Arnold, G.C. (2000) ‘Tracing the development of value-based management.’ In Glen Arnold and Matt Davies (eds), Value-based Management: Context and Application. London: John Wiley & Sons.
A more detailed discussion of the objective of the firm is presented.
Donaldson, G. (1963) ‘Financial goals: management vs. stockholders’, Harvard Business Review, May–June, pp. 116–29.
Clear and concise discussion of the conflict of interest between managers and shareholders.
Doyle, P. (1994) ‘Setting business objectives and measuring performance’, Journal of General Management, Winter, pp. 1–19.
Western firms are over-focused on short-term financial goals (profit, ROI). Reconciling the interests of stakeholders should not be difficult ...