The Possibilities of Positive Use of Residual Control and Income Rights of Stakeholders in the Corporation

This paper presents the development of stakeholder approach towards the study of modern corporation. Based on the understanding of the corporation as an institutionally autonomous form and of material production in the current economy, as well as based on the traditional stakeholder approach and on...

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Bibliographic Details
Published in:Procedia, social and behavioral sciences social and behavioral sciences, 2014-03, Vol.124, p.521-527
Main Authors: Barkhatov, V., Nikolaeva, E., Pletnev, D.
Format: Article
Language:English
Subjects:
Corporation
Residual Control and Income Rights
Social Responsibility
Stakeholders
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Summary:This paper presents the development of stakeholder approach towards the study of modern corporation. Based on the understanding of the corporation as an institutionally autonomous form and of material production in the current economy, as well as based on the traditional stakeholder approach and on the theory of corporate social responsibility, a hypothesis about the need of existence of residual rights of control or income for all corporative actors was formulated. In support of the hypothesis a few case studies are presented.
ISSN:1877-0428
1877-0428
DOI:10.1016/j.sbspro.2014.02.515