The need for an alternative to shareholder value creation? The Ethomed student experience |
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| Institution: | 1. University of Ottawa, Canada;2. Royal Military College of Canada, Canada;3. Carleton University, Canada;1. University of Evry, France;2. ESSCA School of Management, France;1. University of Evry, 2, rue Facteur Cheval, 91025 Evry, France;2. ESSCA – School of Management, Strategy and Management, 55 quai Alphonse Le Gallo, 92513 Boulogne-Billancourt Cedex, France;3. University of Minho, Department of Economics and Economic Policies Research Unit (NIPE), Campus of Gualtar, 4710-057 Braga, Portugal;4. London School of Economics, LSE Alumni Association, Houghton Street, London WC2 2AE, United Kingdom;1. University of Tunis, High Institute of Management, Laboratory GEF2A, Tunis, Tunisia;2. EDC Paris Business School, OCRE-LAB, Paris-France, 70 Galeries des Damiers, Courbevoie, la Défense 1, 92415, France;1. CRIISEA Amiens University, France;2. THEMA, University of Cergy-Pontoise, France;3. INSEEC Business School, France;4. University of Sfax, Tunisia;1. IPAG Business School, IPAG Lab, 184 Boulevard Saint-Germain, 75006 Paris, France;2. Lombard Odier Asset Management, and University Paris 1 (CES), France |
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| Abstract: | This article aims to highlight the need for a radical break with the methodological individualism that dominates the fields of economics and management, especially finance. It advocates the need to try to understand the issues and methods that are required to coordinate economic action in order to meet social needs.The article questions methodological individualism and the dominant role played by shareholders. Is it possible to promote social welfare simply by considering it to be a result of a shareholder value maximization point of view? If not, this implies not only understanding fully the challenges that we face but also being innovative regarding the way in which we coordinate the actions that are necessary to meet these challenges head on, and perhaps promoting another character as a substitute for the shareholder. |
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| Keywords: | Shareholder value maximization Methodological individualism Enterprise Value |
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