Table of contents
Stakeholders Versus Stockholders and Financial Ethics: Ethics to Whom?
Uric Dufrene, Alan WongCorporate finance is under attack. Commentators mention that corporate managers have enriched themselves and shareholders, and in the process have failed to consider the interests…
Ethics, Institutions, and Business Relations: A Study of Collusive Incentives for Institutional Shareholders to Monitor Firm Managers
Stan Eakins, Chandrasekhar MishraOur theory asserts that at low levels of ownership institutions may support management to preserve other business relations. At higher levels of ownership, institutions more…
The Rationality of Honesty in Debt Markets
John Dobson, Ken RienerThis article models debt market equilibrium given an expanded notion of rational behavior. The model extends Diamond's model of reputation acquisition, by assuming that some…
The North American Free Trade Agreement (NAFTA) and Full Disclosure: Accounting for Stakeholders
Barbara Brokie LeonardThe accounting profession has been charged by Supreme Court Chief Justice Warren Burger with a public responsibility to fulfill a “public watchdog” function. This function demands…
On the Shareholder Wealth Maximization Objective of Corporate Governance: The Case of Leveraged Recapitalizations
M. Mark WalkerIncreases in stockholder wealth around leveraged recapitalization (recap) announcements are related more to reductions in the firm's financial slack than improvements in operating…
ISSN:
0307-4358e-ISSN:
1758-7743ISSN-L:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson