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  2. Friedman doctrine - Wikipedia

    en.wikipedia.org/wiki/Friedman_doctrine

    Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]

  3. Milton Friedman - Wikipedia

    en.wikipedia.org/wiki/Milton_Friedman

    Friedman's counterpart Keynes believed people would modify their household consumption expenditures to relate to their existing income levels. [65] Friedman's research introduced the term "permanent income" to the world, which was the average of a household's expected income over several years, and he also developed the permanent income ...

  4. Milton Friedman Was Right About Shareholder Capitalism

    www.aol.com/news/milton-friedman-shareholder...

    (Bloomberg Opinion) -- My Bloomberg Opinion colleague Joe Nocera is a onetime believer in Milton Friedman’s doctrine who has changed his mind. He explains why here.Fifty years ago this month ...

  5. Shareholder value - Wikipedia

    en.wikipedia.org/wiki/Shareholder_value

    The term shareholder value, sometimes abbreviated to SV, [1] can be used to refer to: . The market capitalization of a company;; The concept that the primary goal for a company is to increase the wealth of its shareholders (owners) by paying dividends and/or causing the stock price to increase (i.e. the Friedman doctrine introduced in 1970);

  6. Shareholder democracy - Wikipedia

    en.wikipedia.org/wiki/Shareholder_democracy

    Transamerica, Lewis Gilbert wrote, "A corporation is run for the benefit of its shareholders and not that of its management." [ 6 ] To some extent, Gilbert's conception of the corporation is resembles that of noted economist Milton Friedman, in what has come to be known as the Friedman doctrine or shareholder theory.

  7. Shareholder primacy - Wikipedia

    en.wikipedia.org/wiki/Shareholder_primacy

    Shareholder primacy is a theory in corporate governance holding that shareholder interests should be assigned first priority relative to all other stakeholders. A shareholder primacy approach often gives shareholders power to intercede directly and frequently in corporate decision-making, through such means as unilateral shareholder power to amend corporate charters, shareholder referendums on ...

  8. R. Edward Freeman - Wikipedia

    en.wikipedia.org/wiki/R._Edward_Freeman

    Stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by Freeman in the book Strategic Management: a Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due ...

  9. Theory of the firm - Wikipedia

    en.wikipedia.org/wiki/Theory_of_the_firm

    The need for a revised theory of the firm was emphasized by empirical studies by Adolf Berle and Gardiner Means, who made it clear that ownership of a typical American corporation is spread over a wide number of shareholders, leaving control in the hands of managers who own very little equity themselves. [13]

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