kamagra schweiz kamagra gel kamagra 100mg oral jelly kamagra oral jelly kamagra que es kamagra 100mg levitra precio levitra generico vardenafil generico viagra comprar Comprar viagra priligy kopen priligy belgie priligy goedkoop levitra belgie levitra kopen levitra generiek cialis bijsluiter cialis kopen cialis generiek

2017 GCGC

2-3 June 2017

Shareholders and Stakeholders around the World: The Role of Values and Culture in Directors’ Decisions


Amir Licht

Professor of Law Radzyner School of Law, Herzliya


Kenichi Ueda

Associate Professor University of Tokyo


We present first evidence about individual and institutional factors that guide board members of public companies around the world in addressing the fundamental strategic problem of dealing with shareholders and stakeholders. In a sample comprising nearly nine hundred board members from some fifty countries of origin, we confirm that these corporate leaders hold a principled, quasi-ideological stance towards shareholders and stakeholders, dubbed shareholderism. This stance associates with a personal value profile that emphasizes self-enhancement values and is also compatible with entrepreneurship. We further find that such shareholderism stances correlate with cultural orientations of egalitarianism and mastery that, respectively, reflect a societal view of all people as moral equals and endorse assertive change and domination of the physical and social environment. Our data further suggest that board members’ handling of such strategic dilemmas may be determined by legal factors. Although we do not observe a broad effect of the general style of the legal system as reflected in its legal origin, more specific rules that provide for social security and protect employees may be related to shareholderism.

Visit our partner site :footer-logo-new


We're not around right now. But you can send us an email and we'll get back to you, asap.

Designed By Astwood

Log in with your credentials

Forgot your details?

peuterey hamburg peuterey regina woolrich kinderjacke duvetica adhara duvetica damen duvetica daunenmantel duvetica herren duvetica kinder duvetica kinderjacke duvetica mantel duvetica deutschland barbour lille barbour moto barbour paris barbour pas cher barbour shop online doudoune moncler aliexpress parajumper fille parajumper rouge parajumpers wikipedia pjs beige pjs occasion pjs paris peuterey femme peuterey homme