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The Purpose of a Corporation

John D. Martin, J. William Petty, and James S. Wallace

in Value–Based Management with Corporate Social Responsibility

Published in print:
2009
Published Online:
September 2009
ISBN:
9780195340389
eISBN:
9780199867257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195340389.003.0001
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

Value-based management sets as a goal the transformation of the cultural mindset within a firm to one of maximizing the firm's value. Corporate social responsibility has most often been presented as ... More


Corporate Law and Theory in Hobby Lobby

Elizabeth Pollman

in The Rise of Corporate Religious Liberty

Published in print:
2016
Published Online:
January 2016
ISBN:
9780190262525
eISBN:
9780190262563
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190262525.003.0009
Subject:
Law, Company and Commercial Law, Constitutional and Administrative Law

Does a business corporation constitute a “person” that can “exercise religion” under the Religious Freedom Restoration Act of 1993? In Burwell v. Hobby Lobby Stores, Inc., the Supreme Court answered ... More


Corporate Moral Agency, Positive Duties, and Purpose

Nien-hê Hsieh

in The Moral Responsibility of Firms

Published in print:
2017
Published Online:
April 2017
ISBN:
9780198738534
eISBN:
9780191801808
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198738534.003.0011
Subject:
Business and Management, Corporate Governance and Accountability

In discussions about corporate moral agency and corporate responsibility, the focus is mainly on assigning responsibility for past wrongdoing that involves violating negative duties. This chapter ... More


How Insiders Abuse the Idea of Corporate Personality

Ian Maitland

in The Moral Responsibility of Firms

Published in print:
2017
Published Online:
April 2017
ISBN:
9780198738534
eISBN:
9780191801808
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198738534.003.0007
Subject:
Business and Management, Corporate Governance and Accountability

This chapter examines the practice of attributing moral and legal responsibility to corporations and its potential for abuse in three different contexts. First, the author describes how the concept ... More


Engagement Required: The Changing Role of the Corporation in Society

Andrew Crane and Dirk Matten

in Re-Imagining Capitalism

Published in print:
2016
Published Online:
October 2016
ISBN:
9780198785453
eISBN:
9780191827372
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198785453.003.0009
Subject:
Business and Management, International Business

This chapter starts by analyzing key drivers and pressures that have led to the changing role of business in society. It then highlights four specific areas of change, i.e., the involvement of ... More


Corporate Community Involvement in the 21st Century

Ratan N. Tata and Dirk Matten

in Re-Imagining Capitalism

Published in print:
2016
Published Online:
October 2016
ISBN:
9780198785453
eISBN:
9780191827372
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198785453.003.0006
Subject:
Business and Management, International Business

This chapter discusses the role of corporate community engagement as a contribution to alternative approaches to capitalism. Against the backdrop of the Tata Group of India’s community engagement, ... More


“Maximizing Shareholder Value” Is an Unnecessary and Unworkable Corporate Objective

Lynn Stout

in Re-Imagining Capitalism

Published in print:
2016
Published Online:
October 2016
ISBN:
9780198785453
eISBN:
9780191827372
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198785453.003.0012
Subject:
Business and Management, International Business

chapter argues that “maximizing shareholder value” is unnecessary and unworkable as a business objective. Each element—maximize, shareholder, and value—is problematic. First, while maximizing a ... More


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