Week 7 Flashcards
1
Q
Flammer - shareholder theory (milton friedman)
A
the company > profit > shareholders
CSR actions will decrease profits due to the extra investments and costs, and thus violate contract with the shareholders
2
Q
Flammer - stakeholder theory (Edward Freeman) (model)
A
company > stakeholders > profit
3
Q
Flammer - stakeholder theory (Edward Freeman)
if the firm succeed in connection to all of the stakeholders. A firm can maximise:
A
productivity
supplier relations
meeting customer needs
larger profits can be made
