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E-book

Title Shareholder value and the common good : essays on the objectives and purposes of business management / edited by David Lutz, Paul Mimbi
Published Nairobi, Kenya : Strathmore University, [2005]
©2005

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Description 1 online resource (406 pages) : illustrations
Contents Acknowledgements -- Introduction -- Keynote address: the relationship between ethics and business management -- Altruism and human flourishing: the high and lw dimensions of 'self-interest' in business enterprise -- Beyond agency theory: the nature of the firm from a humanistic perspective -- A comparative analysis of the principle of competition in business management and the principle of love in Christian ethics in Africa -- The purpose of business management inthe light of Catholic social teaching -- The challenge of business: going beyond wealth maximisation and profit maximisation -- Human perfection as the proper aim of business management -- The objective of maximum profit, or the wishfulthinking of a 'hyper-monetised' economy -- The German way: the free-enterprise system; daily struggle between capitalism and social responsibility -- Which business models for sustainable development? -- Beyond 'welfarism': towards a philosophical grounding of economic theory -- The objective of business management: a Biblical perspective -- Should entrepreneurs advance the profit-maximisation objective? -- Ethics in business economics: self-interest, inequality of income, and social justice -- Governing the business enterprise: the wealth-creating organ of, in, and for society -- Profit maximisation and business social responsibility objectives in business management -- Capitalism and social investment in Africa:contradictory commitment to development -- The misapplication of the concept of agency to financial management theory -- Founding an ethical Kenya: the role of the business sector -- The search for metaphysical, rpistemological, moralprinciples to serve as a basis of business management -- The objective of business management and the necessity of ethical business managers -- Presumptive taxation and tax compliance in Uganda: incorporating ethical aspects -- Management ethics and the reality of negative attitudes in Nigeria's public employment sector -- Work ethic, locus of control, and task performance -- Personal morality and business management: empirical and philosophical perspectives -- Contributors
Summary What is the objective or purpose of business Management? According to the dominant theory of contemporary financial management scholarship, agency theory, business managers are obligated to maximise owner or shareholder value. According to most theories of business ethics, however, some owner-value-maximising actions should not be performed, because they would be unethical. Because business management scholars and business ethics scholars have not resolved this contradiction, students of commerce receive a contradictory education. The twenty-five essays in this interdisciplinary, international
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (ebrary, viewed June 17, 2014)
Subject Management -- Africa, Sub-Saharan
Management
Sub-Saharan Africa
Form Electronic book
Author Lutz, David, editor
Mimbi, Paul, editor
ISBN 9789966530059
9966530053
9966031154
9789966031150