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Value Creation Concept In Stakeholder and Shareholder Economies

Author

Listed:
  • Zoran Mastilo
  • Vladimir Zakic
  • Goran Popovic

Abstract

In the financial theory it is common to make distinction between two types of corporate value creation concept: shareholder value and stakeholder value. In shareholder systems, also known as Anglo-American concept, institutional investors, who usually own small percentages of companies' shares, exert significant influence over managers. In major stakeholder systems, marked as Continental concept, influence is shared between large shareholders, employees, customers and suppliers. The aim of this paper is to analyze influence of globalization processes and economic crises on value creation theory and practice.

Suggested Citation

  • Zoran Mastilo & Vladimir Zakic & Goran Popovic, 2017. "Value Creation Concept In Stakeholder and Shareholder Economies," Applied Economics and Finance, Redfame publishing, vol. 4(2), pages 155-162, March.
    • Handle: RePEc:rfa:aefjnl:v:4:y:2017:i:2:p:155-162
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    References listed on IDEAS

    as
    1. Frankfurter, George & Wood, Bob G. & Wansley, James, 2003. "Dividend Policy," Elsevier Monographs, Elsevier, edition 1, number 9780122660511.
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    More about this item

    Keywords

    stakeholders; value creation; value distribution;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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