After two decades ruled by the trust in markets as self-regulating systems as well as by the shareholder approach to creation value theory, questions about nature, role and social responsibility of the firm was revived by the recent financial crisis and the following instability in economic systems. The shareholder approach to creation value theory is consistent with short term management practices. On the contrary the “competence building” approach should be considered, that is consistent with the institutional view supported by the Italian “Economia Aziendale” school. According this approach companies let stakeholders play an active role and by this way comply with social responsibility practices.
Teoria della creazione del valore e responsabilità sociale dell'impresa
FERRANDO, PIER MARIA
2010-01-01
Abstract
After two decades ruled by the trust in markets as self-regulating systems as well as by the shareholder approach to creation value theory, questions about nature, role and social responsibility of the firm was revived by the recent financial crisis and the following instability in economic systems. The shareholder approach to creation value theory is consistent with short term management practices. On the contrary the “competence building” approach should be considered, that is consistent with the institutional view supported by the Italian “Economia Aziendale” school. According this approach companies let stakeholders play an active role and by this way comply with social responsibility practices.
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