The Corporate Objective

The Corporate Objective addresses a question that has been subject to much debate: what should be the objective of public corporations? It examines the two dominant theories that address this issue, the shareholder primacy and stakeholder theories, and finds that both have serious shortcomings. he book goes on to develop a new theory, called the Entity Maximisation and Sustainability Model. Under this model, directors are to endeavor to increase the overall long-run market value of the corporati