Single-objective versus multi-objective theories of the firm: using a constitutional perspective to resolve an old debateBusiness ethicsConstitutional economicsCorporate political responsibilityCorporate social responsibilityStakeholdersStrategic managementOur article contributes to the recurring debate on whether and...
Two hundred years of work in economics and finance implies that in the absence of externalities and monopoly (and when all goods are priced), social welfare is maximized when each firm in an economy maximizes its total market value. Total value is not just the value of the equity but also...
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The investor is a manager or employee of a particular firm. He is constrained to hold at least a certain proportion of his wealth in the stock of his own firm until his retirement. After retirement his portfolio is unconstrained. The model determines the discount in subjective value 1 which ...
Section 5 presents the solution approach consisting of the overall procedure on the multi-objective optimisation approach. The data analysis and findings are presented in Section 6. Research and managerial implications are discussed in Section 7. Finally, Section 8 concludes with a discussion on the ...
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arguesthatmanagersshouldmakedecisionsso astotakeaccountoftheinterestsofallstakeholdersinafirm(includingnotonlyfinancial claimants,butalsoemployees,customers,communities,governmentalofficials,andunder someinterpretationstheenvironment,terrorists,andblackmailers).Becausetheadvocatesof stakeholdertheoryrefusetospecifyhowtomake...
production planning & control: the management of operations publication details, including instructions for authors and subscription information: supply ri... This paper considers the 'inventory outsourcing problem' when the supplier is a leader having full information of the outsourcing firm's demand di...
It is essential to have abundant knowledge of the firm’s environment. Therefore, a business must make decisions based on macroeconomic factors like government policies, taxes, demand, supply, etc. #3 Competitive Advantage The principles of business economics help entrepreneurs know the strategies of...