利益相关者之间的和谐(英文)
作者单位：University of Alberta Stern New York University
会议名称：《北京论坛（2007）文明的和谐与共同繁荣——人类文明的多元发展模式》
会议日期：2007年
学科分类：12[管理学] 1201[管理学-管理科学与工程(可授管理学、工学学位)]
摘 要：Corporate governance matters because how corporations allocate the nation’s capital matters. Many developed economies mandate that corporations be run for their public *** is not because shareholders are superior to employees,bankers,bondholders,customers,suppliers,or other ***,it is because poor governance usually harms public shareholders before other *** engineered disclosure rules make corporations transparent,so poor governance quickly depresses share prices,alarming shareholders who demand corrective measures. Ideally,all this happens before the problem grows large enough to harm other stakeholders. Governing corporations for shareholders really amounts to ’using’ shareholders as early warning alarms and automatic correction *** sound government policies are necessary,for this works if corporations are rendered transparent and public shareholders are empowered to force *** stakeholders cannot fulfill this role as well because shareholders’ wealth is more directly linked to the their corporation’s economic efficiency.