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Changing the Tune: Conceptualising the Effects of the Global Financial Crisis on Stakeholder Perceptions of Corporate Value ...
Myers, Jonathan
. - : UH Research Archive, 2019
Abstract:
Could shareholder primacy, with its assumed short-termist practices, have had its day when it comes to managerial activity centered on creating corporate value? Many business and opinion leaders appear to take this position, not least Jack Welch who famously declared ‘shareholder primacy is the dumbest idea in the world!’ Indeed, in a post-Crash economy has a wider stakeholder focus with a longer-term outlook superseded any business notions of shareholder primacy and wealth maximization? This research examines these possibilities through a consideration of the narrative companies produce, such as annual reports. From this corpus material, an assessment is made of whether UK managers’ perceptions about corporate value generation changed over the period covering the worldwide financial crisis, with respect to their relative favouring of shareholders and stakeholders. The corpus of narrative material used is visualized as a conceptual space in which a conversation reflecting perceptual bias to the generation of ...
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URL:
http://uhra.herts.ac.uk/handle/2299/21101
https://dx.doi.org/10.18745/th.21101
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Changing the Tune: Conceptualising the Effects of the Global Financial Crisis on Stakeholder Perceptions of Corporate Value
Myers, Jonathan
. - 2019
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