Value Maximization and the Corporate Objective Function

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The Business Case for Corporate Social Responsibility (2018, background): “Aided by the clarity of purpose it provides managers (cf. Jensen, 2000), the notion that a firm should be operated solely for the benefit of its shareholders has held sway with many for many decades.”
Variation sur le thème:"À la recherche de nouvelles fondations pour la finance et la gouvernance d'entreprise" (2002, background): “Ces considérations permettent par ailleurs d’expliquer l’absence de lien significatif constatée dans la plupart des études empiriques entre la composition du conseil, selon la traditionnelle opposition administrateurs externes/internes, et la performance (Bhagat et Black, 1999 et 2000).”
Corporate Social Responsibility: Three Key Approaches (2006, unknown): “Concrete definition, measurement, and prediction are arguably critical to effective management of multiple activities and issues ( Jensen, 2000).”