Why do corporations exist? / Jang-Sup Shin

Format:

Book

Author/Creator:

Shin, Jang-Sup, 1962- author.

Series:

Elements in corporate governance

Cambridge elements. Elements in corporate governance, 2515-7175

Language:

English

Subjects (All):

Corporations.

Corporate power.

corporations.

Physical Description:

1 online resource

Place of Publication:

Cambridge : Cambridge University Press, 2026

Summary:

"Corporations are the engine of the modern economy, yetp ublic debates are ideologically polarized between two extremes –shareholder value theory and stakeholder theory – and the real workings of corporations and their contributions to society are obscured. This book attempts to break the shackles of these two ideologies. It starts from the “Two Corporate Axioms” that any reasonably well-informed person should accept, i.e., the dominance of corporations and the existence of market competition. It then derives the “Eight Corporate Theorems” as logical extensions of the axioms and, based on these theorems, re-examines major issues surrounding corporations, including their purpose and governance. To make this construct more realistic, the book weaves the theorems into the story of an imaginary AI company, starting as a venture company and expanding eventually into a multi-planetary enterprise. This book concludes by offering a vision of the corporation as a long-term community for co-prosperity"-- Provided by publisher

Contents:

The birth of new owners of companies

The ontological foundation and purpose of the corporation

The teleology of the corporation

The control of the corporation

The correspondence between rights and responsibilities

Building the community of long-term co-prosperity

Notes:

Includes bibliographical references

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

Other Format:

Print version: Shin, Jang-Sup, 1962- Why do corporations exist?

ISBN:

9781009856553

1009856553

9781009856508

1009856502

OCLC:

1579814745

Publisher Number:

CIPO000381864

Access Restriction:

Restricted for use by site license