caa a22 4500 605485313 CHVBK 20210128100440.0 cr unu---uuuuu 210128e20150301xx s 000 0 eng 10.1007/s10551-014-2070-6 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2070-6 Queen Pamela Department of Accounting and Finance, Morgan State University, Baltimore, MD, USA aut Enlightened Shareholder Maximization: Is this Strategy Achievable? [Elektronische Daten] [Pamela Queen] The role of a corporation is often debated as a mutually exclusive choice between economic responsibility to shareholders and social responsibility to society. An evolving viewpoint embraces an integrated approach focused on long-term value creation for shareholders which benefits other stakeholders. Maximizing long-term shareholder value as a corporate objective can be compatible with stakeholder theory when an enlightened shareholder maximization strategy is embraced. Firms implementing an enlightened shareholder maximization strategy are expected to make decisions and use resources which achieve long-term value-creating outcomes. However, critics of enlightened shareholder maximization as a corporate goal contend this strategy conflicts with maximizing shareholder value. This study explores whether firms which embrace a balanced enlightened shareholder maximization strategy indeed create long-term value which does not sacrifice shareholder wealth. Springer Science+Business Media Dordrecht, 2014 Enlightened shareholder wealth maximization nationallicence Stakeholder theory nationallicence Value-based management nationallicence Journal of Business Ethics Springer Netherlands 127/3(2015-03-01), 683-694 0167-4544 127:3<683 2015 127 10551 https://doi.org/10.1007/s10551-014-2070-6 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2070-6 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Queen Pamela Department of Accounting and Finance, Morgan State University, Baltimore, MD, USA aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 127/3(2015-03-01), 683-694 0167-4544 127:3<683 2015 127 10551