Berle and Means’s The Modern Corporation and Private Property: The Military Roots of a Stakeholder Model of Corporate Governance

Berle and Means’s The Modern Corporation and Private Property: The Military Roots of a Stakeholder Model of Corporate Governance
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伯利和米恩斯的《现代公司和私有财产:公司治理利益相关者模型的军事根源》

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发表时间:
2019
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通讯作者:
J. Russell
J. Russell
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作者:
Andrew D Smith;Kevin D. Tennent;J. Russell

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阿道夫·伯利和加德纳·米恩斯的《现代公司与私有财产》(1932)仍然是管理学研究中被引用最多的著作之一。我们的研究表明,伯利和米恩斯支持公司治理的利益相关者理论,挑战了当时的霸权思想,即公司的唯一目的是为股东创造价值。我们认为,Berle和Means对利益相关者理论的支持可以与他们在美国军队的早期服务相关联,该组织随后在其成员中灌输了公共服务的精神。我们的论文是基于富兰克林德拉诺·罗斯福总统图书馆的档案研究,旨在将美国军事组织如何组织自己的变化与私营企业组织的同期变化联系起来。
The Modern Corporation and Private Property by Adolf Berle and Gardiner Means (1932) remains one of the most cited works in management studies. Our paper shows that Berle and Means espoused a stakeholder theory of corporate governance that challenged the then-hegemonic idea that the sole purpose of a corporation is to create value for the shareholders. We argue that Berle and Means’ support for stakeholder theory can be associated with their earlier service in the U.S. military, an organization which then inculcated an ethos of public service in its members. Our paper, which is based on archival research in the Franklin Delano Roosevelt Presidential Library, seeks to relate changes in how U.S. military organizations have structured themselves with contemporaneous changes in the organization of private-sector firms.