Re-theorizing the firm
No Thumbnail Available
Authors
Author (Corporation)
Publication date
07/2012
Typ of student thesis
Course of study
Collections
Type
06 - Presentation
Editors
Editor (Corporation)
Supervisor
Parent work
Special issue
DOI of the original publication
Link
Series
Series number
Volume
Issue / Number
Pages / Duration
Patent number
Publisher / Publishing institution
Place of publication / Event location
Warsaw
Edition
Version
Programming language
Assignee
Practice partner / Client
Abstract
This paper attempts to re-theorize the firm from a socio-political perspective to show that a firm is not only an economic, but also a social and a political actor. Given the multiple global crises, our traditional understanding of the purpose of the firm – the maximization of shareholder value – is increasingly being challenged. This paper shows that the purpose of the firm is rooted in our social life, and hence a notion of well-being and social justice gains significance rather than wealth creation to underscore the role of responsible governance for sustainability in many dimensions – economic, social and environmental. It concludes that the purpose of the firm should go beyond profit maximization of shareholders in pursuit of well-being of stakeholders and in deliberating global social justice for a sustainable world order.
Keywords
: re-theorizing the firm, the purpose of the firm, social justice, well-being, stakeholder deliberation, responsible governance
Subject (DDC)
Event
ISBEE – International Business in Society of Economics and Ethics – World Congress at Warsaw, Poland
Exhibition start date
Exhibition end date
Conference start date
07/2012
Conference end date
07/2012
Date of the last check
ISBN
ISSN
Language
English
Created during FHNW affiliation
Yes
Strategic action fields FHNW
Publication status
Published
Review
Peer review of the complete publication
Open access category
License
Citation
NATHAN, Ganesh, 2012. Re-theorizing the firm. ISBEE – International Business in Society of Economics and Ethics – World Congress at Warsaw, Poland. Warsaw. Juli 2012. Verfügbar unter: http://hdl.handle.net/11654/10137