Introduction to the "Corporate Objective Revisited" Exchange

The stock market convulsions and corporate scandals of 2001 and 2002 have reignited debate on the purposes of the corporation and, in particular, the goal of shareholder value maximization. We revisit the debate, re-examine the traditional…

Stakeholder theory begins with the assumption that values are necessarily and explicitly a part of doing business. It asks managers to articulate the shared sense of the value they create, and what brings its core stakeholders together. It also…

The article discusses various reports published within the issue including the article on the use of corporate social responsibility (CSR) initiatives to strengthen relations with stakeholders by C. B. Bhattachara, Sankar Sen, and Daniel Korshun, an…

Class-tested and coherent, this groundbreaking new textbook teaches web-era information retrieval, including web search and the related areas of text classification and text clustering from basic concepts. Written from a computer science perspective…

SOAS (DKS 338.8 842 508) The financial crisis that swept through Asia in 1997-98 had many roots, but one that has received increasing attention is the nature of the Asian business group (Pomerleano 1998; Claessens, Djankov and Lang 2000b; Rajan and…

Discusses issues facing corporations concerning corporate branding. Information on marketing strategies of companies; Promotion of products over the Internet; Effects of corporate branding on the sales of the product.

Focuses on corporate entrepreneurship. Scope of corporate entrepreneurship; Linkages of entrepreneurship to strategic management; Views on entrepreneurship.

Freeman et al. (2004) offer a spirited rebuttal to our paper "The Corporate Objective Revisited" from the perspective of stakeholder theory. However, they fall short in making a case against the logic of shareholder value maximization. The authors…

A clear corporate strategy communication can be a signal to financial analysts and public investors at the time of an initial public offering (IPO). This study examines IPO prospectuses of 57 biotechnology firms listed on the NASDAQ between 1997 and…

The article reviews the book "An Introduction to Corporate Accounting Standards," by W. A. Paton and A. C. Littleton.