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
复制标题
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》
DOI:
--
复制
发表时间:
2019
期刊:
影响因子:
--
通讯作者:
J. Russell
中科院分区:
文献类型:
--
作者:
Andrew D Smith;Kevin D. Tennent;J. Russell
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.