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Henry: Understanding Strategic Management

Chapter 12

For a practical discussion of corporate governance see:

Cadbury, A. (2002). Corporate Governance and Chairmanship: A Personal View. Oxford University Press.

Monks, R.A.G. and Minow, N. (2004). Corporate Governance, 3rd edn. Blackwell, Boston, MA.

A robust defence of shareholder primacy is provided by:

Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine, 13 September 1970.

Sternberg, E. (2000). Just Business: Business Ethics in Action, 2nd edn. Oxford University Press.

The case for stakeholder theory is made by:

Freeman, R.E. (1984). Strategic Management: A Stakeholder Approach. Pitman, Boston, MA.

For a discussion of agency theory see:

Jensen, M.C. and Meckling, W.H. (1976). The theory of the firm: managerial behaviour, agency costs and ownership structure. Journal of Financial Economics, 3(3), 305–60.

Fama, E.F. and Jensen, M.C. (1983). The separation of ownership and control. Journal of Law and Economics, 88(2), 301–25.