Value Based Management with Corporate Social Responsibility (repost)
John D. Martin, J. William Petty, James S. Wallace "Value Based Management with Corporate Social Responsibility (Financial Management Association Survey and Synthesis)"
Oxford University Press | English | 2009-08-19 | ISBN: 0195340388 | 208 pages | PDF | 1,1 MB
Oxford University Press | English | 2009-08-19 | ISBN: 0195340388 | 208 pages | PDF | 1,1 MB
As the first decade of the 21st century winds down we have seen a sea change in society's attitudes toward finance. The 1990s can best be described as the decade of shareholder supremacy, with each firm trying to outdo the other in their allegiance to shareholder value creation, or as it came to be known, Value-Based Management (VBM). No one seemed to question this culture as the rising firm valuations translated into vast wealth creation for so many.