IDEAS home Printed from https://ideas.repec.org/p/hhb/hanken/0493.html
   My bibliography  Save this paper

Shareholder/Stakeholder Value Management, Company Growth and Financial Performance: An Exploratory Study

Author

Listed:
  • Ekholm, Bo-Göran

    (Swedish School of Economics and Business Administration)

  • Wallin, Jan

    (Swedish School of Economics and Business Administration)

Abstract

There has been considerable discussion in the literature about the relative merits of shareholder value management and stakeholder value management, but relatively little empirical research has been reported concerning the relationship between these types of management and financial performance. The present study puts forward a hypothesis that true shareholder value management also encompasses stakeholder value management. This combination of shareholder/stakeholder value management is hypothesised to be associated with superior financial performance and sales growth. Using a sample of chief financial officers' ratings of the contemporary management accounting techniques economic value added and the balanced scorecard to represent the two management types, the study found evidence in support of the hypothesis.

Suggested Citation

  • Ekholm, Bo-Göran & Wallin, Jan, 2003. "Shareholder/Stakeholder Value Management, Company Growth and Financial Performance: An Exploratory Study," Working Papers 493, Hanken School of Economics.
  • Handle: RePEc:hhb:hanken:0493
    as

    Download full text from publisher

    File URL: http://dhanken.shh.fi/dspace/bitstream/10227/179/2/493-951-555-796-8.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Laura Arranz-Aperte & Almas Heshmati, 2004. "Determinants of Profit Sharing in the Finnish Corporate Sector," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 39(1), pages 55-79, January.
    2. John Asafu-Adjaye, 2004. "Income inequality and health: a multi-country analysis," International Journal of Social Economics, Emerald Group Publishing, vol. 31(1/2), pages 195 - 207, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fougère, Martin, 2004. "Organizing (with) Thirdness. A Dialogic Understanding of Bicultural Interactions in Organizations," Working Papers 504, Hanken School of Economics.
    2. Forsman, Maria & Solitander, Nikodemus, 2004. "The Context and Diffusion of Knowledge in the Finnish Jewellery Industry - The role of The House of Fabergé," Working Papers 506, Hanken School of Economics.
    3. Ekholm, Bo-Göran & Wallin, Jan, 2004. "Strategic Priorities, Company Performance and Attitudes Towards Management Accounting Techniques: an Empirical Study," Working Papers 507, Hanken School of Economics.
    4. Fougère, Martin, 2004. "Finnish-French Fundamental Cultural Antagonisms in Organising," Working Papers 502, Hanken School of Economics.
    5. Peng Wang & Jay Pan & Zhehui Luo, 2015. "The Impact of Income Inequality on Individual Happiness: Evidence from China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 121(2), pages 413-435, April.
    6. Fang, Pengqian & Dong, Siping & Xiao, Jingjing & Liu, Chaojie & Feng, Xianwei & Wang, Yiping, 2010. "Regional inequality in health and its determinants: Evidence from China," Health Policy, Elsevier, vol. 94(1), pages 14-25, January.
    7. Mohan, Ramesh & Mirmirani, Sam, 2007. "An Assessment of OECD Health Care System Using Panel Data Analysis," MPRA Paper 6122, University Library of Munich, Germany.
    8. Palma, Marco Antonio & Ortiz, Rocio & Alvarez-Dardet, Carlos & Ruiz, Maria T., 2009. "Policy determinants affecting the hunger millennium development goal," Social Science & Medicine, Elsevier, vol. 68(10), pages 1788-1792, May.
    9. Weichun Chen & Judith A. Clarke & Nilanjana Roy, 2014. "Health and wealth: Short panel Granger causality tests for developing countries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(6), pages 755-784, September.
    10. C. S. Verma & Gulnawaz Usmani, 2019. "Relationship Between Health and Economic Growth in India," Indian Journal of Human Development, , vol. 13(3), pages 344-356, December.
    11. Usamah Fayez Al-Farhan, 2010. "A Detailed Decomposition of Changes in Wage Inequality in Reunified Post-transition Germany 1999-2006: Accounting for Sample Selection," SOEPpapers on Multidisciplinary Panel Data Research 269, DIW Berlin, The German Socio-Economic Panel (SOEP).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhb:hanken:0493. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Staffan Dellringer (email available below). General contact details of provider: https://edirc.repec.org/data/shhhhfi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.