THE EFFECTS OF "GOING PRIVATE" ON CORPORATE FINANCIAL AND CORPORATE SOCIAL PERFORMANCE

被引:0
|
作者
Schneider, Marguerite [1 ]
Valenti, Alix [2 ]
机构
[1] New Jersey Inst Technol, Sch Management, Newark, NJ 07102 USA
[2] Univ Houston, Clear Lake Sch Business, Houston, TX 77058 USA
关键词
private equity; corporate social responsibility; corporate social performance; agency theory; stakeholder theory;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The newly private corporation challenges scholars to re-examine corporate social responsibility under a markedly different governance system. We theorize regarding the implications of public corporations going private through use of private equity. The new governance system includes few owners and an expert, involved board of directors; combined with a greatly reduced public presence, public-to-private firms are proposed to place greater emphasis on financial performance and lesser emphasis on social performance. Several variables are proposed to moderate the lesser emphasis on social performance.
引用
收藏
页码:236 / 245
页数:10
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