ERIC Number: EJ1365373
Record Type: Journal
Publication Date: 2022
Pages: 7
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0883-2323
EISSN: EISSN-1940-3356
Finance and Business Ethics in an Era of Stakeholder Capitalism
Journal of Education for Business, v97 n7 p490-496 2022
In 2019, the Business Roundtable changed its long-standing commitment to shareholder wealth maximization in favor of stakeholder capitalism. Business schools tend to teach the shareholder view in finance courses and the stakeholder view in business ethics courses. Given the increasing popularity of stakeholder capitalism, is it time for business educators--whether teaching finance or business ethics--to abandon the shareholder approach in favor of stakeholder capitalism? The author examines the shareholder wealth maximization and stakeholder capitalism approaches and trends in socially responsible investing. The article concludes with a proposed harmonization of the shareholder and stakeholder views.
Descriptors: Stakeholders, Business, Ethics, Social Systems, Business Schools, Money Management, Business Administration Education, Business Skills, Social Responsibility, Investment
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A