Interests of Stakeholders of Enterprises: Theoretical and Empirical Research

Author: Chen Honghui
Publisher:
Publish Date: 2004-04-01
Features: Since the 1960s, the field of research on corporate theory has gradually differentiated into two major theories: shareholder primacy theory and stakeholder theory. The former shareholder primacy theory shareholder primacy theory shareholder primacy theory shareholder owns the company, while the latter stakeholder theory stakeholder theory stakeholder theory stakeholder the true owners of the company are its stakeholders. These two theories have completely different corporate governance implications, and scholars with differing views debated quite fiercely after the 1980s.