The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Shareholders and stakeholders: How do directors decide?
Abstract
This study examines how directors make decisions that involve shareholders and other stakeholders. Using vignettes derived from seminal court cases, we construct an index of directors' shareholderism as a general orientation on this issue. In a survey of the entire population of directors and CEOs in public corporations in one country, we find that directors' personal values and roles play an important part in their decisions. Directors and CEOs are more pro‐shareholder the more they endorse entrepreneurial values—specifically, higher achievement, power, and self‐direction values and lower universalism values. While employee representative directors exhibit a lower baseline level of shareholder orientation, they nonetheless often side with shareholders. Copyright © 2011 John Wiley & Sons, Ltd.
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Cites
Podsakoff, P. M., MacKenzie, S. B., Lee, J.-Y., & Podsakoff, N. P. (2003) · Journal of Applied Psychology · doi:10.1037/0021-9010.88.5.879 · Cited by 82,194
Corporate Social and Financial Performance: A Meta-Analysis
Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003) · Organization Studies · doi:10.1177/0170840603024003910 · Cited by 7,641
Enjoying the Quiet Life? Corporate Governance and Managerial Preferences
Bertrand, M., & Mullainathan, S. (2003) · Journal of Political Economy · doi:10.1086/376950 · Cited by 3,777
Galinsky, A. D., & Moskowitz, G. B. (2000) · Journal of Personality and Social Psychology · doi:10.1037/0022-3514.78.4.708 · Cited by 1,725
Stakeholders, reciprocity, and firm performance
Bosse, D. A., Phillips, R. A., & Harrison, J. S. (2009) · Strategic Management Journal · doi:10.1002/smj.743 · Cited by 558
Kasof, J., Chen, C., Himsel, A., & Greenberger, E. (2007) · Creativity Research Journal · doi:10.1080/10400410701397164 · Cited by 151 · cited 2×
“For example, evidence suggests that values are related to creativity (Dollinger, Burke, and Gump, 2007; Kasof et al., 2007), reactions to organizational change (Sverdlik and Oreg, 2009), cooperation versus competition in social dilemmas (Sagiv, Sverdlik, and Schwarz, 2011) and conflict resolution style (Morris et al.”
Cited by
Liu, J., Ma, Y., Appolloni, A., & Cheng, W. (2021) · Journal of Public Procurement · doi:10.1108/jopp-04-2020-0035 · Cited by 56
Unlocking sustainable governance: The role of women at the corporate apex
Zaccone, M. C. (2024) · Business Ethics, the Environment & Responsibility · doi:10.1111/beer.12637 · Cited by 11
Metadata
- Authors
- Adams, R. B., Licht, A. N., & Sagiv, L.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2011-06
- Volume
- 32
- Issue
- 12
- Pages
- 1331-1355
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W3123663832
- Cited by
- 365
- References
- 6
- FWCI
- 40.04
- Type
- journal article
- Language
- en
- Open access
- closed
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