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Value–Based Management with Corporate Social Responsibility

John D. Martin, J. William Petty, and James S. Wallace

Abstract

The current financial crisis has caused many of us to question the motives and actions that drive the business world. Even the basic notion that firms should be run so as to maximize shareholder value has come under increasing scrutiny. Simply put, the failures of some of our nation's most venerable financial institutions have called into question the very premise of value-based management (VBM). Moreover, by being paid out at a time when rank-and-file employees, suppliers, and other corporate stakeholders are suffering, excessive CEO compensation has produced public outrage. This book provide ... More

Keywords: value-based management, corporate social responsibility, economic value added, value(s)-based management, stakeholder theory, incentive compensation, VBM, CSR, EVA

Bibliographic Information

Print publication date: 2009 Print ISBN-13: 9780195340389
Published to Oxford Scholarship Online: September 2009 DOI:10.1093/acprof:oso/9780195340389.001.0001

Authors

Affiliations are at time of print publication.

John D. Martin, author

J. William Petty, author

James S. Wallace, author