporation as an efficiency instrument: The comparative contracting perspective. In Kaysen, C. (Ed.), The American corporation today: 327359. New York, NY: Oxford University Press.
Google Scholar


Zhu, H., Ma, X., Sauerwald, S., Peng, M. W. 2019. Home country institutions behind cross-border acquisition performance. Journal of Management, 45: 13151342.
Google Scholar | SAGE Journals | ISI


Zorn, M. L., Sexton, J. C., Bhussar, M. S., Lamont, B. T. 2019. Unfinished business: Nested acquisitions, managerial capacity, and firm performance. Journal of Management, 45: 14881516.
Google Scholar | SAGE Journals | ISI



Source link

Phone: 0.811.867.363
Fax: 0.811.867.362
80133, Napoli, Italy
Piazza Bovio 33