Value creation and the role of firms in society / Constantijn van Aartsen

Format:

Book

Author/Creator:

Aartsen, Constantijn van, author.

Series:

Elements in corporate governance

Cambridge elements. Elements in corporate governance, 2515-7175

Language:

English

Subjects (All):

Industries--Social aspects.

Industries.

Social responsibility of business.

Social values.

Physical Description:

1 online resource

Place of Publication:

Cambridge : Cambridge University Press, 2026

Summary:

"It is widely agreed by proponents of shareholder and stakeholder capitalism that firms are needed to create long-term value. While they debate whose interests this value creation should serve and how it should be measured, they rarely question the concept of value itself or whether firms should have this social role. This consensus is striking since the meaning of value is often unexplored and inadequately defined. This Element addresses that gap and challenges this consensus. It explores the nature and meaning of value, examines how value creation became the social role of firms, and asks whether firms should have this social role. It shows that the role of firms is not to create economic value for shareholders or stakeholders but to provide goods and services in ways that are consistent with social values. The analysis also offers a new, relational theory of the firm to help enable this paradigm shift"-- Cambridge Core

Contents:

The nature and meaning of value creation

Value creation and the social role of firms

Should value creation be the social role of firms?

Rethinking the role of firms in society

Notes:

Includes bibliographical references

Online resource; title from PDF title page (Cambridge Core, viewed July 16, 2026)

Other Format:

Print version: Aartsen, Constantijn van Value creation and the role of firms in society

ISBN:

9781009839891

1009839896

9781009839914

1009839918

OCLC:

1599580378

Publisher Number:

CIPO000397858

Access Restriction:

Restricted for use by site license