The role of outcome focus within subject positions tied to shareholder value
Purpose – This paper seeks to elaborate on how subject positions promoting shareholder value are infused with an outcome focus. Design/methodology/approach – The study employs Foucault's perspectives on government and the interrelations between objectivity and subjectivity in the analysis of in-depth case data gathered in one shareholder value-oriented-listed company and one non-listed company. Findings – The outside financial market discipline that objectifies shareholder value-oriented company executives makes them subjects in their own organisation, allowing them to redirect discipline onwards and thereby objectify their subordinates. The non-listed company executives, due to the relatively closed governance structure of their company and the lack of outside ownership, are not subject to such continuous outside discipline; they lack the same access to the means to create tangible outcomes within their organisations. The subject positions promoting shareholder value are focused on outcomes, whereas the non-listed company subject positions are focused on processes. Research limitations/implications – The subject positions of actors within different types of non-listed companies and listed companies without a shareholder focus form a target for future studies. Originality/value – The study contributes to the literatures on manager subject position formation and shareholder value. These contributions are achieved by uncovering a novel consequence of subject position formation and by revealing a mechanism by which outcome focus is tied with shareholder value.
Volume (Year): 7 (2010)
Issue (Month): 4 (November)
|Contact details of provider:|| Web page: http://www.emeraldinsight.com|
|Order Information:|| Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK|
Web: http://emeraldgrouppublishing.com/products/journals/journals.htm?id=qram Email:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brian J. Hall & Jeffrey B. Liebman, 1998.
"Are CEOs Really Paid Like Bureaucrats?,"
The Quarterly Journal of Economics,
MIT Press, vol. 113(3), pages 653-691, August.
- Ezzamel, Mahmoud & Lilley, Simon & Willmott, Hugh, 2004. "Accounting representation and the road to commercial salvation," Accounting, Organizations and Society, Elsevier, vol. 29(8), pages 783-813, November.
- Sven Modell & Christopher Humphrey, 2008. "Balancing acts in qualitative accounting research," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 5(2), pages 92-100, July.
- Stolowy, Hervé & Richard, Jacques & Ding, Yuan, 2008.
"Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries: From Stakeholder Model to Shareholder Model,"
Economics Papers from University Paris Dauphine
123456789/1389, Paris Dauphine University.
- Ding, Yuan & Richard, Jacques & Stolowy, Hervé, 2008. "Towards an understanding of the phases of goodwill accounting in four Western capitalist countries: From stakeholder model to shareholder model," Accounting, Organizations and Society, Elsevier, vol. 33(7-8), pages 718-755.
- Ding, Yuan & Stolowy, Hervé & Richard, Jacques, 2007. "Towards an understanding of the phases of goodwill accounting in four Western capitalist countries: From stakeholder model to shareholder model," Les Cahiers de Recherche 872, HEC Paris.
- Yuan Ding & Jacques Richard & Hervé Stolowy, 2008. "Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries: From Stakeholder Model to Shareholder Model," Post-Print halshs-00366038, HAL.
- L¢pez de Foronda P‚rez, àscar & L¢pez-Iturriaga, F‚lix & Santamar¡a Mariscal, Marcos, 2007.
"Ownership structure, sharing of control and legal framework. International evidence,"
Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas".
2007-01, Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interuniversity Doctorate Program (with a quality mention of ANECA) “New trends in Business Administration”, Universities of Valladolid, Burgos, and Salamanca (Spain). Master en Investigación y Programa de Docto.
- Ãscar López-de-Foronda & Félix J. López-Iturriaga & Marcos Santamaría-Mariscal, 2007. "Ownership Structure, Sharing of Control and Legal Framework: international evidence," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1130-1143, November.
- Brandes, Wolfgang & Weise, Peter, 1999. "Team Performance as a Constellation of Forces: A General Model," Kyklos, Wiley Blackwell, vol. 52(4), pages 573-90.
- Duane Windsor, 2006. "Corporate Social Responsibility: Three Key Approaches," Journal of Management Studies, Wiley Blackwell, vol. 43(1), pages 93-114, 01.
- Grilo, Isabel & Shy, Oz & Thisse, Jacques-Francois, 2001.
"Price competition when consumer behavior is characterized by conformity or vanity,"
Journal of Public Economics,
Elsevier, vol. 80(3), pages 385-408, June.
- GRILO, Isabel & SHY, Oz & THISSE, Jacques-FranÃ§ois, 1997. "Price competition when consumer behavior is characterized by conformity or vanity," CORE Discussion Papers 1997032, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- G. D. Ferrier & P. K. Porter, 1991. "The Productive Efficiency Of Us Milk Processing Co-Operatives," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(2), pages 161-173.
- Gendron, Yves & Bedard, Jean, 2006. "On the constitution of audit committee effectiveness," Accounting, Organizations and Society, Elsevier, vol. 31(3), pages 211-239, April.
- Jane Baxter & Wai Fong Chua, 2008. "The field researcher as author-writer," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 5(2), pages 101-121, July.
- Roberts, John & Sanderson, Paul & Barker, Richard & Hendry, John, 2006. "In the mirror of the market: The disciplinary effects of company/fund manager meetings," Accounting, Organizations and Society, Elsevier, vol. 31(3), pages 277-294, April.
- Williams, David J., 1986. "Shareholder bonding in financial mutuals: An exploratory study of the relative effects of altruism and agency," Accounting, Organizations and Society, Elsevier, vol. 11(3), pages 271-286, May.
- Bo Enquist & Mikael Johnson & Per Skålén, 2006. "Adoption of corporate social responsibility – incorporating a stakeholder perspective," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 3(3), pages 188-207, September.
- Simmons, Richard & Birchall, Johnston, 2008. "The role of co-operatives in poverty reduction: Network perspectives," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2131-2140, December.
- Ezzamel, Mahmoud & Willmott, Hugh & Worthington, Frank, 2008. "Manufacturing shareholder value: The role of accounting in organizational transformation," Accounting, Organizations and Society, Elsevier, vol. 33(2-3), pages 107-140.
- Henry Hansmann & Reinier Kraakman, 2000. "The End Of History For Corporate Law," Yale School of Management Working Papers ysm136, Yale School of Management, revised 01 Feb 2001.
- Manuel N�ñez-Nickel & José Moyano-Fuentes, 2004. "Ownership Structure of Cooperatives as an Environmental Buffer," Journal of Management Studies, Wiley Blackwell, vol. 41(7), pages 1131-1152, November.
When requesting a correction, please mention this item's handle: RePEc:eme:qrampp:v:7:y:2010:i:4:p:450-475. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Louise Lister)
If references are entirely missing, you can add them using this form.