Who is in charge? A property rights perspective on stakeholder governance

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Advancing the Human Capital Perspective on Value Creation by Joining Capabilities and Governance Approaches (2015, background): “…with the increasing importance of intangible resources and knowledge-based capabilities, governing effectively becomes increasingly critical due to potential property rights problems under conditions of asymmetric information and distribution conflicts, (Klein et al., 2012; Libecap, 1989).”
From the Editors—Why We Need a Theory of Stakeholder Governance—And Why This is a Hard Problem (2020, background): “…mediating hierarchy provides a vehicle through which publicly traded corporations can formulate strategies that protect firm-specific investments and increase the joint welfare of a firm’s multiple stakeholders (Hoskisson, Gambeta, Green, & Li, 2018; Klein et al., 2012; Wang, He, & Mahoney, 2009).”