Suchergebnisse
Suchergebnisse:
13. Sept. 2020 · On the 50th anniversary of Milton Friedman's declaration of shareholder capitalism supremacy, his doctrine is dead, write Colin Mayer, Leo E. Strine Jr., and Jaap Winter. Fifty years ago, Milton ...
13. Sept. 2020 · But Friedman is best read as embracing maximizing shareholder value over the long run. Toward that end, short-term gains at the expense of stakeholders — who might decide not to work for, supply ...
11. Sept. 2020 · But Friedman is best read as embracing maximizing shareholder value over the long run. Toward that end, short-term gains at the expense of stakeholders — who might decide not to work for, supply ...
It is now 50 years since Milton Friedman set out his doctrine that “The Social Responsibility of Business Is to Increase Its Profits.” This paper seeks to add fresh and compelling new evidence of why Lynn Stout was correct in her resolute critique of the thesis of shareholder primacy at the heart of the Friedman doctrine, and how this doctrine remains profoundly damaging to the ...
13. Sept. 2020 · Milton Friedman’s argument was considered outrageous in 1970, ... Yet the historic emphasis on shareholder value has led some companies to seek monopoly power by controlling the rules of the ...
21. Juli 2021 · In 1970 American economist Milton Friedman wrote a New York Times essay titled “A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits.”. The theory argues that the main responsibility of a business is to maximise their revenue and increase returns to shareholders. According to Friedman, no company is ...
9. Sept. 2020 · But advocates of stakeholder capitalism, like me, can learn a lot from Milton Friedman by using his article in a similar way to Modigliani-Miller. Friedman highlighted the assumptions under which “the social responsibility of business is to increase its profits.” If—and only if— those assumptions are violated, is there a case for moving away from shareholder value.
